Frequently Asked Questions

The team at HomeGround have been liaising with the relevant authorities, managing agents and leaseholders to ensure we provide insurers with the relevant information in order to assess the risk, for example:

  • Age of building, height of the building
  • Type of cladding and insulation and the percentage of the building covered by the material
  • Details of any building defects
  • Detail of risk controls such as a waking watch, fire alarm or a close at hand full time fire brigade
  • Whether there is a remediation programme in place and the timescales of
  • Details of the EWS (External Wall Survey) if completed

There have been many media reports regarding buildings without broad insurance cover. The HomeGround team have been diligently working with Brokers and Insurers to ensure that we maintain comprehensive buildings reinstatement cover.

Whilst in some cases there are aspects of additional cover that have been compromised to save costs in terms of inflationary provisions and alternative accommodation limits we have been successful in securing full cover at the best available market rates.

We have agreement with insurers that upon completion of the remedial works that the risk will be reconsidered. With the risk reduced we can expect insurers to lower the premium.

As investigations into external wall systems continue at a pace across the UK, insurers are seeking greater clarity on the buildings they insure. On discovery of combustible materials or construction defects, insurers are increasingly reluctant to provide cover and are charging high premiums when they do.

The increased scale and potential for rapid fire spread is of major concern. As we see from fires in “high rise” buildings across the world it is particularly problematical for fire authorities to fight these fires effectively. Insurers will have expected to lose c.35% of a compliant building in the event of a fire, but where defects are present this is now estimated at much closer to 100%. With the likelihood of an expensive claim now increased, the cost to insure will certainly rise and in many cases insurance companies will be reluctant to provide any cover.

There has been focus on many different types of cladding such as ACM (Aluminium Composite Material) and HPL (High Pressure Laminate) which have grabbed many of the headlines in the press. Just as crucial is the type and combustibility of the insulation that is being used and the compartmentation of areas behind the cladding. Large cavities behind the cladding and ineffective fire barriers can allow fire to spread quickly and increase the scale of loss.

The team at HomeGround have been liaising with the relevant authorities, managing agents and leaseholders to ensure we provide insurers with the relevant information in order to assess the risk, for example:

  • Age of building, height of the building
  • Type of cladding and insulation and the percentage of the building covered by the material
  • Details of any building defects
  • Detail of risk controls such as a waking watch, fire alarm or a close at hand full time fire brigade
  • Whether there is a remediation programme in place and the timescales of
  • Details of the EWS (External Wall Survey) if completed

There have been many media reports regarding buildings without broad insurance cover. The HomeGround team have been diligently working with Brokers and Insurers to ensure that we maintain comprehensive buildings reinstatement cover.

Whilst in some cases there are aspects of additional cover that have been compromised to save costs in terms of inflationary provisions and alternative accommodation limits we have been successful in securing full cover at the best available market rates.

We have agreement with insurers that upon completion of the remedial works that the risk will be reconsidered. With the risk reduced we can expect insurers to lower the premium.

Please contact us insurance@homegroundonline.com with any queries.