Plans to deliver fairer, cheaper flood insurance for families and businesses welcomed by Doncaster MP
As part of the changes, contents-only insurance for households in Bands A and B will be reduced to £25 a year from April 2027
Government reforms to deliver fairer, cheaper flood insurance for families and businesses welcomed by Doncaster North MP Ed Miliband.
Families across England - including in Doncaster North - will benefit from cheaper and fairer flood insurance as the Government reforms the Flood Re scheme to better target support at those who need it most.
Flood Re, a joint Government and insurance industry scheme, has helped ensure affordable flood insurance for households at highest risk since 2016. Today’s reforms will build on that success by updating the scheme to reflect rising flood risk and the growing impact of climate change.
As part of the changes, contents-only insurance for households in Bands A and B will be reduced to £25 a year from April 2027, helping families protect the things that matter most and easing cost-of-living pressures.
The reforms will also end the current unfairness where ordinary households subsidise the most expensive properties, ensuring support is properly focused on low- and middle-income families.
Alongside this, new measures will shift the system towards prevention as well as protection.
Flood Performance Certificates will give households clearer information about their flood risk, while strengthened Build Back Better measures will allow homeowners to access up to £10,000 to improve resilience when repairing flood damage.
The reforms will maintain access to insurance for all eligible homes while improving the long- term sustainability of the scheme through to 2039, including the introduction of a cap on claims.
These changes sit alongside record Government investment in flood defences, including £1.4 billion next year alone, as part of the largest flood resilience programme in the country’s history.
Mr Miliband said: “As one of the most flood-prone constituencies in the UK, I know first-hand how devastating the impact of flooding can be on families and businesses in Doncaster North.
“These reforms will make a real difference to residents in communities across the constituency - reducing costs for households, restoring fairness, and strengthening our ability to protect against future flooding.”