Compare home insurance quotes for properties in flood risk areas
Flood insurance is a part of any standard home insurance policy and covers you for damage and losses caused by flood water.
If you make a successful claim for flood damage, your insurer will pay out to repair or rebuild your home and to replace destroyed possessions covered by your policy.
Flood cover on your home insurance could help you in the following scenarios:
Historically, it was difficult to find reasonably priced cover if your home had previously been hit by a flood.
The Association of British Insurers launched the Flood Re scheme in 2016 to combat this. Flood Re help insurance providers offer more affordable flood risk insurance policies.
Under the scheme, your insurer pays out if you make a valid claim for flood damage, but it can then claim back a proportion of the money from the Flood Re fund. This reduces the insurer’s financial risk, so it can offer you cheaper cover.
It depends on whether you take our buildings insurance, contents insurance or both and cover varies from insurer to insurer.
Read the policy details to see what you'll be covered for before taking out a policy.
Flood cover under buildings insurance can pay for:
Flood cover on a contents insurance policy will include repairs or restoration for your household items. This included things like:
Any items worth more than your policy’s single article limit will need to be listed separately on your policy.
If you want cover for valuable items like jewellery, gadgets, bikes or musical equipment you'll need to tell your insurer and probably pay an additional premium.
Home insurance policies don’t all offer the same level of cover and some types of cover will only be available as an optional extras. For instance you might not be covered as standard for:
Check your policy details or speak to your insurer to make sure you're getting the cover you need.
The cost of home insurance with flood cover varies, depending on how close you live to water.
The average annual cost of home insurance for those within 150 metres of water is £182.
Homes over 400 metres away pay £157 on average.*
If you're home has flooded before it may cost you more than before you suffered any flooding. You might be able to get cheaper quotes if measures are taken to reduce to the possibly of water entering your home.
You can make a claim for flood damage by:
If you're a student or a tenant renting a property, it's your landlord’s responsibility to insure your building for damages by flooding. If you own the contents of the rented property, you'll need to have your own contents insurance.
In the event of flood damage, business insurance may cover the cost of repairs and restoration to your business premises.
If you rent your premises, it's your landlord’s responsibility to provide building cover. It's your responsibility to insure your business’s contents however.
*The average price paid for home insurance annually through GoCompare in October 2020, depending on the property's distance from water. For properties within 150 metres of water, it was £182.61. For properties up to 400 metres away it was £173.47. For properties more than 400 metres away from water it was £157.44.
Page last reviewed: 15 March 2021
Next review due: 15 June 2021