As Flood Re marks its tenth anniversary, new measures will more than halve premiums for some lower-income households, strengthen flood resilience, and help prepare the market for the future.
These measures include:
- Major cost cut for lower-income households:
- Flood Re will more than halve premiums for contents-only policies in Council Tax Bands A and B (from £52 to £25 from April 2027), targeting support at those least able to absorb flood costs, including renters.
- Next phase focused on fairness and resilience:
- A new reform package will better target support, strengthen incentives for propertylevel flood resilience, and prepare the insurance market for a smooth transition ahead of the scheme’s planned end in 2039.
- Practical steps to boost resilience:
- Flood Re will introduce Flood Performance Certificates, premiu