30 11, 2021

8 simple property insurance mistakes you don’t want to make


8 simple property insurance mistakes you don't want to make Homeowners who make errors when purchasing an insurance policy may have their claims denied, even if the errors are not their fault. Even mistakes made when purchasing a home insurance policy through price comparison websites are accounted for, even if they are not the customers' fault. The problem is that an insurer believes they were not informed of a "material fact" about a property. What constitutes a significant factor varies by insurer, but it is basically anything that would cause them to refuse to insure you. Here are a few examples that occur frequently: 1. The property's age If an insurer discovers that an edifice is more recent than it appears, the initial offer will be lowered because the house is regarded as less risky. If a claim is made, the insurer has the right to deny it if [...]

8 simple property insurance mistakes you don’t want to make2021-11-30T10:24:54+00:00
4 11, 2021

Insure Our Future campaign’s report


Insure Our Future campaign’s report The Insure Our Future campaign has published its 2021 strategic plan on insurance, climate change, and fossil fuels; this is the organization's fifth annual report on insurers' climate policies. "Insurance Business" describes the results obtained by 30 insurance companies in the most recent rankings in this section. The German group Allianz is leading the pack in terms of phasing out fossil fuel insurance; the French companies SCOR and AXA in terms of divestment in fossil fuels; and Aviva, headquartered in the UK, emerges as the leader compared to other climate leaders. Get a Quote Insurance under one roof We are specialists in many types of insurance The following companies are doing well, according to Insure Our Future, a study on the role [...]

Insure Our Future campaign’s report2022-04-26T13:29:57+00:00
28 10, 2021

Here’s what you need to understand and insurers and risk management


Insurers have a very black and white view of risk. They ask, "Is the property occupied?" This means whether or not there is someone in there and whether or not there are daily activities there. As a result, most of the time, insurers use their experience to ask clients, "Is the property occupied?" The builders are there every day, so the property is occupied, prompting questions such as "No, are you there?" "Is anyone trading here?" and "Is the property rented?" And you get a lot of responses because they know that if a property is empty, the risk increases and their premium rises. So insurers are very black or white, it's either empty or it's not. Are you trading or not? If you're not, you're going to have to pay an extra premium for a simple level of cover. Or if they're there, and they're trading in some [...]

Here’s what you need to understand and insurers and risk management2021-10-28T12:01:44+00:00
13 10, 2021

How your tenants habits can affect your landlord’s insurance


How your tenants habits can affect your landlord's insurance We all have personal habits. Some are more desirable than others and some are considered not only to be unhealthy but they may also affect your landlord's insurance policy. Take two minutes to find out how! Is the professional tenant's habit, such as smoking or drinking alcohol, a risk factor for the premises? Not surprisingly, smoking causes a large portion of the fire risk. Lying on the sofa with a cigarette in one hand and not putting it out, can result in a house fire. And those are at the top of the list because they are fairly common. So what a lot of insurance companies are doing is putting a little clause in the insurance policy saying that you must not smoke in your rental agreement, which is becoming more and more common. If a claim is made it [...]

How your tenants habits can affect your landlord’s insurance2022-04-26T13:55:44+00:00
8 09, 2021

How do insurers manage uninsured properties post-lockdown?


How to manage the increase in the number of insurance applicants after lockdown? Due to COVID-19, lockdown and the effects on the economy, many people are not sure of their own financial positions. Their job may have been under threat or they weren't sure of their financial future. There has been a lot of uncertainty. So we had found when we came out of the pandemic, we ourselves decided to come back into the office and the easing of the lockdown restrictions of the pandemic, we got a flood of business. One of the key questions in insurance is: "How long have you owned the property and how long has it been between your last policy? So basically, has it been uninsured?" And quite a lot, I would say 30 to 40% of the time, are a new business where our customers who had not insured over the previous [...]

How do insurers manage uninsured properties post-lockdown?2022-04-26T14:16:25+00:00
27 07, 2021

How insurance has been affected by the pandemic


Here are some ways how insurance has been affected by the pandemic With the larger insurers- I must admit, the likes of Aviva, the Axis and Ageas, the biggest impact I've seen is really they're just scaling back the risk. So we get a lot of renewals, the large composite insurers, which are the Aviva's and Axis, and all that type. Ageas. They're scaling back their risk exposure. So they're not keen on offering renewals. Scaling back risks That's obviously due to the pandemic, a direct result of the pandemic in the sense that they've had large business interruption claims that they're possibly going to have to payout. So perhaps maybe, they have a risk, where- I'll just take a simple example. Maybe a property is right beside the sea. They see that now as a risk or more of an exposure than before quite simply because there's a [...]

