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Oral question asked in the House of Lords, by Lord Campbell-Savours (Labour). It was answered on Monday, 13 July 2026.

Climate Change: Housing Insurability, Mortgage Lending and Financial Resilience

Question

My Lords, on housing insurability, what consideration is being given to the problem of premium escalation and refusal to insure in areas that have not flooded but are shown as at risk on flooding mapping due to climate change? Would it not be helpful if we could have some review on how local authorities disseminate such information, its effect on premiums and how it is used during property conveyance? I declare an interest as a resident of an apartment where flood protection measures have enabled us to avoid the increased premiums I am referring to in this question.

Answer

As I said, the Climate Change Committee has assessed that the insurance gap is currently low relative to most countries. Flood risk, though, is the most immediate concern for UK households. The Environment Agency’s latest flood

risk assessment indicated that around 6.3 million properties in England are at risk of flooding, increasing to 8 million as a result of climate change. The Government are working with Flood Re to ensure the scheme remains effective and financially sustainable through to its planned end date of 2039, and discussions are ongoing to understand and tackle the medium-term pressures.

Secondary information

Type
Oral question
Reference
858 c390 
Session
2026-27
Oral question type
Supplementary
Chamber / Committee
House of Lords chamber
Subjects
Housing Financial services Insurance Mortgages Owner occupation
Link
View this Oral question on hansard.parliament.uk