Which date marks the exclusion for houses built under the Flood Re scheme?

The correct answer is that the exclusion for houses built under the Flood Re scheme is marked by the date of 1 January 2009. This date is significant because it establishes the cutoff for properties that are eligible to be covered under the Flood Re initiative, which was designed to help homeowners in flood-prone areas access affordable insurance. Properties built after this date are not eligible for coverage under the Flood Re scheme, meaning that owners of these newer homes may need to seek alternative options for insuring against flood risks.

Understanding the context of the Flood Re initiative is essential, as it aims to provide support for high-risk properties, but also delineates this boundary of exclusion to manage the scheme's sustainability and effectiveness. It is important for homeowners and insurers to be aware of these dates when considering insurance options in flood-affected areas, as they directly influence coverage decisions and availability.