How insurance has been affected by the pandemic2022-04-26T14:21:27+00:00
16 06, 2020

Second Home Insurance


Second Home Insurance Having a second home can be a fantastic place to spend your weekends or summer holidays. A second home is obviously different than a first home or main residence, and that is why you will require the correct Second Home Insurance policy to make sure you are covered against various risks. Property owners who have second homes can do a number of things: Rent out on a 6 month AST – Landlord Insurance Rent out for short terms period – also known as holiday letting Use it themselves as a weekend or holiday retreat – no letting If the second home is being used precisely as that – quite literally your own second home that only you will use (also known as a holiday home), there are some important things to consider. So, what are they? Well, if you are fortunate enough to own a second [...]

Second Home Insurance2022-05-05T09:23:38+00:00
1 06, 2020

Back to work? Check your Retail Insurance


Back to work? Check your Retail Insurance! As the days and weeks go by, those of us who have been working remotely might be starting to hear some extra noise when the windows are open, due the current sunshine & heat. From March 23rd things got very quiet in most parts of the UK. There was no more morning rush, buses and cars had come to a halt not even venturing outside their driveways or curb side. There is now a different feel…quite literally there is more noise. Construction workers can now be heard with clanging throughout the day on metal or concrete. That noise before was often drowned out by the ‘other’ noise that will surely & inevitably return. However, slowly at this stage, one feels there are steps being taken (slow steps) to get everyone back to normality. There is an air of positive that has been [...]

Back to work? Check your Retail Insurance2020-06-01T15:44:21+00:00
16 05, 2020

Insurance for Flats


Insurance for Flats During these unprecedented times, money is tight! Probably more so than ever for many of us but that doesn't mean you should take lesser insurance for flats if you live in a block or are responsible for its management. With the prospect of redundancies on the horizon due to business cashflow problems, furloughed employees getting 80% of their usual wage, businesses being forced to shut up for good in many cases and the recent announcement of Chancellor Rishi Sunak that we may be entering a deep recession, many of us will be tempted to skimp on luxury items we once took for granted. Although ‘tightening your belt’ is no bad thing, there are things you should not skimp on. Just remember when things get bad, there is the potential for them to get a heck of a lot worse when the next storm or flood arrives [...]

Insurance for Flats2022-05-05T09:30:42+00:00
5 11, 2019

Block Insurance


Block Insurance Our Block Policies will cover you for Property Owners Liability Alternative Accommodation Loss of Rental Income Legal Cover is optional Communal Contents Our Block Policies are Flexible You can add or remove certain covers as required Lift inspection policies can be bolted on If you have claim we can provide a claims handler who works FOR YOU not the insurance company! We will Insure any type of block Converted Block of Flats Purpose Built Block of Flats Blocks with Commercial Unit below Block with mixed Tenant type Owner Occupied Blocks of Flats Get a Quote Insurance under one roof We are specialists in many types of insurance What is block insurance? Block Insurance is for property owners or management companies with multiple connected properties.  The [...]

Block Insurance2022-05-05T09:33:50+00:00
27 04, 2020

What is HMO Insurance?


What is HMO Insurance? HMO insurance is normally described as a landlord's property which is shared among a number of unrelated people. HMO is an acronym which stands for House in Multiple Occupation. HMO insurance provides the correct insurance. Some HMO properties will require a license – this will normally be the case where the HMO is 3 storeys high and when there are at least 2 different & distinct households & where there are at least 5 unrelated people living there. Landlords of this type of building will require HMO Insurance - Get a Quote For HMO Insurance  A license is obtained from the local authority and will be carefully inspected to ensure it meets the relevant safety standards, such as Gas Safety Smoke alarms Carbon monoxide alarms When a property is deemed to be an HMO and the very fact that licenses are sometimes required, can often [...]

What is HMO Insurance?2022-05-05T10:44:07+00:00
17 04, 2020

Government Support for Self-Employed


Coronavirus self-employed help is a very hot topic right now. As there is such a large volume of information to digest in terms of support for businesses from the Government, as your broker we wanted to bring the below to your attention as we feel it is particularly pertinent. This scheme for self-employed will allow you to claim a taxable grant worth 80% of your trading profits up to a maximum of £2,500 per month for the next 3 months. This may be extended if needed. Who can apply for Government Support for Self-Employed You can apply if you’re a self-employed individual or a member of a partnership and you: • have submitted your Income Tax Self Assessment tax return for the tax year 2018-19 • traded in the tax year 2019-20 • are trading when you apply, or would be except for COVID-19 • intend to continue to [...]

Government Support for Self-Employed2022-05-05T09:36:35+00:00
9 04, 2020

What should my Business Insurance Cost?


