Unoccupied Property
Insurance
Insurance for property owners across Devon, Cornwall and the UK.
Insurance tailored for you
Protect yourself with our leading insurance plans for property owners
Why do you need unoccupied property insurance?
Unoccupied property insurance is a specific type of insurance policy for when your premises or your home is left unoccupied for longer than your regular policy allows (usually 30 days). With a specific unoccupied policy, you can leave the property vacant until your policy ends.
Most standard home insurance providers will not provide cover during periods of vacancy, or if the property is left unoccupied for any reason. With specialist empty property insurance, you can rest assured that your property is covered whilst not in use.
There will be times when your home or business premises may be unoccupied, whether through renovation, refurbishment, a second or holiday home, between tenants, an extended business trip, or for, business properties, when first purchased, seeking a new tenant. Standard insurance policies typically only over your property when unoccupied for a specific, short period of time.
In the event of a claim, not having the correct policy in place could be very costly. We can help you choose the right insurance products to cover your business needs and requirements. From business buildings insurance through to landlords’ contents insurance and property owners’ liability cover.
What does insuring an unoccupied premises protect you against?
Unoccupied premises insurance can protect me against:
- Damage caused by nature such as floods or storms
- Fire
- Burst pipes
- Vandalism
- Theft
- Squatters
There are likely to be some things to bear in mind with any unoccupied property insurance policy:
- There may be conditions to your cover, such as to make regular checks on the property whilst it is empty.
- It is important to check and understand the excess on your insurance (this is the part of the claim that you pay).
- Some policies may have exclusions, so it is important that you fully understand the policy documents and wording.
- Suitable contents insurance can cover the cost of replacing furniture, fittings and fixtures.
How much does unoccupied property insurance cost?
An empty house or business premises can attract unwanted attention from, for example, vandals or squatters, making it a much higher risk than those which have people in and out of them all the time, so it can often be more costly, but a sensible precaution. Factors that affect the cost of unoccupied property insurance include:
- The property’s value – The more expensive the property, the more it will cost to repair or rebuild, so it will be more expensive to insure.
- Your level of cover – You may require a higher level of cover, but we can assist you with this.
- The property’s location – If your property is located in an area that is at risk of flooding, or theft, the risk is higher and therefore may be more expensive to insure.
- The property’s security – An unoccupied property is at a higher risk of theft. With additional security features in place to prevent or deter this, your insurance cost may also be reduced.
Why choose LMB Insurance Services?
- A multi award-winning insurance broker based in beautiful Plymouth, Devon
- We pride ourselves on our exceptional customer service
- We deliver affordable and comprehensive insurance policies to suit your individual needs
- We are committed to only offering high quality products, primarily from leading insurance companies
- We believe in transparency and always act in the best interests of our clients
- We are here to provide personal service, you will never be put through to a call centre.
AWARD-WINNING
INSURANCE SERVICES
Highly rated by our clients
Testimonials
Get insured today
Let’s get started
Call us on 01752 969 170 and we will work to find the perfect business or property insurance deal
to suit your needs. Or visit our contact page for more ways to get in touch.