Saturday, September 19, 2020

Cavere Insurance launches home insurance product backed by Flood Re

York insurance firm, Cavere Insurance, is one of the first brokers in the country to launch an affordable flood insurance product backed by Flood Re, the government and insurance industry supported not-for-profit scheme.

The brokers has successfully built and launched a buildings and contents insurance policy that provides affordable cover for homes affected by flooding.

In recent years, we’ve all seen how devastating a flood can be. Not only as the waters rise but afterwards too, as people struggle to find affordable insurance for their homes.

That’s why the Government has been working more closely with insurers in the UK, delivering a new way of dealing with and offering flood cover on home insurance through a not-for-profit scheme that’s funded by insurers.

The Cavere product offers cover up to £1 million for buildings and up to £60,000 for Contents with an excess of only £250 for flood claims. The product, underwritten by Ageas Insurance, one of Europe’s largest insurers is rated 5 stars by Defaqto, the independent financial research company.

Paul Thompson, CEO at Cavere, said: “I am delighted that Cavere has managed to be amongst the first in the country to offer a Flood Re backed product into the market. Being based in York we are only too aware of the impact flooding has on homeowners and their lives.

“What is great about the scheme is that homeowners in flood risk areas can now have the peace of mind knowing that their property is insured at an affordable price and the excess of £250 will not break the bank in the event of a claim.”

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 lockdown having a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £31.50 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.




Latest news

£1.1m engineering skills boost for Sheffield

In a national first, teenagers at UTC Sheffield will develop a new range of in demand high-level digital engineering skills following a £1.1 million...

Cable cleat manufacturer expands North Yorkshire headquarters

Cable cleat manufacturer, Ellis Patents, has invested £500,000 in a 25 per cent expansion of its North Yorkshire headquarters. The main element of the expansion...

Time Out: Spencer Coffin, director of Procure Direct

The weekend is just around the corner and that means another ‘Time Out’. This week Business Link talks to Spencer Coffin, director of Procure...

Yorkshire hydroelectric projects acquired

Two hydropower projects in Yorkshire have changed hands as part of a £4.74 million acquisition. The deal sees JLEN, a listed environmental infrastructure fund, swoop...

Leeds med-tech firm raises £2.2m via share placing

Surgical Innovations has successfully raised £2.2 million to reinflate working capital, invest in new product development and sustainability support initiatives. The AIM listed Leeds-based med-tech...

ITM Power part of major hydrogen partnership

Sheffield hydrogen specialist, ITM Power, is one third of a new partnership which aims to use the clean renewable fuel to help Scotland achieve...

Related news

£1.1m engineering skills boost for Sheffield

In a national first, teenagers at UTC Sheffield will develop a new range of in demand high-level digital engineering skills following a £1.1 million...

Cable cleat manufacturer expands North Yorkshire headquarters

Cable cleat manufacturer, Ellis Patents, has invested £500,000 in a 25 per cent expansion of its North Yorkshire headquarters. The main element of the expansion...

Time Out: Spencer Coffin, director of Procure Direct

The weekend is just around the corner and that means another ‘Time Out’. This week Business Link talks to Spencer Coffin, director of Procure...

Yorkshire hydroelectric projects acquired

Two hydropower projects in Yorkshire have changed hands as part of a £4.74 million acquisition. The deal sees JLEN, a listed environmental infrastructure fund, swoop...

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close