Floods: Home Insurance
The question
To ask the Secretary of State for Environment, Food and Rural Affairs, what steps her Department is taking to support homeowners with insurance costs in areas deemed to have high flood risk.
Answered by Emma Hardy
Flood Re is a joint Government and industry flood reinsurance scheme designed to promote the affordability and availability of insurance for households at highest risk.
In 2025/26, Flood Re provided cover for over 353,000 household policies, with 742,000 properties benefitting since the scheme’s launch. Prior to Flood Re’s inception, the average home insurance quote for a householder with a flood claim was about £4,400. As of March 2026, the average was around £1,300.
Flood Re has been a major success over the past decade and is performing strongly on its objective of ensuring the availability and affordability of flood insurance. On 1 July 2026, this government announced reforms to ensure that Flood Re continues to succeed, by remaining fair, sustainable and focused on supporting those who need it most. Without reform, rising claims and reinsurance costs would place increasing pressure on the scheme and its affordability.
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