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Property Owners Liability Insurance

Get expert information about Property Owners Liability Insurance from the insurance team at Property Insurance Centre. Get your questions answered.

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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4 01, 2024

Emerging Property Insurance Trends 2024

By |2024-01-04T12:46:17+00:00January 4th, 2024|Block Of Flats Insurance, Buildings Insurance, Landlord Insurance, Property Owners Liability Insurance|0 Comments

Emerging Property Insurance Trends 2024 Welcome to our guide on emerging trends in the property insurance industry. As we dive into the evolving landscape of property insurance, it's important to stay informed about the latest trends and challenges affecting the market. From rising property losses due to weather conditions and natural disasters to the impact of inflation and reinsurance costs, there are significant factors shaping the property insurance industry in 2024. In this article, we will explore the key trends that are influencing property insurance rates, coverage limitations, and market outlooks. By understanding these emerging trends, you can better navigate the property insurance landscape and make informed decisions to protect your assets. So, let's dive in and explore the forces driving change in the property insurance industry worldwide. Get a Quote Insurance under one roof We are specialists in many types [...]

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2 12, 2022

Storm Insurance

By |2023-05-31T10:56:42+00:00December 2nd, 2022|Home Insurance, Property Owners Liability Insurance|0 Comments

Storm Insurance? With the onset of Storms and their given names making the headlines on the Weather News, now, in storm season, it’s a good idea to know what you are covered for in the event of a claim. So what does Storm Insurance actually cover on a standard insurance policy, and what should you look out for on your insurance policy wording?  So what is a Storm? A storm can be defined as a period of violent weather defined as: Wind speeds with gusts of at least 48 hours or Torrential rainfall at a rate of at least 25mm per hour; snow to a depth of at least one foot in 24 hours or; hail of such intensity that it causes damage to hard surfaces or breaks glass. What are you insured for under a Standard Property Owners Policy? Every insurance policy has subtle and not so subtle [...]

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30 11, 2021

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

By |2021-11-30T10:24:54+00:00November 30th, 2021|insurance, Property Owners Liability Insurance|3 Comments

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 [...]

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13 02, 2020

17 property insurance loopholes you need to know about today

By |2024-07-18T07:39:32+00:00February 13th, 2020|Home Insurance, Insurance Loopholes, Property Owners Liability Insurance|0 Comments

This expert guide walks you through the potential property insurance loopholes that insurers will exploit, to reduce their claims' exposure. As a property owner, you might be surprised by some of these potential pitfalls. By Robert Fisher Reading time: 6 minutes Version: USA Your insurance policy has been purchased and so you can rest easy, or can you? If you have purchased the correct policy with the right amount of cover, and added all the required information accurately, plus invested some time to check the finer points then should the worst happen, you will be fine. This is the principle of indemnity. If on the other hand, you get any of this wrong, your mistake could end up costing you hundreds of thousands to reinstate a building following a large loss. It is all in the finer details. This guide dives right into the loopholes and pitfalls you can encounter [...]

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28 06, 2019

What does Property Owners Liability Insurance Cover?

By |2022-05-31T11:33:32+00:00June 28th, 2019|insurance, Property Owners Liability Insurance, Uncategorized|Comments Off on What does Property Owners Liability Insurance Cover?

What does Property Owners Liability Insurance Cover? This is commonly used by Commercial and Residential landlords to give them liability cover against compensation claims from tenants and members of public who can make a claim against them if they are injured on their premises or damage is caused to surrounding properties. It covers any areas that are owned by you such as car parks, land as well as communal areas such as stairs, etc. This is normally insurance purchased by landlords and if you are a tenant or business owner who rents your premises from someone it is worth checking that your landlord has Property Owners Liability Insurance. What Can Property Insurance Centre do for Property Owners? Since 1976 Property Insurance Centre have provided excellent rates and cover for Commercial and Residential Property Owners. Not only can we provide protection with regards to public liability but also provide additional [...]

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3 08, 2016

What is Property Owners Liability Insurance?

By |2020-07-23T14:33:18+00:00August 3rd, 2016|Homepage Blog, Property Owners Liability Insurance|0 Comments

Property Owners Liability - What is it? Essentially property owners’ liability insurance policy protects landlords and property owners for claims made against then in relation to their legal liability for personal injury or property damage suffered by third parties and arising from the policyholder’s ownership of the property. As a property owner you have a legal responsibility to ensure that your property is well maintained and does not present unnecessary risks of injury or property damage to either tenants, visitors to the premises or members of the public outside the building. What level of cover do I need for property owners liability insurance? Each policy has what is known as a limit of indemnity, i.e the maximum amount that will be paid out in the event of a claim occurring. The policy will also include legal costs associated with the defence of a claim, in some cases these are [...]

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