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Flood Re halves premiums for low-income households

Flood in UK street
Gettyimages

Flood Re will more than halve contents insurance premiums for some lower-income households as part of a major overhaul that ministers say will make flood insurance fairer, reward resilience and prepare the scheme for its planned closure in 2039.

From April 2027, the premium for contents-only policies in council tax bands A and B will fall from £52 to £25, as part of the biggest overhaul of the flood reinsurance scheme since it launched a

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