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Architects fear extra cost of building reforms will land on their shoulders bdonline.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bdonline.co.uk Daily Mail and Mail on Sunday newspapers.
Safety reforms set to make PI 'even harder and more expensive' | News bdonline.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bdonline.co.uk Daily Mail and Mail on Sunday newspapers.
Share Tony Hazell replies: While water leaks can be devastating, they are very common and insurers pay out around £1.8 million on these claims every single day. For this reason, firms will often impose large excesses on them. Unfortunately, while the water appears to have come from the flat above you, the leaseholder disputes liability and I m afraid you will find it very difficult - and expensive - to prove him wrong. Roger Flaxman, a chartered insurance practitioner, says suing him would end up costing far more than the £3,042 sum. But after I made contact with it, Allianz has paid you back the excess. It is going to pursue this, along with the other costs, in a claim against the builders who were carrying out the work at the time. ....
Share Premiums have risen by up to 1,600 per cent on apartment blocks wrapped in flammable cladding, while some have had their cover pulled completely. Those without buildings insurance risk their homes being repossessed because they may be in breach of their mortgage terms. Hundreds of thousands of leaseholders face average bills of up to £40,000 each to fix fire safety defects identified in the wake of the Grenfell Tower fire, which killed 72 in west London in 2017. But they are already haemorrhaging £2.2billion a year in total on stop-gap safety measures and insurance. Homeowners say these costs are emptying their bank accounts before they are slapped with hefty repair bills. ....