Flood Insurance
Flood risk can make finding suitable insurance more challenging for both homeowners and businesses. Understanding your risk and improving your property’s flood resilience can provide useful evidence when discussing cover with insurers or specialist brokers. M3 Floodtec works alongside insurers and property owners to deliver practical Property Flood Resilience (PFR) measures designed to help reduce flood damage and support faster recovery following a flood.
Understanding Flood Insurance
Flood insurance is usually included within buildings insurance, while contents insurance covers belongings that may be damaged by flooding. Properties with a history of flooding or a higher level of flood risk may sometimes face higher premiums, increased excesses or fewer insurance options.
Understanding how flooding could affect your property and taking practical steps to improve its resilience can help you make informed decisions about your insurance and provide useful information when speaking with insurers or specialist brokers.
Domestic Flood Insurance
Homeowners in areas at greater risk of flooding may find it more difficult to access suitable or affordable flood cover. Property Flood Resilience measures can help reduce the potential impact of future flooding by resisting water ingress or making a property easier to recover and repair.
A flood risk assessment can also provide useful information about the property, including potential sources of flooding, vulnerable entry points and improvements that may help reduce future damage.
Flood Re
Flood Re is a joint initiative between the UK Government and the insurance industry designed to help insurers provide more affordable flood cover for eligible homes at higher risk of flooding.
The scheme applies to qualifying residential properties rather than commercial premises, and eligibility depends on factors including the age and use of the property. Homeowners do not apply to Flood Re directly; participating insurers use the scheme when providing eligible home insurance policies.
Build Back Better
Build Back Better is a Flood Re initiative that allows participating insurers to provide additional funding towards Property Flood Resilience measures when repairing an eligible home following a flood claim.
Depending on the insurer and policy, up to £10,000 may be available in addition to the cost of repairing flood damage. Funding can contribute towards surveys and measures such as flood doors, barriers and more flood-resilient materials.
Each insurer sets its own limits and requirements, so homeowners should check whether Build Back Better is included within their policy.
Commercial Flood Insurance
Flooding can affect much more than the physical fabric of a business. Damage to buildings, equipment and stock can also interrupt operations, restrict access and lead to lost income while repairs are carried out.
Commercial properties are not eligible for Flood Re, so businesses at greater risk of flooding may need support from specialist insurers or brokers. Cover can include buildings, contents and business interruption insurance, depending on the policy and individual requirements of the organisation.
Improving flood resilience can also help businesses demonstrate the practical steps they have taken to understand and manage their flood risk.
Improving Property Resilience
Property Flood Resilience measures are designed to help reduce the amount of water entering a property or minimise the damage caused if flooding occurs.
M3 Floodtec works with homeowners, businesses, insurers and other project partners to deliver measures suited to the property and its identified flood risk. This may include flood doors, barriers, anti-flood airbricks, drainage protection and other resistance or resilience solutions.
Where required, surveys, product information and supporting documentation can also help demonstrate the measures introduced when discussing flood risk with an insurer or broker.
How We Can Help
If you are looking to improve your property’s flood resilience, M3 Floodtec can help you identify suitable flood resilience measures designed around your property and level of risk.
Whether you are planning ahead, responding to recommendations from an insurer or using Build Back Better funding following a flood claim, our team can help you understand the available flood resilience measures and guide you through the next steps.
Useful Flood Insurance Resources
Flood Re provides information about flood insurance for eligible homes at higher risk of flooding, including its eligibility checker and details of participating insurers.
Build Back Better provides information about additional flood resilience measures that may be available through participating insurers following a flood claim.
MoneyHelper provides free and impartial guidance on flood insurance, including finding suitable cover and accessing specialist insurance support.
The National Flood Forum provides independent advice and support for people affected by flooding, including information about flood insurance and Property Flood Resilience.
Frequently Asked Questions
What is Flood Re?
Flood Re is a joint initiative between the UK Government and the insurance industry designed to help insurers provide more affordable flood cover for eligible homes at higher risk of flooding. Homeowners do not apply to Flood Re directly; eligible policies are offered through participating home insurers.
Is my property eligible for Flood Re?
What is the Build Back Better Scheme?
Can flood resilience measures help with insurance?
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