Unoccupied Commercial Property Insurance

We are unoccupied commercial property insurance experts. If you need advice call us or request a quote online.

0845 365 1264

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	Excellent premiums		Renovation, Extension & conversions covered
	Monthly installments available.		Bespoke unoccupied schemes
	Low prices with value-added policies.		Specialist advice to ensure you get the right cover.

Unoccupied Commercial Building Insurance is much more difficult to obtain than standard Commercial Property Insurance it is likely that cover will be limited and security requirements will be stricter. The security requirements for unoccupied property are often more onerous than for Commercial Buildings and Contents Insurance and the cover available is often restricted to Flea cover (Fire, Lightning, Earthquake& Aircraft).
When quoting for this type of cover the insurers will require answers to all the standard underwriting questions such as construction, age, location and previous claims. They will also pay special attention to the tenant of the building and in particular their use of it. Normally shops & offices have the lowest rating with factories and premises where goods are manufactured being the highest. It is nevertheless possible to obtain cover for unoccupied commercial buildings.

Unoccupied Property Insurance has become very much a specialised area and insurance for empty commercial buildings has become hard to obtain. Many insurance companies are just not prepared to meet the risks associated with unoccupied property.

Unoccupied commercial buildings are particularly unattractive to insurers underwriters in view of the increased chances of theft and malicious damage and without heating in place the threat of burst pipes also increases. Unoccupied Home Insurance is easier to place but will generally come with additional terms and conditions such as draining the heating system and turning of the mains water of ensuring heating is kept on to prevent freezing

Empty buildings fall in to several categories, some are domestic homes on the market awaiting sale and often empty property insurance is only needed for a short time. Short term insurance is not attractive to underwriters because of the small premiums ratio in return for the cover offered.

When selecting an insurer for unoccupied property is important to disclose all relevant facts, tell them exactly why the property is vacant and provide them with a schedule of any works to be done. Non disclosure of material facts can result in your policy being voided and any claims declined.

Before obtaining a quote we recommend that you consult a surveyor to obtain an up to date reinstatement value. Under insured properties will result in any claims value being reduced. If you require unoccupied house insurance you can obtain an up to date reinstatement value by visiting the building cost information website (BCIS)

Contact UKinsurancenet on 0845 365 1264and speak to one of our highly experienced consultants who will be pleased to give you a quotation. Or use our online service for instant results