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Government urged to rethink flood insurance plans

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Government urged to rethink flood insurance plans


Published by Anonymous for in Central Government and also in Housing, Regulation

Government urged to rethink flood insurance plans Government urged to rethink flood insurance plans

The property industry has urged the government to rethink the scope of its affordable flood insurance scheme, after ministers confirmed that millions of homeowners could be left out.

Following Defra's launch of a consultation on how it intends to implement Flood Re, the British Property Federation (BPF) said it remained concerned over the current scope of the scheme.

The BPF says it is particularly worried about the exclusion of the majority of leasehold property from the scheme - which means that while most homeowners who live in houses will be able to access affordable buildings insurance, most flatowners will not.

Homes built after 2009 and those in council tax band H will also be excluded from Flood Re.

The BPF’s director of policy, Ian Fletcher, said: “Over the past few months we have been given myriad excuses for the exclusion of leasehold properties from Flood Re.

"These have ranged from the competence of computer systems, to the lack of hard evidence, to quibbling over the difference between building and contents cover.

“The fact that we achieved a small concession for leasehold blocks of three or fewer to be included within the scope of Flood Re only serves to highlight the tenuous nature of these arguments and, on that basis, we would like to see the entire leasehold sector included.

"The current arrangement is simply not good enough, and we will be making this very clear in our consultation response.”


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