Examining whether flood insurance is affordable and available

Part of a series exploring whether households and small businesses at risk of flooding can access affordable flood insurance, compared to those at low / no risk.

From:
Flood and Coastal Erosion Risk Management Research and Development Programme and Department for Environment, Food & Rural Affairs
Published
24 February 2021
Category:
Managing flood incidents
Topics:
Community response and resilience, Flood costs, Flood risk assessment, Insurance, Resilience planning
Project status:
Completed
Project code:
FD2705
Date of completion:
31 March 2018

Documents

Availability and affordability of insurance for households - final report (2 MB) PDF

Availability of insurance for small businesses - final report (857 KB) PDF

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Details

This study is the third in a series assessing how affordable and available flood insurance is for households and small businesses at risk. It builds on the work of the previous two studies:

  • baseline study 2013 (FD2669)
    • a baseline study of households which assessed existing levels of availability and affordability of flood insurance for households
    • fieldwork took place August to September 2013
  • updated baseline study 2014 (FD2688)
    • an updated baseline study which assessed levels of availability and affordability of flood insurance for households, and availability of flood insurance for small businesses
    • fieldwork took place in autumn - winter 2014

This is the first project to be commissioned following the launch of Flood Re in April 2016. It aimed to assess whether flood insurance is affordable and / or available for households and small businesses at risk of flooding. This was compared to those at no or low risk.

It drew on previous studies to provide an update to the baseline studies and establish trends in these issues. It also analysed the impact on insurance affordability and availability of the introduction of Flood Re.

This project was commissioned as a one-off project, but was designed to confirm a robust and replicable method for future follow-up studies.

This project started in 2017 and was completed in 2018 at a cost of £40,470.

Published 24 February 2021
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