Business Insurance Cost When choosing insurance for your business, there will be two main questions that you may be asking: How much does Business Insurance Cost? What does Business Insurance Cover me for? To answer these questions, it is important to understand that every business has its very own particular risks that may not be similar to another. Therefore, the premium may differ as it' s not a once size fits all approach! How much will my Business Insurance Cost? In order to get the best premium for your Business Insurance, it is important to show your insurer (or potential insurer) that you have been trading with little to no hick-ups along the way - and by that, we mean you have a clean record with little in the way of claims. This will demonstrate to your insurer that you know what you are doing and that you know [...]

What should my Business Insurance Cost?2022-05-05T09:39:02+00:00
24 06, 2020

Covid updates


COVID Updates Clients experiencing financial difficulties On the 18th May 2020, the Financial Conduct Authority introduced new measures for insurance and premium finance firms to help clients in financial difficulty.  Should you be experiencing financial hardship, or if things change at work or home, we may be able to help by: Re-assessing your demands & needs Reviewing levels of cover Adding or removing optional covers such as legal expenses Adding or removing people on your policy Where amendments to your insurance cover does not alleviate your payment difficulties, you should contact your finance provider directly as further support may be available, which could potentially include: The possibility of deferring payments (refer to FAQ’s) Reduced repayments, or rescheduled term Waiving missed or late payment fees Amending your repayment date without any cost Reducing interest payments It is important that customers do not leave themselves uninsured, so we encourage you to [...]

Covid updates2022-05-05T09:45:06+00:00
24 03, 2020

Government Support for Coronavirus


Government support for Business Interruption As there is such a large volume of information to digest in terms of support for businesses from the Government, as your broker we wanted to bring the below to your attention as we feel it is particularly pertinent. CORONAVIRUS BUSINESS INTERRUPTION LOAN SCHEME The new Coronavirus Business Interruption Loan Scheme supports SMEs with access to working capital (including loans, overdrafts, invoice finance and asset finance) of up to £5 million in value and for up to 6 years. The government will pay to cover the first 12 months of interest payments and any lender-levied fees, so smaller businesses will not face any upfront costs and will benefit from lower initial repayments. The government will provide lenders with a guarantee of 80% on each loan (subject to a per-lender cap on claims) to give lenders further confidence in continuing to provide finance to SMEs. This [...]

Government Support for Coronavirus2020-06-05T13:29:00+00:00
9 03, 2020

Do I need to insure an Unadopted Road?


Do I need to insure an Unadopted Road? There is a Legal Duty to insure these roads, but this does not fall on the highway authority under the Highways Act 1980. The legal duty for unadopted road insurance falls upon the owners of the road – and this normally means the owners of any properties that front that particular road. The reason for this onus to insure is not on the highway authority, is because although these roads may be a public right of way, they simply do not belong to the public road network. How can I insure an unadopted road? Normally, if you do own one of these properties that fronts an unadopted road, it is common for a resident’s association to be formed. The resident’s association will then be responsible for maintenance and general upkeep of the road, ensuring it is safe for members of the [...]

Do I need to insure an Unadopted Road?2020-05-11T16:25:57+00:00
26 02, 2020

Better Landlords Insurance Prices


How to get better Landlords Insurance prices! If you are looking for a Landlords Insurance NI Policy you might ask, "What insurance do I need & how can I save money?" Always remember in addition to getting the right policy, you should take note of some of the important legal aspects, relevant laws and Fire Safety Practices that are expected not only by your tenants but by your insurer also. Apply good practice to your Landlord Property and it will even save you some money along the way! If you have a few flats in the same block - a block can be a converted house also, be sure to check out the information on our block of flats insurance page.It is common knowledge that landlords have a level of responsibility for tenants in a typical rental property. However, landlords should also know that safety and more specifically Fire [...]

Better Landlords Insurance Prices2020-05-12T09:15:15+00:00
13 01, 2020

Can you insure a garage?


Can you insure a Garage? Believe it or not, this is an extremely common question! Mostly, garages that are within the boundaries of the main property residence are insured automatically and included within the buildings sums insured specified. However there is an ever growing need for standalone garage insurance – what we mean here is, insurance for garages that are outside the boundaries of a home. This is mainly due to: Garages that are rented out to tenants Garages that are not listed on the same property deeds as the main residence Garages that are rented out to tenants Garages can be a superb investment opportunity. Once frowned upon as an investment, they are now extremely popular with a steady rental yield which will appeal to investors. The market value has also increased substantially in recent years, primarily due to a surge in their demand, driven by an increase [...]

Can you insure a garage?2022-05-05T10:45:50+00:00
8 01, 2020

Is it more expensive to insure a listed building?


