Property Owners insurance
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SubscribeWhy do Property Owners need bespoke insurance?
Rigorous and changing regulations, potential falls in capital or rental value, zero income periods on vacant properties to non-paying tenants or breakdowns in the supply chain all contribute to the complexity and challenges faced by property owners.
Unplanned and unpredictable events, including natural disasters and fire and water damage can also result in significant business interruption, impacting on your tenants ability to operate their business, adding further potential financial losses.
Commercial property owners have legal obligations which relate directly to insurance. Any breach of these obligations could result in your tenants pursuing a claim and seeking legal redress against you.
Why should Property Owners choose Griffiths & Armour?
As a property owner, investor, or facilities management specialist, tackling the challenges of risk management in your property portfolio is crucial. With a proven track record in the property and construction sector, our team offers a unique understanding of the diverse risks you encounter, from supply chain disruptions to cyber breaches. Whatever the risks, our experts provide tailored insurance solutions to safeguard your properties and enhance your business’s competitiveness.
We redefine brokering by offering more than just insurance. With a team of seasoned professionals, we provide proactive and comprehensive support, ensuring you receive personalised guidance and efficient claims management, every step of the way.
Beyond Protection
Beyond Protection is our end-to-end support designed to empower your business at every stage.
Our team gives you the tools to increase resilience and create peace of mind, no matter the challenge.
FAQs
If you own either a commercial or domestic property which is rented out to tenants then you will need a specific Property Owners policy as it is likely that your standard Homeowners or Commercial Combined policies will not provide cover for rental activities. A specific Property Owners policy can include coverage for Buildings, Landlord’s Contents, Rental Income and Property Owners Liability and Legal Expenses amongst other Landlord specific covers.
Property Owners Liability provides protection for Landlords if a tenant or member of the public is injured at your property and you are deemed to be responsible. Cover can include protection against claims, damages and costs which arise as a result of the incident.
Sums Insured have been under increasing scrutiny over the last 2 years with dramatic cost increases in the construction sector. When the property was purchased you may have received a reinstatement valuation which would give a guide on the sum insured, however these can become out of date if not regularly reviewed. We recommend that you undertake regular reinstatement valuations (every 3-5 years) using a professional surveyor to reduce the risk of underinsurance.
Our exclusive policy is designed on a modular basis so that cover can be tailored to meet your specific requirements. Depending on the nature of the property we can assess your exposures to ensure that you are meeting contractual obligations set by tenancy agreements and mortgage providers. In addition to covering damage to the structure of the property and your legal liabilities we also ensure that potential losses of rental income as a result of damage are included in the policy.
