What does a Lift Inspection Policy cover?
What does a Lift Inspection Policy cover in conjunction with a Purpose Built Flats Insurance Policy?
Lift Inspection policies will often accompany a Purpose Built Flats Insurance Policy, and for good reason. Although some Purpose Built Flats Insurance policies will provide some cover to machinery and plant for material damage cover, they will not provide any assistance should the lift break down. They will also provide inspection twice yearly in most cases, which is a legal requirement. It therefore makes sense to ‘bolt-on’ an additional Lift Policy to your Purpose Built Flats Insurance.
A good Lift Policy will provide the Policy Holder cover for both Inspections every 6 months & Plant Protection.
LOLER stands for Lifting Operations and Lifting Equipment Regulations. It is a set of regulations in the UK that ensure the safe use of lifting equipment in the workplace.
As these regulations place certain duties on people or companies who may own, operate or have some control of lifting equipment, a good lift policy that will accompany a Purpose Built Flats Insurance Policy, is essential. It will ensure that the LOLER Regulations are fully complied with, without the need for second guessing.
Inspections
Under LOLER Regulations, lifting equipment inspections will need to be carried out by competent persons. The person should have experience & a complete understanding of what potential problems may arise and how to mitigate those risks – this is where a Lift Insurance Policy will be beneficial.
A lift Insurance Policy will prove 6 monthly inspections of your Lift Equipment and provide certification of such inspections. This will ensure that you are compliant and most importantly, keep your lift users safe!
If you do not comply with LOLER it is considered a criminal offence under UK Law. Failure to comply can therefore result in extremely harsh penalties , and can even go as far as imprisonment in the most severe of cases.
Plant Protection
The plant will be protected from breaking, distortion or burning out of any item whilst in ordinary use arising from either mechanical or electrical defect in the item causing its sudden stoppage. This can also include the fracturing of any part of the plant by frost when as a result, it is rendered inoperative. It should also include the complete severance of a rope forming part of the plant designed for lifting (but not the breaking or abrasion of individual wires or strands even if this necessitates the replacement of such rope).
Cover under this section will be defined under certain policies as the following:
- Sudden and unforeseen damage (SUD) – Damage to Plant which necessitates immediate repair or replacement to enable normal working to continue
including Damage caused by Breakdown, Explosion and Collapse. - Extraneous Damage – Damage to Plant which necessitates immediate repair or replacement to enable normal working to continue
excluding Damage caused by Breakdown, Explosion or Collapse. - Breakdown – Damage to any item of Plant caused by its own Breakdown.
- Explosion & Collapse – Damage to any item of Boiler and Pressure Plant caused by its own Explosion or Collapse.
Many Lift Policies will also give cover for Debris Removal which may not be available under a Purpose Built Flats Insurance Policy, in respect of damage to the lift itself. Such cover may include the following:
- Removing Debris
- Dismantling or Demolishing
- Shoring up or Propping of equipment
Be sure to tune into our director talking about the main points about block of flats insurance.
Please contact us if you would like to discuss your options or if you would like to add a Lift Insurance Policy to your Purpose Built Block of Flats Insurance Policy.
