Oral question asked in the House of Lords, by Baroness Jones of Whitchurch (Labour). It was answered on Thursday, 1 December 2016.

Flood Defences

Question: My Lords, the scheme ought to be extended to the poorest and most vulnerable individuals caught up in the floods—that is, people such as the tenants and the farm workers who do not meet the rather restricting qualifying criteria that currently exists.

Answer: My Lords, perhaps I should say to the noble Baroness that, in fact, Flood Re does include leaseholders for up to three flats and contents insurance, but above three flats it becomes a commercial policy. So in point of fact there are permutations to the scheme. I want to emphasise that Flood Re is an industry-owned and managed not-for-profit reinsurer; it pools the risk of flood claims and is targeted, with a subsidy, to lower-income households.

Secondary information