UK Flood Reinsurer Enhances Cover To Attract Homeowners

Law360, London (July 8, 2019, 4:56 PM BST) -- Britain’s flood reinsurance scheme announced plans on Monday to encourage property owners to take out home insurance, including a proposal to offer discounted premiums to homeowners who install measures to prevent floods.

Flood Re, a reinsurance scheme that aims to make flood cover more widely available and affordable, said it will discount the premiums that consumers pay for home insurance if they install flood-resilient structures such as drainage systems and boundary walls.

The scheme said it wants to encourage homeowners to put their own safeguards against flooding in place. Flood Re said it will work with insurers to pay out an additional...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Related Sections