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.
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.
Very friendly, helpful and understood our needs. Great service.
No, although cover may be restricted over time, there is no maximum period.
Contact your insurer or broker immediately to let them know. If you don’t, you risk facing issues should a claim occur.
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.
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.
Jon has been working in the insurance industry for over twenty five years. Starting with Aviva Insurance in 1991 in an accounts role Jon also…
Before joining Alan Boswell Group, Ben Howes worked for NFU Mutual. He worked his way up to being in the New Business team tasked with…
Allie began her career at Alan Boswell Group in 1998 as a Personal Lines Assistant. Since then, she has had a number of roles across…
Discover the insurance options designed to protect your commercial property including buildings and liability cover.
Commercial buildings insurance for landlords from a market-leading broker. We’ll search the market and compare quotes so you can choose the best insurance.
Flexible landlords insurance products from a market-leading broker. Compare quotes for your buildings, contents, and liability insurance for commercial or residential properties.
Provides insurance for non payment of rent in the event of a tenant defaulting as well as any landlord legal expenses cover of up to £100,000.
Landlord building insurance is a vital cover for your rental property we can search the market, compare quotes, and arrange your insurance so you get the best cover available.
Cover for residential properties that are unoccupied or that are being renovated.
A comprehensive guide to evicting a commercial tenant and regaining possession of your property.
What do you do when a commercial tenant stops paying the rent? Our guide gives you all the options.
A guide to all the law and regulations that commercial landlords need to know about.