Unoccupied Property Insurance
For Unoccupied Property Insurance contact David Walton or Amanda Hemmings directly on 01707 883377 or email us on info@bromwall.com
No one wants to give me unoccupied property insurance?
Many insurers find unoccupied property insurance undesirable, however with our many contacts we can place this business at very competitive rates. It does not matter whether you have a commercial property or residential, Bromwall can find a solution.
Most policies will not cover an unnocupied property or only offer cover for a very limited period (usually 30 days). Once this has expired and if no tenants are lined up, alternative cover is required. Never be tempted to leave things – in the event of a claim, you will find you have no cover at all!
Things to consider when obtaining unoccupied property insurance:
- Security. Insurers will want to see a good level of physical security (good locks, maybe an alarm, shutters, etc). Remember – the risk of vandalism and arson is massively increased once a property becomes unoccupied. Bromwall will provide help and advice.
- Property owners liability. This is essential but often overlooked. You are responsible if someone is injured on the property or something falls from the roof, etc. This should be included on your unoccupied property insurance policy.
- Cover can in some cases be limited to FLEA (Fire, Lighting, Explosion and Aircraft). You must be aware the level of cover you have on your unoccupied property insurance.
- Terrorism cover. This should be considered on all policies. It is NOT standard cover. If you have a loan or mortgage secured on the property, your bank may insist on cover being in place.
What happens once my property becomes occupied again?
Inform us immediately. We will then review your cover (you may require loss of rent cover (essential if you have tenants)). Your unoccupied property insurance will then be changed into an occupied property insurance or we will review and transfer you to another insurer if we can obtain a more competitive quotation.
Savings can be shown on lare property portfolios and together with our unique presentations, you will be able to easily understand and be in control of your insurance requirements.
Call us today or send an email. We will be happy to call you back to discuss your unoccupied property insurance requirements or queries. We can look at all types of property insurance including student let, DSS or professional let properties.
