Rachael Maskell MP for York Central welcomes the new reinsurance scheme, Flood Re, which will enable insurers to offer competitive premiums and lower excesses to high flood risk homes across the UK.
Although Flood Re will not deal directly with consumers, the creators of the scheme have produced a short animated video to illustrate how it will help those at risk of flooding. This is available on the Flood Re website at http://www.floodre.co.uk
Speaking following the launch, Rachael Maskell MP said:
“I am pleased that the scheme is up and running and will be available for consumers in York Central. Some struggle to access affordable flood insurance and I hope the situation improves now that Flood Re has launched.
“I am still talking to government about a flood reinsurance scheme can be made available to businesses, especially small businesses, who are also struggling with insurance, especially the high levels of premiums and excess payments. I have also been contacted by leaseholders who cannot get insurance and this also needs addressing”.
Brendan McCafferty, Chief Executive of Flood Re, commented:
“I am delighted to announce that Flood Re is now live and ready to accept policies. We aim to make flood cover more affordable and accessible to people in high flood risk areas. People in York Central should speak to their current insurer and shop around to ensure they are able to get the best possible deal for their flood insurance.”
Rachael Maskell MP continues to support constituents, residents and businesses, who were impacted by the Boxing Day floods and is taking up issues about future resilience schemes planned for York.