The Intermediary – August 2026 - Flipbook - Page 75
P RO T E C T I O N
Opinion
New Prime
Minister,
new direction?
A
change in Prime
Minister oen brings
renewed optimism,
fresh policy
priorities, and plenty
of speculation about
what lies ahead for homeowners and
the housing market.
While political transitions rarely
have an immediate impact on home
insurance premiums, the wider
economic and regulatory decisions
made by a new Government can
influence the insurance landscape.
For mortgage brokers and financial
advisers, this presents an opportunity
to have broader conversations with
clients about protecting one of their
most valuable assets.
The biggest factors affecting
home insurance costs continue to
be: inflation, severe weather, rising
repair costs and the increasing price
of building materials. However,
Government policy can play an
important supporting role.
Investment in housing, planning
reform, flood defences and
infrastructure resilience can all
contribute to reducing long-term
insurance risks, while economic
measures that help control inflation
may ease pressure on claims costs.
Any new administration is also
likely to review consumer protection
and financial regulation. Greater
emphasis on transparency, fair pricing
and resilience within the insurance
sector could result in further changes
to how insurers assess risk and
communicate with customers.
Political change also tends to
encourage homeowners to review
their financial arrangements. While
discussions oen focus on mortgage
rates or property values, insurance
should not be overlooked. Many
policyholders renew automatically
each year without checking
whether their cover still reflects the
current rebuild cost, recent home
improvements or changes in personal
circumstances.
This creates a valuable opportunity
for advisers and brokers to reinforce
the importance of comprehensive
Navigating a changing political environment can be nerve-wracking for home buyers of all kinds
STEPHANIE DUNKLEY
is development director
at Safe & Secure
protection alongside mortgage
borrowing. A competitively priced
policy is important, but so too is
ensuring clients understand policy
exclusions, excesses and optional
extras such as accidental damage or
home emergency cover.
Seeking trusted advice
For firms looking to provide added
value without increasing their
workload, partnering with a specialist
insurance provider can make all
the difference.
Safe&Secure Home Insurance
is perfectly positioned to
support mortgage brokers and
financial advisers by providing a
straightforward referral solution
for clients seeking quality
home insurance.
By referring clients, advisers can
be confident their customers will
receive expert guidance, competitive
cover options and a smooth, hasslefree experience, allowing brokers
to focus on what they do best while
ensuring their clients’ homes are
properly protected.
For first-time buyers especially,
navigating a changing political and
economic environment can feel
uncertain. Helping clients understand
that home insurance is more than
simply a lender requirement
strengthens the advisory relationship
and demonstrates a commitment to
holistic financial planning.
While it remains to be seen how the
new Prime Minister Andy Burnham’s
policies will shape the economy, one
thing is certain: change oen prompts
consumers to seek trusted advice. ●
August 2026 | The Intermediary
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