Why insurance is rising by up to 1,200 per cent for hundreds of thousands of people

Why insurance is rising by up to 1,200 per cent for hundreds of thousands of people

Insurance is soaring for a lot of people

Buildings insurance for hundreds of thousands of people has soared by huge amounts after the Grenfell Tower fire.

The Times reports that research by the Association of Residential Management Agents shows the biggest rise in insurance was at a block in Peckham, southeast London, where last year’s premium of £34,000 went up to £300,000 this year — a rise of 782 per cent. […]

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