You are here: Home - Insurance - News -

Insurers to launch scheme for flood-prone homes

Written by:
In April, a group of UK insurers are set to launch a new scheme to provide affordable cover for homes at risk of flooding.

The scheme, known as Flood Re, is expected to offer affordable cover to qualifying homeowners including some of the 16,000 flooded this winter.

However, not all properties at risk of flooding will be covered by Flood Re. The Council of Mortgage Lenders (CML) warns that mortgage lenders, insurers and the government will need to keep the scheme under review to assess how well it is working. The CML said: “We believe that, over time, Flood Re needs to expand to provide cover for a wider range of properties, and to help ensure the housing market works smoothly in areas prone to flooding.”

Click here to read the CML’s full article: Homes at risk of flooding, what next? 

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Everything you need to know about being furloughed

Few people had heard of ‘furlough’ before March 2020, but the coronavirus pandemic thrust the idea of bein...

The savings accounts paying the most interest

If one of your jobs this month is to get your finances in order, moving your savings to a higher paying deal i...

Coronavirus and your finances: what help can you get in the second lockdown?

News and updates on everything to do with coronavirus and your personal finances.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

Read previous post:
The UK is the ‘whiplash capital of the world’

The UK is the “whiplash capital of the world” and the rise in claims is being driven by overzealous claims...