Isn’t my regular commercial property insurance policy enough?
No, all commercial property policies will have a limit on the number of days the property can be unoccupied for (typically 30), at which stage cover will either reduce or become totally invalid.
Unoccupied commercial buildings are considered a higher risk by insurers. For example, there is an increased risk of squatting and vandalism. What’s more, without frequent checks on the premises, underlying issues with the building may become worse over time and therefore more costly to rectify. For these reasons, a specialist policy is required before insurers will pay out for a claim.
If you make a claim on your general commercial property insurance policy for a vacant building, you may encounter problems, as you could be in breach of your terms. Whilst unoccupied building insurance premiums are usually higher due to the perceived risk, having this cover will give you total peace of mind and financial support should the worst happen.
We are highly experienced when it comes to sourcing tailored unoccupied building insurance for businesses across the South and the rest of the UK. We have close ties in insurance market that allow us to source the most affordable, most comprehensive policies that match your exact requirements. Call us today on 01202 874 989 to discuss your requirements and arrange a free quote.