To ask the Secretary of State for Housing, Communities and Local Government, what steps his Department is taking to tackle increases in building insurance premiums for leaseholders in high-risk buildings.
Answered on
13 February 2025
Buildings insurance premiums remain unacceptably high for many leaseholders in buildings with fire safety issues, who have been paying too much for too long.
My officials have already started working with the insurance industry, as announced in the Remediation Acceleration Plan, to consider whether, for the duration of remediation programmes, government might support industry to reduce fire related liabilities, in order to reduce the high insurance bills some leaseholders are facing.
We have also launched a public consultation on the introduction of a fair and transparent fee for leaseholders to pay to those who manage insurance for their buildings.