Source · Select Committees · Environmental Audit Committee
Recommendation 37
37
Flood insurance system is inadequate, threatening household stability and market access without reform.
Recommendation
Flood insurance is not just a financial product but a cornerstone of household and market stability. Without reform, growing risk and the eventual withdrawal of Flood Re will leave vulnerable households uninsured, businesses exposed, and communities at risk of economic decline. Uninsurable or repeatedly flooded properties risk becoming unmortgageable, depressing local housing markets and trapping families in unsellable homes. The Government must act now to secure a fair, resilient insurance system that underpins recovery, incentivises resilience, and sustains access to housing and finance in a changing climate. (Conclusion, Paragraph 127)
Government Response
A response document is linked to this report, dated 23 December 2025. Response attribution to this recommendation has not been verified. Read the response document ↗