Insurance has quintupled this year because of the fire safety issues. Have we only used the Savills broker or have we tried others?

UK Cladding Action Group (UKCAG) report similar insurance problems on other affected sites.

 

A board member made informal inquiries of another development’s broker, but reported the same issue. Our freeholder also checked with their brokers and reported the same. The Board will, however, check formally with an alternative broker on an alternative premium as soon as possible. Insurers are now reluctant to offer any insurance. We need a Government guarantee to underpin insurance, as has happened in areas subject to regular flooding. We were represented at the recent All Party Parliamentary Group (APPG) Meeting on cladding on January 9th, where this issue was raised.