Question to the Department for Levelling Up, Housing & Communities:
To ask the Secretary of State for Levelling Up, Housing and Communities, what discussions he has had with (a) property managers and (b) their professional bodies on mitigating high insurance costs for leaseholders.
The Department has continued to engage with the Association of Residential Managing Agents (ARMA) on the increasing insurance costs facing leaseholders. We believe that buildings insurance issues require leadership directly from insurers and the Association of British Insurers (ABI) and have engaged them in seeking evidence and solutions that could enable customers to find affordable premiums, for reasonable coverage.
In the Secretary of State's oral statement to parliament on the 10 January, he has asked Lord Greenhalgh to press the sector further on the increasing insurance costs facing leaseholders.