In accordance with FSA rules, all building insurance is placed through local approved award winning Insurance brokers. The brokers research the Property Management buildings insurance market and obtain at least three competitive quotes for consideration and approval. Property Owners (Lessees) are advised to have their own contents insurance policy. Generally, we don’t make a charge for administering property insurance claims. If a property becomes empty, it is essential that we are notified immediately. If a property is left without an occupant for more than 30 consecutive days, insurers will not pay for any claim arising under Malicious Damage, Damage to Water Installations, Theft of the Perils Insured and Glass of the Extensions to the Policy. We will also make sure your property is insured for the correct amount by undertaking Insurance rebuild cost assessments to keep the sums insured accurate so you are not paying too much for your insurance or insuring your building for too little which could lead to the insurance company not fully paying a claim.

It’s also essential that we are notified if a property is let. Non-disclosure of such information may invalidate your insurance.

However, there can be some exceptions which if informed the buildings insurance may continue to cover empty properties. These might include:

If the gas, electricity, oil, and water supplies are turned off & the water system is drained down when the property is not being used. If the property is visited & inspected regularly etc. So it is imperative we inform the insurance company on your behalf if there are any changes to the occupancy of your property to make sure cover is in place.

If you are unsure of your responsibilities in respect of Insurance please contact us.