The government should act as an insurer of last resort and underwrite insurance where premiums have soared.
Insurance providers are backing away from covering buildings with dangerous cladding due to the fear of major losses in the event of a fire. Where providers are offering policies, premiums are being hiked by more than 1,000%.
This is a serious issue which could leave people homeless and requires state intervention to fix.
Originally posted in Inside Housing on 27/09/20 by Peter Apps
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