Council backs new ‘Flood Re’ insurance scheme

Release date: 16 March 2016

Cotswold District Council has given its full support to a new scheme which will make more affordable home insurance available to residents in flood prone areas.  

Insurance companies have been working with the government to develop the ‘Flood Re’ scheme which launches in April.  The scheme, which runs until 2039, will:

- Enable flood insurance cover to be more affordable for households at highest risk of flooding

- Increase the availability and choice of insurers for customers

- Allow time for the government, local authorities, insurers and communities to become better prepared for flooding, and reduce the likelihood and cost of dealing with it.

Commenting on the forthcoming scheme, Cllr Sue Coakley, CDC Cabinet Member for Health, Environment and Communities, said:

“It’s always very distressing when homes are flooded, but it’s even worse for householders who cannot access competitively priced insurance options and find themselves locked into very expensive deals.  This new scheme should address this problem for many people, including those living in areas in the Cotswolds with a history of flooding.  While insurance companies will continue to collect payments and deal with any claims arising from policies, part of these payments will be directed to a special levy operated by ‘Flood Re’ which will be used to pay claims while keeping down the costs to the policy holder.”

The ‘Flood Re’ scheme will apply to homes that were built before January 2009 and it is expected to help up to 350,000 homeowners across the UK.  The properties must fall within a Council Tax band and should be insured in the name of an individual.  The scheme will not apply to leasehold flats in blocks of four units or more, nor is it open to businesses.

For more details about eligibility for the scheme please visit  Additionally, for general advice on flood risk and how you can protect your property see



Cotswold District Council
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