Is it more expensive to insure a Listed Building? The two most common questions we are asked at Property Insurance Centre (PIC) in relation to Listed Building Insurance are: Is it more expensive to insure a listed building? What does insurance cost on a grade 2 listed building? To answer these questions, it is important to understand what listed buildings are & the various categories of listed buildings there are: Listed Building Categories Grade 1 – These are buildings of exceptional special interest Grade 2* - These are particularly important buildings of more than special interest Grade 2 – These are buildings of special interest, warranting every effort to preserve them Straight away you will see which one will carry to most risk for insurers & therefore might cost more if it require reinstatement! Get a Quote Insurance under one roof [...]

Is it more expensive to insure a listed building?2022-05-05T10:48:53+00:00
3 01, 2020

How much is the average house insurance?


How much is the average house insurance? This is a fairly subjective questions and there are many factors to consider when looking at premiums for all homes, including older properties & for new build insurance policies. These factors, will or course be considered by the insurance company or insurance broker. The insurer, however which avenue you pursue, will take into consideration some of the following factors: Please note the list is not exhaustive, but it will generally give you a basic idea as to why your premium is lower of higher than that of your workmate! Age of the building How many years you have owned the building Claims experience Postcode (some areas carry a higher risk that others) Rebuilding costs Amount of contents insured Amount of personal possessions insured away from the home We get told over and over, that their friend is paying cheaper insurance – but [...]

How much is the average house insurance?2022-05-05T10:50:20+00:00
30 12, 2019

Get your Property Winter Ready


Get your property Winter Ready Now is the time to take the appropriate measures before the worst of the weather arrives. Especially if you are a Commercial Property Owner, business owner or the person responsible for the maintenance & upkeep of a Commercial Building, if it’s a full repairing and insuring lease for example. Commercial Buildings, are actually one of the most neglected types of building there are in the UK. The reasons for this are varied & range from: Confusion as to who is responsible Owner not on site daily if it’s on long lease One thing is for sure, however, claims will increase the cost of insurance premiums & reduce the chances of getting the best cover with the best insurers. Property maintenance and getting the property Winter Ready, will help reduce the chances of you needing to make a claim greatly! Get a Quote [...]

Get your Property Winter Ready2021-10-19T18:50:24+00:00
23 12, 2019

Wear and Tear on Landlords Insurance


What is the definition of Wear & Tear in a Landlord Policy? Wear & Tear is often claimed for and always turned down by insurers. That’s because Wear & Tear is a maintenance issue. Maintenance is the responsibility of the Landlord and a Landlord’s Policy is not a maintenance contract. However, wear & tear is open to interpretation and we aim to shed some light on what it actually is & what influences it! If not Wear & Tear, what am I actually insured for? Well, every policy wording will have a list of ‘insured perils’. These are what you as a Landlord are insured for. Example may be Fire, Malicious Damage or Theft. Your policy wording will expressly state that wear & tear is not covered. Get a Quote Insurance under one roof We are specialists in many types of [...]

Wear and Tear on Landlords Insurance2022-05-10T14:16:32+00:00
18 12, 2019

Christmas Opening Times


Property Insurance Centre Christmas Opening Hours 2021 24th December - 9am- 1pm Christmas Day - Closed Boxing Day - Closed 27th December - Closed 28th December - Closed 29th December - 9am - 1.00pm 30th December - 9am - 1.00pm 31st December - 9am - 1.00pm New Years Day - Closed 1st January - Closed 4th January - 9am - 5pm PLEASE REMEMBER IF YOU INTEND TO RENEW ONLINE TO RENEW YOUR POLICIES EARLY - WE CAN ONLY PROCESS THE RENEWALS AND CONFIRM COVER WHEN WE RETURN ON THE NEXT WORKING DAY. Wishing you all a Merry Christmas and a Happy New Year! Insurance under one roof We are specialists in many types of insurance Block of Flats [...]

Christmas Opening Times2021-12-10T10:49:30+00:00
17 12, 2019

Escape of Water Insurance


Escape of Water Insurance Escape of water is one of the most common types of claim there is on a buildings insurance policy, including Home Insurance, Block of flats Insurance and Landlords Insurance. It is therefore important that you have this cover under your current buildings policy. It can be a horrible experience & all of your floors, walls & ceilings take the brunt of it! The most common cause is burst pipes from cold weather & of course leaks from the bath or bathroom causing damage to the room below. Do not Panic! If you are reading this, hopefully you will have taken the most important step – turn the water off! If you are reading this and have no need to make a claim, why not act before disaster strikes with escape of water: CHECK where your Stopcock is CHECK the insulation of the pipes and tank [...]

Escape of Water Insurance2022-05-10T14:18:56+00:00
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