MP secures ‘Gove promise’ to act on leaseholder insurance claims misery
Cambridge’s MP has secured a promise for action on punitive insurance premiums for leaseholders.
In February, Daniel Zeichner met residents at Pym Court to discuss the ‘rapidly escalating’ building insurance costs faced following the completion of post-Grenfell fire safety remedial work.
At the time, he said: “It is clear to me that the insurance market is not delivering for leaseholders, with residents facing costs incommensurate to the level risk involved.”
Also in February, the Labour MP referred in Parliament to the 4.5 million leaseholders affected by dramatically increased premiums, many of whom in situations where “their lives have been ruined by an appalling situation caused by a mixture of deregulation by government, the greed of some developers and their failure to take responsibility, and continued inaction by government to address the situation”. He referred to issues not just at Pym Court but also at The Belvedere on Hills Road and Grand Central on Rustat Road.
A fire safety survey conducted at Pym Court did not find serious fire safety problems nor flammable cladding on the building.
Last week, Mr Zeichner again raised the issue with the Leader of the House of Commons Mark Spencer.
Then, on Monday, Mr Zeichner called on Michael Gove, the Secretary of State for Levelling Up, to take action to address the punishing insurance premiums still being imposed on some Cambridge residents living in leasehold properties impacted by the ongoing uncertainty around post-Grenfell fire safety measures. Despite the properties being safe, many leaseholders still face excessive home insurance fees, with companies reluctant to provide cover.
In response, Mr Gove said he would be seeking to “move the landscape forward” by speaking to representatives from the insurance and mortgage sectors.
Mr Zeichner said: “Following the Grenfell tragedy, many leaseholders have endured years of problems, extra costs and uncertainty. This is through no fault of their own, and government mismanagement has made the situation worse.
“Too many are finding that they are expected to pay punishing insurance premiums despite living in safe homes. Michael Gove has now promised the situation will improve and I will be holding him to his word.”