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Flooding has become a major issue for some homeowners and tenants looking for buildings and contents insurance. The UK experienced some of its wettest weather in a century in 2012. Widespread flooding affected more than 8,000 properties, causing £400 million worth of damage.
If you live in a flood-prone area you may find it difficult to access home insurance. If you're having problems finding cover, try contacting insurance companies directly or through a broker via the British Insurance Brokers’ Association.
See the ABI's tips on accessing flood insurance for more information.
Insurers are currently obliged to offer insurance to their existing customers who have previously been flooded or are at risk of flooding under an agreement – called the Statement of Principles – currently in place between the ABI and the Government.
Accurately assessing your flood risk may help you when approaching insurers for cover.
If you live in a flood-prone area the ABI’s tips on preparing for a flood will help you to minimise the damage to your home and its contents.
If you’ve already experienced flooding see the ABI's advice on recovering from a flood and making an insurance claim.
Flood Re - the future of flood insurance
Flood Re is a not-for-profit scheme built to ensure flood insurance remains widely affordable and available.
The ABI and the Government have agreed a Memorandum of Understanding (MoU) on how to develop the model of Flood Re.
The MoU is a first step towards establishing Flood Re, and confirms it as the Government’s preferred option when the existing Statement of Principles agreement expires.
For more information, see our Government and insurance industry flood agreement section.