Is there a maximum period of time the property can be unoccupied?

No, although cover may be restricted over time there is no maximum period.

What happens if the property becomes occupied?

Contact your insurer or broker immediately to let them know. If you don’t, you risk facing issues should a claim occur

If I know my property will become unoccupied in the future; should I take out unoccupied insurance?

This depends on the length of time until it becomes unoccupied and also how long the property will be unoccupied for. Our experts will take the time to understand your situation and advise on the appropriate course of action.

What are the insurance requirements/conditions when a property is unoccupied?

Each insurer will vary, but in practice it is common sense to take precautions to reduce risk e.g remove waste, switch off utilities, secure property, regular visits/inspections etc

Unoccupied Commercial Property Insurance

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Business Business Insurance Property Unoccupied Commercial Property Insurance

Unoccupied commercial property insurance covers insurance for vacant property and property undergoing renovations. An unoccupied commercial property policy is often more difficult to arrange compared to a standard commercial property insurance policy.

Many insurers are reluctant to provide cover for vacant properties and as a result, premiums can often be significantly higher in comparison to a premises that is occupied. While cover may appear to be relatively easy to obtain, in reality when you check the small print you may find that cover is restrictive. The same applies when a property moves from occupied to unoccupied; while the existing insurer may give a short period of full cover, they could quickly restrict this.

Seek professional advice and guidance on how to protect your assets correctly, this is where we can help.

Wide acceptance criteria
Unique scheme with wide coverage
Independent advice
Access to multiple insurers
Coverage for residential and commercial portfolios

Speak directly to our team

01603 218000

Send an enquiry

Jon Preston

Account Executive

Allie Wilton-Lowe

Team Leader

Ben Howes

Account Executive

The Alan Boswell Group Difference

Alan Boswell Group understand commercial property owners business and the associated issues you face. As such, we have worked with insurers to create a bespoke product aimed at well-managed vacant property. We will take the time to understand your circumstances and will provide expert advice and solutions for you.

How our customers rate us

4.8/5

358 reviews

Very friendly, helpful and understood our needs. Great service.

Mr Kannan, Property Owners Insurance

Managing unoccupied commercial properties

Please review our short guide to managing an unoccupied property.

Read our guide now

FAQs

Is there a maximum period of time the property can be unoccupied?

No, although cover may be restricted over time, there is no maximum period.
What happens if the property becomes occupied?

Contact your insurer or broker immediately to let them know. If you don’t, you risk facing issues should a claim occur.
If I know my property will become unoccupied in the future; should I take out unoccupied insurance?

This depends on the length of time until it becomes unoccupied and also how long the property will be unoccupied for. Our experts will take the time to understand your situation and advise on the appropriate course of action.
What are the insurance requirements/conditions when a property is unoccupied?

Each insurer will vary, but in practice it is common sense to take precautions to reduce risk e.g remove waste, switch off utilities, secure property, regular visits/inspections etc.