Representing the UK’s insurance, long-term savings and investment industry | Contact us

Flooding

- read a text version of this video on Opinionated - ABI Blogs.

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.

Latest news

£6.7 million a day in insurance claims from customers hit by the recent flooding
The wettest winter on record is likely to result in £446 million being paid in insurance claims to customers whose homes, businesses, and...
13/03/2014
Tom Woolgrove to become Interim CEO of Flood Re
Tom Woolgrove has been appointed Interim CEO of Flood Re after a meeting of the Flood Re Project Board today.
04/03/2014
Flood Insurance Customer Commitments
The UK insurance industry is proud of our role in helping homeowners and businesses cope with the trauma of flooding.
12/02/2014
Insurance bill for storm and flood damage over Christmas 2013 and the New Year period set to cost £426 million, says the ABI
The insured bill for the damage caused by the storms and flooding over the Christmas 2013 and New Year period looks set to cost £426 mill...
28/01/2014
ABI and Government agree Memorandum of Understanding on scheme to safeguard UK flood insurance
The ABI and the Government today agreed a Memorandum of Understanding (MoU) on how to develop a not-for-profit scheme - Flood Re - that w...
27/06/2013
The Rt Hon Oliver Letwin MP announced as a keynote speaker at the ABI Biennial Conference
Minister responsible for developing government policies within the Cabinet Office joins A-list of keynote speakers.
21/06/2013