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.
This article is usually available exclusively to subscribers.
For a limited period, you can enjoy all the benefits of an online subscription free for 14 days. Sign up now to read this article in full and to enjoy unlimited access to premium online content, a digital edition of the latest issue, plus an online archive of back issues.
Also, as a registered user, you will be able to -