Question to the Department for Levelling Up, Housing & Communities:
To ask the Secretary of State for Housing, Communities and Local Government, if his Department will make support available to leaseholders whose building insurance premiums have increased since unsafe building materials were found following EWS1 surveys.
We are aware that some leaseholders are finding their buildings insurance premiums are increasing, or insurance is unobtainable, where their block has building safety concerns.
Ministers have met with senior representatives from the largest insurance companies. Ministers encouraged insurers to take a proportionate approach to risk and requested market solutions to address the issue. One of the largest insurers has recently stepped into this market.
The Government has provided an unprecedented investment of £5 billion to protect leaseholders from the costs of cladding remediation and ensure no leaseholder will ever pay more than £50 a month to remove cladding, as part of a new Government-backed scheme.
We will continue to engage with the insurance industry to address the issue of increased building insurance premiums and encourage them to take a proportionate approach to risk.