What is Property Insurance?
Property ownership can be both personally satisfying and financially rewarding. But it comes with a wealth of risks, all of which need careful assessment and proper insurance. Every property owner is different, and faces a different set of hazards – from loss of income to arson. We work personally with our clients to find you an insurance solution that covers your individual requirements.
To give you an idea, here are some of the most common covers that we recommend to our clients seeking Property Insurance:
Property Owners Liability Cover
Imagine if a problem in one of your properties – such as subsidence or damp – spread to neighbouring buildings, or ended up causing an injury to a passer-by. You could find yourself facing a serious lawsuit and having to pay both legal costs and damages. Property Owners Liability Insurance makes sure you’re fully covered on this front.
Whether you live in your property or rent it to a third party, stolen or damaged contents can mean an unwelcome combination of stress and financial loss. The causes of such loss can range from deliberate vandalism or theft, to a flood or fire. Being fully insured for all your contents, from artwork to basic fittings –helps you sleep more easily.
Vacant Property Insurance
Due to the increased risks of vandalism, neglect, and accidental damage (such as fires and burst pipes), many insurers are reluctant to insure properties that are empty for more than 30 days. This can create an insurance gap that leaves many property owners and landlords vulnerable. As experienced brokers, BJP can anticipate such risks and make sure you’re fully protected.
Structural Works Cover
Renovations often go hand-in-hand with property ownership, whether you’re a private landlord, a home-owning individual or a developer. Especially in the case of structural renovations, it’s vital to have the right insurance in place in case something goes wrong. If you’re not sure what constitutes ‘structural change’, ask us.