Flood insurance is not just a financial product but a cornerstone of household and market stability. Without reform, growing risk and the eventual withdrawal of Flood Re will leave vulnerable households uninsured, businesses exposed, and communities at risk of economic decline. Uninsurable or repeatedly flooded properties risk becoming unmortgageable, depressing local housing markets and trapping families in unsellable homes. The Government must act now to secure a fair, resilient insurance s...

Flood insurance is not just a financial product but a cornerstone of household and market stability. Without reform, growing risk and the eventual withdrawal of Flood Re will leave vulnerable households uninsured, businesses exposed, and communities at risk of economic decline. Uninsurable or repeatedly flooded properties risk becoming unmortgageable, depressing local housing markets and trapping families in unsellable homes. The Government must act now to secure a fair, resilient insurance system that underpins recovery, incentivises resilience, and sustains access to housing and finance in a changing climate. (Conclusion, Paragraph 127) Type: recommendation | Number: 37 | Response status: not_addressed Government response: This government recognises that climate change and population growth has an impact on insurance. This is why we have committed to reviewing, by the end of this Parliament, whether a return to price reflective market from 2039 remains viable. The review will consi