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businessinsure

Property owners

Property owners risks come in all shapes and sizes, this might be a commercial property, industrial unit or residential premises from houses to block of flats, it might be a single property, multiple premises or even a mix of all.

Businessinsure at Clark Thomson understand the importance of protecting yourself and your assets from a single property to a large portfolio we have policies to cover your buildings, contents, public liability, legal expenses and loss of rent.

Whatever your needs are we can provide a quotation to tailor to your requirements including a range of cover for:

  • Buildings insurance
  • Contents – landlords or communal areas
  • Loss or rent and costs for alternative accommodation
  • Property owners liability

and much more

We also understand that whilst having the correct cover is key the most important part is ensuring you have an adequate and up to date rebuild value. As such it is important that you consider this when looking at any insurance.

Interested in finding out more? As one of the UK’s largest independent insurance brokers, contact some of our dedicated staff and let us do the we do the hard work, to make it easy for you.

Buildings Insurance

Whatever your property type, whether it be a commercial property or a residential property, a single property or a portfolio this will be a significant asset to you and you will need to ensure you have accurate building insurance cover in the event of a claim.

Things to consider when insuring a building:

  • Ensure you have an adequate and up to date rebuild value
  • Include fixtures and fittings
  • Level of cover required

Businessinsure at Clark Thomson understand the importance of this and can obtain a policy specific to you and your needs.

Why is the rebuild value  different from the resale value?

A resale value takes in to account a lot of factors such as the cost of the land, attraction, local schools, etc. whilst the rebuild value is the cost to rebuild the property.

Can I cover my Buy to let on a standard household policy?

The simple answer is no. Regular household insurance will not cover let properties and as such you will require a specialist landlords insurance policy.

Contents Insurance

Contents insurance provides cover in the event of loss, destruction or theft and much like buildings it’s important to ensure you cover this for the adequate amount.

Don’t forget those small items as these may individually not seem like much but imagine if you had to replace everything the small things will soon add up. Furniture and contents items can cost thousands of pounds to replace in the event of a loss so proper insurance is priority.

with Businessinsure at Clark Thomson Contents cover can be purchased as part of a complete Property Owners Insurance policy along with your buildings, liability and income.

Loss of Rent

Renting out a property provides a monthly revenue, if you suffered a loss at your property and your tenant was unable to live or trade from the premises how would this impact you financially?

Loss of rent cover provides protection for the financial loss you may suffer in the event that you are unable to rent out the property due to an insured loss at the premises such as a fire or flood.

Things to consider:

  • How much rental income do you receive monthly
  • How long would it take to rebuild the property
  • If the tenant found an alternative property how long would it take to find a new tenant.

Interested in finding out more? As one of the UK’s largest independent insurance brokers, contact some of our dedicated staff and let us do the we do the hard work, to make it easy for you.

Will loss of rent cover if I cant find a tenant?

No this cover is strictly when a property is tenanted and has suffered a loss which then makes it uninhabitable.

Property Owners Liability

Property owners liability provides indemnity to third parties who sustain injury, illness or disease or if any damage occurs to third party property resulting from an incident both on or linked to your premises.

This could be from a tile falling from the roof and damaging a car or someone tripping on a loose carpet in the foyer.

Property owners liability can cover the cost and damages awarded to third parties.

What we can cover:

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