This was despite the fact that cladding was fitted using the government’s own Green Homes Grant and has been certified
I bought my first flat in a four-storey block in 2017. The building had been fitted with insulating cladding two years previously using the government’s Green Homes Grant. The cladding has been certified as fire safe and is still widely used. Despite this, and the fact that the block is only 16 metres high, our existing insurer, Covéa, has refused to renew our cover.
We have found a new provider, Aspen, but it insists that we first remove the cladding at a cost of around £400,000 and then pay a premium of £109,000, which is 600% higher than what we were paying before. The sums have to be divided among 40 flats, which could be ruinous for some leaseholders. Our premiums, if anything, should have gone down because the building has undergone extensive remedial works to improve fire safety.