Many insurers find unoccupied property insurance undesirable, however with our many contacts we can place this business at very competitive rates. It doesn't matter whether you have a commercial property or a residential one, Bromwall can find a solution.
Do you have a vacant property which is awaiting sale or probate? Or perhaps you have had to move out due to the property being extended or refurbished? Whatever the reason, it is vital to insure an unoccupied property in case something goes wrong. Could you afford to pay for damages if the property was targeted by thieves or vandals? What would happen if the property was destroyed by flood or fire?
Although you may already have property insurance in place, your existing policy is likely to be inadequate. The majority of insurers will not cover a property if it is left unoccupied for over 30 consecutive days. If you were to make a claim on your standard insurance, it is unlikely that your policy will respond. If your existing home insurer does agree to insure your property whilst it is empty, they would most certainly restrict the cover, so it's wise to obtain specialist cover from Bromwall for buildings and contents if you were intending to leave the property unoccupied for a length of time.
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. Insurers like to see that the property is in a good state of repair. Insurers will also strongly recommend that you remove all valuables from the property, set the heating to the frost setting during the winter to avoid burst pipes, drain the water system and ensure that you or perhaps a relative inspects the property regularly.
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.
Savings can be shown on large property portfolios and together with our unique presentations, you will be able to easily understand and be in control of your insurance requirements.
As unoccupied properties are, by their nature a non-standard insurance risk, we will ensure that the policy that we offer you is tailored especially for your situation. The staff at Bromwall have a high degree of knowledge in this field and know which schemes offer the best options for an unoccupied property.