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Unoccupied Commercial Property
Cover for property risks associated with unoccupied property risks.
Risk Types Available
• To be sold
• Awaiting letting
• To be renovated
• Contents cover available
• To be owner occupied
Target Markets
This product is designed to provide flexible underwriting for all unoccupied residential property risks
• To be sold
• Awaiting letting
• To be owner occupied
• Pending probate settlement
• Contents cover available
• Properties undergoing structural and/or non-structural renovations
Three levels of cover to choose from:
Level 1
• Fire, lightning, explosion, earthquake or aircraft.
• Subsidence, ground heave or landslip (unless specifically excluded at quotation stage)
• £250 excess increasing to £1000 in respect of subsidence
• Property owners liability upto £2m
Level 2
• Full standard cover with cover limited for theft, malicious damage and escape of water to £2,500
• Subsidence, ground heave or landslip (unless specifically excluded at quotation stage)
• £250 policy excess increasing to £1000 in respect of escape of water and £1000 in respect of subsidence
• Property owners liability up to £2m
Level 3
• Full standard cover including theft and malicious damage
• Subsidence, ground heave or landslip (unless specifically excluded at quotation stage)
• £250 policy excess increasing to £500 in respect of escape of water and £1000 in respect of subsidence
• Property owners liability £2m
Not Suitable For
• Grade 1/A Listed Buildings
• Occupied properties
Insurers Available
• AmTrust Europe Ltd.
• AXIS Specialty Europe SE
• HCC International Insurance Company Plc
Commission Terms
Up to 25% commission
Risk Transfer
Risk transfer cascades to brokers with an ABACUS agency. Sub-broking only allowable with written authority
