Buildings: Insurance

Department for Levelling Up, Housing and Communities written question – answered at on 28 March 2024.

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Photo of Mike Amesbury Mike Amesbury Shadow Minister (Levelling Up, Housing, Communities and Local Government)

To ask the Secretary of State for Levelling Up, Housing and Communities, what discussions officials in his Department have had with their counterparts in the Treasury on the potential merits of introducing a Government-sponsored building safety insurance pooling scheme.

Photo of Lee Rowley Lee Rowley Minister of State (Minister for Housing)

The Government is very aware that leaseholders in some affected buildings have been burdened with paying extremely high premiums for too long. We have repeatedly called for an industry-led scheme.

It has taken far too long but the Fire Safety Reinsurance Facility is due to launch on 1 April and the Government will monitor the implementation and impact of the Facility and will remain engaged with industry regarding whether any further steps may be required.

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