Andrew Stephenson – 2016 Parliamentary Question to the Department for Environment, Food and Rural Affairs

The below Parliamentary question was asked by Andrew Stephenson on 2016-02-19.

To ask the Secretary of State for Environment, Food and Rural Affairs, how many homes she estimates will benefit from Flood Re in (a) the North West, (b) Lancashire and (c) Pendle.

Rory Stewart

Flood Re is on target to start operating on 4 April. The Scheme will help owners of property at high risk of flooding by ensuring that, for the first time, they can access affordable flood insurance regardless of where they live.

We expect Flood Re to cover up to 350,000 properties across the country and insurers are free to decide which properties to pass to Flood Re. The number of properties passed to Flood Re in particular areas will become evident once the scheme is in operation. There is no limit to the number of properties that can be ceded to Flood Re.