Floods: Insurance

(asked on 27th April 2020) - View Source

Question to the Department for Environment, Food and Rural Affairs:

To ask the Secretary of State for Environment, Food and Rural Affairs, what assessment he has made of the potential effect of the build back better Flood Re scheme on insurers' ability to make more homes resilient to future flooding.


Answered by
Rebecca Pow Portrait
Rebecca Pow
Parliamentary Under-Secretary (Department for Environment, Food and Rural Affairs)
This question was answered on 4th May 2020

We are considering the implications of all the proposals made by Flood Re as part of their July 2019 Quinquennial Review report. This includes the proposal that Flood Re be permitted to pay insurers over and above the cost of flood damage for a property to allow insurers to make it more resilient to future flooding (Build Back Better). We will respond formally to the report in due course.

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