Description |
Home insurance only. Flood Re is a reinsurance company, which means it enables insurance companies to insure themselves against losses because of flooding.
Unlike other reinsurance companies it is a not-for-profit fund, owned and managed by the insurance industry. Customers will still buy their insurance from insurers or insurance brokers in the usual way, they will not deal directly with Flood Re. When the cost of the flood risk part of their policy climbs above a certain level, it may make sense for the insurer to place that part of the policy with Flood Re.
In the case of a customer making a claim because of a flood they will have their claim managed and repair works completed by their insurer in the usual way, but that insurer will then be able to recover those costs from Flood Re.
Contains address fields, UPRN, strike claim count, resilience indicator, exclusion indicator, eligibility history.
|