Why choose the Property Insurance Centre
Independent advice by approachable staff online or by phone
Access to a wide range of insurers to source suitable insurance cover for your needs
Bespoke Insurance Schemes & Portfolio Policies available
We can tailor your policy to suit your exact needs to give you complete peace of mind
Competitive Premiums
Cover available for the buildings while the property is being converted, renovated or extended
Over 40 years experience working with the best insurers in the UK
Excellent communication so that you understand what risks you are insured against
Why choose the Property Insurance Centre
Independent broker with staff you can speak to by phone or online
Access to a wide range of insurers to source suitable insurance cover for your needs
Bespoke Insurance Schemes & Portfolio Policies available
We can tailor your policy to suit your exact needs to give you complete peace of mind
Competitive Premiums
Cover available for the buildings while the property is being converted, renovated or extended
Over 40 years experience working with the best insurers in the UK
Excellent communication so that you understand what risks you are insured against
Why choose the Property Insurance Centre
Independent broker with staff you can speak to by phone or online
Access to a wide range of insurers to source suitable insurance cover for your needs
Bespoke Insurance Schemes & Portfolio Policies available
We can tailor your policy to suit your exact needs to give you complete peace of mind
Competitive Premiums
Cover available for the buildings while the property is being converted, renovated or extended
Over 40 years experience working with the best insurers in the UK
Excellent communication so that you understand what risks you are insured against
Specialists in Commercial & Residential Insurance
We have over 40 years experience as Residential and Commercial Insurance Brokers. We find the right policy to suit your needs and understand the risks that a property owner can face in the course of ownership. We work closely with our Insurers to get the best rates and our experience and excellent relationships with them mean that we can provide cover for even the most difficult to place risks.
Whether you have an adverse claims history, a high value property or a large portfolio of properties, we can source suitable cover for you. Whatever your requirements, we can tailor a specialist property insurance policy to suit your exact needs and provide you with a range of quotes to choose from. Established in 1976, we are not a call centre but a specialist insurance broker with a traditional office mentality, where the client comes first.
Looking for a quote now? Give us a call on 0800 085 3761 or complete one of our quote request forms.
We are also authorised and regulated by the Financial Conduct Authority and you can view our registration here.
Get In Touch:
[contact-form-7 id="12585" title="New Callback"]We accept most payment types including:
Contents
- 1 What does a Lift Inspection Policy cover?
- 2 What does a Lift Inspection Policy cover in conjunction with a Purpose Built Flats Insurance Policy?
- 3
- 4 Insurance under one roof
- 5 We are specialists in many types of insurance
- 6 Block of Flats
- 7 Unoccupied
- 8 Home Insurance
- 9 Residential Landlord
- 10 Land Liability
- 11 Commercial Property
- 12 Lockup Garage
- 13 Restaurant
- 14 Takeaway
- 15 Classic Car
- 16 Mixed Use
- 17 Tradesmen
- 18 Why choose the Property Insurance Centre
- 19 Independent advice by approachable staff online or by phone
- 20 Access to a wide range of insurers to source suitable insurance cover for your needs
- 21 Bespoke Insurance Schemes & Portfolio Policies available
- 22 We can tailor your policy to suit your exact needs to give you complete peace of mind
- 23 Competitive Premiums
- 24 Cover available for the buildings while the property is being converted, renovated or extended
- 25 Over 40 years experience working with the best insurers in the UK
- 26 Excellent communication so that you understand what risks you are insured against
- 27 Why choose the Property Insurance Centre
- 28 Independent broker with staff you can speak to by phone or online
- 29 Access to a wide range of insurers to source suitable insurance cover for your needs
- 30 Bespoke Insurance Schemes & Portfolio Policies available
- 31 We can tailor your policy to suit your exact needs to give you complete peace of mind
- 32 Competitive Premiums
- 33 Cover available for the buildings while the property is being converted, renovated or extended
- 34 Over 40 years experience working with the best insurers in the UK
- 35 Excellent communication so that you understand what risks you are insured against
- 36 Why choose the Property Insurance Centre
- 37 Independent broker with staff you can speak to by phone or online
- 38 Access to a wide range of insurers to source suitable insurance cover for your needs
- 39 Bespoke Insurance Schemes & Portfolio Policies available
- 40 We can tailor your policy to suit your exact needs to give you complete peace of mind
- 41 Competitive Premiums
- 42 Cover available for the buildings while the property is being converted, renovated or extended
- 43 Over 40 years experience working with the best insurers in the UK
- 44 Excellent communication so that you understand what risks you are insured against
- 45 Specialists in Commercial & Residential Insurance
- 46 Get In Touch:
- 47 We accept most payment types including:
- 48 UK Call Handlers & Dedicated New Business Team
- 49 Call Us on 0800 085 3761
