Unoccupied Property Insurance that’s Right for You

Owning an unoccupied building can pose serious liabilities as unoccupied buildings are more susceptible to vandalism, undetected repairs, fire, and other losses. If you own unoccupied property, it is advisable to purchase unoccupied property insurance.

Risks

• Fire
• Lightning damage
• Explosion
• Windstorm or hail damage
• Smoke damage
• Theft and attempted theft
• Riot or civil commotion damage
• Escape of water
• Subsidence
• Vandalism (no one is present to deter vandals)
• Malicious mischief on the property and general property destruction

 

Insurance Solutions

Under most policies, unoccupied property insurance can provide protection if your building goes unoccupied for thirty days, but bespoke arrangements can be made. You may also be able to choose the length of cover (3, 6, 9 or 12 months) to ensure that you only pay for what you need. This protects against liabilities in the event, someone is injured on your property and claims damages.

This is also a viable option if the property is in the process of being sold or if it is under construction and is uninhabitable.

Depending on your policy, there may be certain conditions that must be met in order for a claim to be covered. For example, specific lock requirements and security devices fitted throughout the property. At Trevellyan we will make sure that you know all the limitations and requirements of your insurance policy.

Purchasing cover for an unoccupied building:

• Regularly inspect the property for damage or threats of damage
• Make sure you have window locks and 5-lever mortise deadlocks to secure the property
• Install alarm systems triggered by intruders, fires and floods
• Remove all valuables
• Switch off utilities

How We Can Help

We understand that unfavourable incidents can occur, but unoccupied property insurance can provide the necessary protection that you need. We offer a range of policy that is suitable for you. Contact us today at 02075376603 for more details or leave us an email at [email protected] to get your quote.