UK Flood Insurance Scheme Extended Until 2039
• The UK government has extended the Flood Re insurance scheme to 2039 to ensure affordable flood insurance for homeowners.
• Flood Re, a public-private partnership, aims to keep properties insurable as climate change increases flood risks.
• Experts emphasize the need for accelerated climate change adaptation and individual flood resilience measures.
UK extends Flood Re scheme for homeowners
The UK government has prolonged the Flood Re insurance scheme until 2039, ensuring homeowners can continue to afford flood insurance. Established in 2016 as a collaborative effort between the public and private sectors, Flood Re aims to prevent properties from becoming uninsurable due to escalating flood risks. This extension offers a vital safety net as climate change intensifies flood risks across the UK.
Related News