Bureau Insurance Services, Plum, and Floodguards International have launched a policy called Flood Insure, to provide full household insurance cover for properties that have previously flooded or are in high-risk flood areas.
Bureau Insurance will survey each property. If local authorities or homeowners themselves have implemented defensive measure, Bureau said it would try to offer full household insurance.
If no defensive work had been carried out, Bureau said it would sometimes draw up its own proposals of what measures would be needed to protect the property and for insurance to be provided.
Bureau Insurance managing director Chris Jordan said: "If we believe that the future risk of flooding has been substantially reduced then we will aspire to offer full terms cover.
"At the moment thousands of properties are being `re-lined' because they have a flood claim; no one's looking to see if work has been carried out that really does minimise the risk."
A spokesman for City-based underwriting management company Plum, said the intention of the scheme was to consider each property on an individual basis.
"As underwriters we want to give homeowners the chance of insuring their buildings and their possessions, but we need to be reassured that future risks have been minimised."
"We are proactively trying to insure those properties that virtually all other insurers are declining," said Plum.
