By Tom Lowe2021-04-07T11:04:00+01:00
Insurers will not be allowed to exclude fire safety claims on buildings of four storeys or less from next month
The Royal Institution of Chartered Surveyors (RICS) has introduced new insurance terms which improve fire safety cover for professional indemnity insurance (PI).
The minimum policy wording and insurance rules, which came into effect at the beginning of the month, have been targeted to help chartered surveying firms hit by fire safety exclusions.
The new rules came into effect last week
Under the new rules, from 1 May, insurers will not be allowed without specific exemption to exclude fire safety claims on properties four storeys or less.
Has it ever been harder to get on the property ladder? thisismoney.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisismoney.co.uk Daily Mail and Mail on Sunday newspapers.
April 06, 2021 at 12:54 pmBy Graham Brandwood
Whilst there are too many shops on our high streets and the future of the office at a point of change PDR doesn’t seem the right route to solve other issues such as housing, open space, and properly planned regeneration of town centres. It’s just a quick win to continually kick the can on proper planning.
April 06, 2021 at 12:59 pmBy B Wilder
I agree that this is a poor policy but I can’t help thinking that planners inability to make quicker decisions and move with changing demands has contributed to Government thinking on this.
Government s Help to Buy policy for first time buyers began a new era on April 1
Banks poised to launch 95% mortgages backed by the state this month
But the Chancellor s stamp duty holiday has sparked a recent buying frenzy
Proportion of first-time buyers fell 12% between July and December on last year
Saving for a deposit is currently the biggest barrier to home ownership
Built environment bodies urge PM to reverse new planning freedoms architectsjournal.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from architectsjournal.co.uk Daily Mail and Mail on Sunday newspapers.