Saga is covered by the Flood Re insurance scheme, so you can get more affordable home insurance if you live in a flood risk area.
If you live in a high-risk flooding area, you’ll know that for a long time the idea of insuring a home seemed at worst impossible and at best extremely costly. But, thanks to a government backed scheme that launched in 2016, home insurance for flood risk areas is now a lot more accessible – and a lot less stressful.
Flood Re is a joint initiative between the government and insurance providers that protects insurers against losses due to flooding. It was set up to help people protect their properties in high-risk flooding areas and means that some of the risk and cost of flooding is passed to another provider, not to you.
Flood Re is included as part of your Saga Home Insurance policy (if you’re eligible) so you don’t have to go through any extra steps to be covered.
You can get the full details around eligibility by visiting the Flood Re website.
Your property could be excluded from the Flood Re scheme if it:
Any insurer offering home insurance in the UK must pay into the Flood Re scheme. This raises £180 million every year that is used to cover claims for high flood risk home insurance policies.
There is also a standard £250 Flood Re excess fee you'll need to pay if a flood claim is made. This will replace the standard policy excess you've chosen, so you won't have to pay both at once.
If you want to find out your property’s flood risk, you can check the Environment Agency’s flood risk maps.
Luckily, if you’re in the process of buying a property, the seller has to disclose if water has entered the property or if it’s had any effect on the garden, driveway or surrounding land. If they don’t, they could have to pay damages worth tens of thousands of pounds.
You could also:
Yes, we may be able to offer you home insurance with flood cover if you live in a high-risk area.
If you wish to buy your home insurance for flood risk areas through Saga and you have experienced a flooding incident at your current property, then please call us on 0800 092 3298. If you live in a flood risk area and have not experienced a flooding incident, you can simply get a quote online.
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