Price of tower block insurance finally slashed
Insurance premiums for leaseholders waiting for combustible material to be removed from their blocks of flats could plummet by up to two thirds following the launch of the Association of British Insurers’ Fire Safety Reinsurance Scheme today (13 March), according to Axa.
Almost seven years on from the deaths of 72 people in the Grenfell Tower fire in London, the ABI has launched it’s Fire Safety Reinsurance Scheme, designed by McGill and Partners.
The scheme was
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