Flood Insurance Cover Does Not Protect Thousands Of New Homes

Tens of thousands of families who bought new homes in flood-risk areas are facing “crippling” financial costs, as they are ineligible for cover under a government-backed insurance scheme. Research by the liberal conservative thinktank Bright Blue found that 70,000 homes had been built on land at the highest risk of flooding in England since 2009, including 20,000 that were not protected by flood defences. Homes built after 1 January 2009 are not eligible for insurance under Flood Re, a government scheme launched in 2015 with the aim that about 350,000 homeowners would have access to affordable cover. Read more on the Guardian website.

https://www.theguardian.com/environment/2020/feb/21/new-homes-in-flood-risk-areas-not-covered-by-insurance-scheme