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Flood insurance: Defra Seek Views on Flood Reinsurance Scheme

Defra would like to know what you think about regulations being made to allow the insurance industry to implement the flood reinsurance scheme, known as Flood Re.

Flood Re will help make flood insurance affordable for households at flood risk in the UK.

Part 4 of Water Act 2014 sets the broad scope of these regulations and how Flood Re will operate.

Defra particularly want to hear from groups and individuals at risk of flooding, and from the insurance industry and property and mortgage sector.

The consultation is now open and ends on 16th September 2014.  If you would like to contribute towards the consultation please click here.

 

Information is taken from gov.uk website.

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