Branch² Intelligence
You'll soon need a Flood Performance Certificate to get affordable home insurance
Key takeaway
Flood Re introduces Flood Performance Certificates (FPCs) to unlock affordable home insurance for flood-risk properties.
- Step 1Flood Re mandates Flood Performance Certificates for affordable home insurance on flood-risk properties.
- Step 2Lenders incorporate FPCs into mortgage underwriting, making them a de facto requirement for property transactions.
- Step 3Demand surges for flood risk surveyors, retrofit contractors, and property-level flood defence products.
- Step 4Insurance premiums for compliant properties fall, while non-compliant properties face higher rates or denial of coverage.
Source: This Is Money
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