Floods: Insurance

Department for Environment, Food and Rural Affairs written question – answered on 21st October 2020.

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Photo of Yasmin Qureshi Yasmin Qureshi Shadow Minister (International Development)

To ask the Secretary of State for Environment, Food and Rural Affairs, what recent assessment he has made of the level of access to insurance for households affected by 2019-20 winter floods.

Photo of Rebecca Pow Rebecca Pow The Parliamentary Under-Secretary of State for Environment, Food and Rural Affairs

The 2019-20 winter floods impacted communities across the country both in November 2019 and February 2020. The November 2019 flooding mainly impacted South Yorkshire, in particular Doncaster where over 760 households and businesses were severely affected.

Flood Re is a joint government and industry initiative launched in 2016 to improve the availability and affordability of flood insurance for households at high flood risk. In 2019/20 Flood Re provided cover for over 196,000 household policies. More than 300,000 properties have benefitted since the scheme’s launch.

Flood Re is available through more than 85 insurance brands representing 94% of the home insurance market.

Research has found that before the introduction of Flood Re, only 9% of householders who had made prior flood claims could get quotes from two or more insurers, with 0% being able to get quotes from five or more. Since May 2019, 99% of households with prior flood claims can now receive quotes from five or more insurers. Four out of five householders with a prior flood claim saw price reductions of over 50%.

In December 2019, the Government commissioned an independent review into the affordability and availability of insurance in Doncaster. The review, led by Amanda Blanc, will be fully considered by Ministers and published later this year.

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