Cavere Insurance launches FloodRe enabled Home Insurance – Insurance Age

Product for brokers is underwritten by Ageas.

Cavere Insurance has launched a buildings and contents insurance policy that it said provides affordable cover for homes affected by flooding.

According to the company its new policy comes as the main broker software houses lag behind the direct to consumer propositions.

The product offers cover up to £1m for buildings and up to £60,000 for contents with an excess of £250 for flood claims.

The new offering is underwritten by Ageas Insurance.

Commenting on the launch, Paul Thompson, chief executive officer at Cavere said: “I am delighted that Cavere has managed to be amongst the first in the country to offer a Flood Re backed product into the market for brokers.

“What is great about the scheme is that homeowners in flood risk areas can now have the peace of mind knowing that their property is insured at an affordable price and the excess of £250 will not break the bank in the event of a claim.”