House Insurance

Treasury written question – answered on 8th June 2020.

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Photo of Shabana Mahmood Shabana Mahmood Labour, Birmingham, Ladywood

To ask the Chancellor of the Exchequer, if he will make an assessment of the potential merits of introducing interim rules for the building insurance market to prevent leaseholders having to pay unaffordable premiums until remedial works funded by the Building Safety Fund are completed.

Photo of John Glen John Glen Minister of State (Treasury) (City), The Economic Secretary to the Treasury

The Government is in continual dialogue with the insurance sector to understand and influence its response to this situation, and is encouraging insurers to do all they can to support customers experiencing these issues.

We are exploring all options to ensure that leaseholders are able to insure the buildings in which they live until remedial works can be completed.

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