Soaring insurance premiums see leaseholders in high-rise buildings held ‘captive’

chained flats

Leaseholders do not have control over insurance price hikes for high-rise buildings - in some instances, this has increased from £12,000 to £180,000

Leaseholders in high-rise buildings have a lack of agency over their insurance premiums and for this reason should be deemed “vulnerable customers”.

Insurance prices have increased significantly meaning that some residents cannot pay these prices.

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