This article describes how some leaseholders face over a 1200% rise in their insurance costs due to the cladding on their building. The installation of cladding they had absolutely nothing to do with and are now facing huge amounts of stress and uncertainty. Their worries include remaining in their homes, money, mortgages not to mention the life safety concerns the cladding can potentially cause.
Interesting how Governments, banks and insurance companies do everything they can to make things as tough as possible by artificially inflating the price of assets and premiums year after year and then whenever the going gets tough, think only of themselves and make life as tough as possible for the majority.
These organisations take the biggest risks when things are going well and every thing is booming (although at our expense) and can decide to become completely risk intolerant on the flick of a switch. Like the bookies, the house rarely loses. People are being taken for fools.
