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Property Developer Insurance

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18 10, 2024

How the Climate Crisis is Impacting the UK Property Insurance Market

By |2024-10-18T10:26:38+00:00October 18th, 2024|Climate Change & Insurance, Property Developer Insurance, Property Owners Liability Insurance|0 Comments

How the Climate Crisis is Impacting the UK Property Insurance Market in 2023-2024 The UK property insurance market is increasingly being reshaped by the climate crisis, with extreme weather events such as storms and flooding becoming more frequent and costly. Recent data from 2023 and 2024 highlights the financial strain on insurers and property owners alike, driven by more severe storms, heavy rainfall, and unpredictable weather patterns. Rising Claims Due to Extreme Weather In 2023, UK insurers faced record-breaking claims from weather-related damage. Storm Babet, which struck in October 2023, was one of the most destructive, causing extensive flooding and contributing to a surge in claims. The overall average cost per weather-related claim increased by 73% between 2018 and 2023, reaching a high of £143,178 per claim. This is largely attributed to more intense storms and heavier rainfall, exacerbated by climate change​ Home | ABI  Imperial College London. Get [...]

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21 07, 2024

Our Claims Partner, Aspray, Wins Loss Assessor of the Year 2024

By |2024-07-21T18:14:14+00:00July 21st, 2024|Building Insurance, Buildings Insurance, Making a claim, Property Developer Insurance, Property Owners Liability Insurance|0 Comments

Our Claims Partner, Aspray, Wins Loss Assessor of the Year 2024 We are delighted but not surprised to announce that our claims partner, Aspray, has won the prestigious “Loss Assessor of the Year 2024” award at the British Claims Awards. Aspray, a leading property damage claims management company, can act on your behalf when you need to make a claim. This marks the second consecutive year that Aspray has achieved this remarkable accolade, underscoring the company's exceptional service and dedication to excellence in the industry. Get a Quote Insurance under one roof We are specialists in many types of insurance The British Claims Awards, renowned for recognising excellence and innovation across the claims sector, bestowed the award upon Aspray in a ceremony that brought together industry leaders [...]

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19 03, 2024

Understanding Consumer Education and Property Insurance

By |2024-03-19T08:10:38+00:00March 19th, 2024|Property Developer Insurance, Property Owners Liability Insurance|0 Comments

Understanding Consumer Education and Property InsuranceAs an informed consumer, education on consumer rights and property insurance is crucial. It empowers individuals to make informed decisions about insurance coverage and understand their policy rights. Consumer education ensures that individuals are prepared and protected with the proper insurance coverage and are knowledgeable about the claims process. This guide draws on some information from America as well as the UK. Get a Quote Insurance under one roof We are specialists in many types of insurance Key TakeawaysConsumer education is essential for individuals to make informed decisions about insurance coverage and understand their policy rights.It empowers individuals to navigate the claims process effectively and avoid insurance scams.Consumer education programmes on disaster preparedness and contractor fraud are crucial to protecting property and preventing scams.Resources [...]

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12 07, 2023

How Climate Change May Affect Your Property Insurance In the UK

By |2023-07-14T10:16:45+00:00July 12th, 2023|Block Of Flats Insurance, Climate Change & Insurance, Home Insurance, Landlord Insurance, Property Developer Insurance, Residential Landlords Insurance|0 Comments

How Climate Change May Affect Your Property Insurance In the UK Climate change is an issue that affects us all, and its impact can be seen in various ways. One of the ways it can impact us is through our property insurance. With extreme weather events becoming increasingly common, insurers are facing new challenges in assessing and mitigating risks associated with climate change. As a property owner, it's important to understand how these changes can affect your coverage and rates. In this article, we will delve into how climate change can impact your property insurance in the UK. We will explore the potential changes in coverage and rates, as well as the steps you can take to mitigate these risks. We will also address common questions and concerns regarding climate change and property insurance. Get a Quote Insurance under one roof [...]

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29 06, 2019

Property Developer Insurance

By |2022-05-16T08:43:36+00:00June 29th, 2019|insurance, Property Developer Insurance, Uncategorized|Comments Off on Property Developer Insurance

Property Developer Insurance Whether you are a well-established property developer or someone starting a renovation project for the first time – do you know what property developer insurance is and why you should have it? In case you don’t here is a quick overview to help you. What is property developer insurance? Whether you are developing one property or lots of properties, experienced property developers know that even the best planned development can have things which go wrong or cause delays. Issues can arise which were not expected, such as an accident or injury on site to you, your employee or your contractor or the building may become damaged by a contractor and leave you months behind with a huge additional bill for repairs. Get a Quote Insurance under one roof We are specialists in many types of insurance [...]

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