Government-backed scheme has started offering cover to at-risk householders,but there still are exclusionsFlood Re, the scheme designed to offer affordable insurance to 350000 UK homes at high risk of flooding, or has finally opened for business. But thousands of householders may enjoy to switch domestic insurer to retract advantage.
Developed by the insurance industry,with government backing, Flood Re was set up after insurers said they were no longer prepared to offer universal flood cover to households who had been flooded in the past.
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Source: theguardian.com