Buildings: Insurance

(asked on 15th December 2021) - View Source

Question to the Department for Levelling Up, Housing & Communities:

To ask Her Majesty's Government what plans they have, if any, to request property developers to reimburse leaseholders for any increase in buildings insurance premiums as a result of developers' failures to meet the necessary building and fire safety regulations.


Answered by
Lord Greenhalgh Portrait
Lord Greenhalgh
This question was answered on 31st December 2021

The Government is examining what more can be done to protect leaseholders from unnecessary costs. Regarding building insurance, we continue to press insurers to provide market solutions that enable customers to be able to find affordable premiums. Specific insurers have engaged with me over recent months and whilst these have been useful, we believe insurers could be more open to offering cover for new business.

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