To ask the Secretary of State for Housing, Communities and Local Government, if he will make representations to the Chancellor of the Exchequer on the provision of financial support to leaseholders of properties cladded in non-ACM flammable materials that have seen significant increases to insurance premiums following the Grenfell fire.
My Department is aware that some high rise residential blocks are experiencing difficulties in securing buildings insurance and that premiums have often substantially increased. Decisions concerning the pricing and availability of insurance remain commercial decisions for lenders. Engaging with an insurance provider or broker as early as possible is the best route to ensuring correctly priced insurance cover. However, the Government does recognise the impact which increased premiums is having on residents of some high rise residential buildings and will continue to explore what steps can be taken to deal with this issue.