Unoccupied Building Insurance
Unoccupied Building Insurance – Protecting Your Property With Comprehensive Cover
Owning an unoccupied property comes with unique risks. Whether your building is empty due to renovations, awaiting tenants or in probate, having suitable unoccupied building insurance in place is essential. We specialise in offering tailored solutions to safeguard your vacant property, ensuring peace of mind during periods of short-term un-occupancy.
What Is Unoccupied Building Insurance?
Unoccupied building insurance is designed to cover properties that are left vacant for an extended period. Many standard commercial property insurance policies exclude cover for buildings that are empty beyond a set duration, typically 30 to 60 days. This specialised cover provides financial protection against various risks that unoccupied buildings face, ensuring that property owners are not left vulnerable.
Why Do Insurers Consider Unoccupied Buildings a Higher Risk?
An unoccupied building is naturally at a greater risk of damage and loss. With no regular occupancy, issues like leaks, fire hazards, or vandalism can go unnoticed, leading to significant damage before they are addressed. The absence of daily activity also makes these properties a prime target for squatters and thieves. Because of the increased risks, standard insurance policies are often unwilling to extend coverage – making unoccupied building insurance a necessity.
What does Unoccupied Building Insurance Cover?
A comprehensive unoccupied building insurance policy typically include protection against:
- Fire, Lighting & Explosion – Covering property damage from fires, lightning strikes, explosions, earthquake and aircraft impact.
- Property Owners Liability – Protects you against claims if someone is injured on your property.
Additional Cover Options
Depending on your needs, we may be able to arrange a policy to include insurance extensions, such as:
- Storm & Flooding – Protection against severe weather conditions.
- Escape of Water & Burst Pipes – Essential for colder months when pipes are at risk of freezing.
- Vandalism & Malicious Damage – Prevents financial loss due to deliberate destruction or defacement.
- Theft & Attempted Theft – Cover for stolen fixtures, fittings and break-in damage.
- Legal Expenses Cover – Helps cover legal costs associated with property disputes or eviction proceedings.
Why You Need Unoccupied Building Insurance
Not having appropriate cover for your unoccupied property could result in significant financial loss. Many standard insurers will void policies if the building remains unoccupied beyond their allowable period, leaving you exposed to serious risks. Unoccupied building insurance ensures that your asset remains protected.
Tailored Insurance Solutions
Every property is unique, and so are its risks. That’s why we don’t believe in a one-size-fits-all approach. As an experienced insurance broker, we work closely with you to understand your specific requirements and arrange a policy that fits with your need to provide the most appropriate level of protection for your unoccupied building.
The Benefits Of Working With A Trusted Insurance Broker
Arranging unoccupied building insurance can be difficult depending on the unique particulars of an individual property. When you choose to work with us, you benefit from:
Expert Guidance
Our insurance account managers understand the market and help you find the right cover making the process hassle free.
Access To Top Rated Insurers
We only work with trusted and highly rated insurance providers.
Competitive Pricing
We negotiate on your behalf to secure the best possible premium.
Get A Competitive Quotation Today
Don’t leave your unoccupied property vulnerable. Contact us today to discuss your insurance requirements and receive a competitive, tailored quotation. Let us help you protect your investment with the right unoccupied building insurance policy.