Being based in York makes us only too aware of the impact flooding has on homeowners and their lives. Which is why at Cavere we were keen to be one of the first to provide a product for brokers to offer their clients when it launched in April 2016.
The facility has been built into our magenta platform so there is no change to how you obtain a quote but rather than decline for flood it will now seamlessly cede the risk in the background and provide a price for the risk. (*subject to meeting the Flood Re eligibility criteria).
In recent years, we’ve all seen how devastating a flood can be. Not only as the waters rise but afterwards too, as people struggle to find affordable insurance for homes.
That’s why the Government has been working more closely with insurers in the UK, delivering a new way of dealing with and offering flood cover on home insurance through a not-for-profit scheme that’s funded by insurers.
1. The insurance contract must be held in the name of, or on trust for, one or more individuals or by the personal representative of an individual;
2. Have a domestic Council Tax band A to H (or equivalent);
3. Used for residential purposes;
4. Have an individual premium;
5. The holder of the policy, or their immediate family, must live in the dwelling for some or all of the time (whether or not with others) or the dwelling must be unoccupied;
6. Built before 1st January 2009 (if a building is demolished, built pre 1st January 2009, and rebuilt, the new property is still eligible);
7. Located within the UK comprising England, Wales, Scotland and Northern Ireland (excluding the Isle of Man and the Channel Islands).