Floods: Insurance

(asked on 21st January 2020) - View Source

Question to the Department for Environment, Food and Rural Affairs:

To ask the Secretary of State for Environment, Food and Rural Affairs, how many properties in (a) Fairbourne, Gwynedd, (b) Dwyfor Meirionnydd and (c) Wales have access to affordable flood insurance through the Flood Re scheme.


Answered by
Rebecca Pow Portrait
Rebecca Pow
Parliamentary Under-Secretary (Department for Environment, Food and Rural Affairs)
This question was answered on 27th January 2020

Flood Re (FR) covers the UK, including Wales. It is available through more than 85 insurance brands representing 94% of the home insurance market. FR does not deal directly with homeowners, but instead allows insurance companies to choose whether to pass the flood risk element over to them for a set, below market-cost, premium.

As of 30 September 2019, there were 12,567 policies in Wales backed by FR. In Dwyfor Meirionnydd, there were 388 policies. The lowest granularity FR can provide figures for is at a constituency level so FR cannot provide a number for Fairbourne, Gwynedd.

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