Question to the Department for Environment, Food and Rural Affairs:
To ask the Secretary of State for Environment, Food and Rural Affairs, with reference to the Flood Re scheme, what his planned timetable is for members of the public being able to apply for Build Back Better funding to repair their properties after a flooding event.
From April 2022 changes to the Flood Re scheme allow insurers who cede policies to the scheme to pay claims which include an amount of resilient repair (build back better) up to a value of £10,000 over and above the cost of like-for-like reinstatement of actual flood damage. The first five insurers, covering over 50 per cent of the insurance market, have committed to participate in Build Back Better and will be ready to offer it to their customers during 2022 and early 2023. We expect more insurers to follow.
Following a flood, customers should contact their insurer as soon as possible to start the claims and reinstatement process.