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Campaign to make cheap insurance available for properties at risk of flooding

A new campaign has been launched to help make cheap insurance available to those who own property in flood-risk areas following on from the recent flooding in Wales caused by Storm Callum.

Rivers burst their banks, properties were flooded and some homes lost power while travel was affected as Wales bore the brunt of torrential rain last month.

Flood Re, the government-backed, not-for profit scheme, is encouraging those that do not currently have property insurance or those who are looking to renew their policy to shop around to find the best deal to ensure that their properties are protected.

Andy Bord, chief executive of Flood Re, said: “Flood Re continues to help reduce the costs of home insurance for those at risk of flooding. Storm Callum inflicted major damage across Wales – showing that the risk of flooding is a real and daily concern for thousands of homeowners.

“We want to ensure that everyone eligible can be confident that they can get affordable home insurance to protect them in the future.”

Hannah Blythyn, Minister for Environment, accepts that affordable flood insurance “should be available to all homeowners”.

She commented: “The Flood Re scheme enables higher risk homes to obtain insurance at affordable premiums.

“If residents were quoted high insurance premiums in the past, I would urge them to try again as their premiums should now be capped at a more affordable level.”

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