Unoccupied Commercial Property Insurance

Insure your empty commercial property throughout the year at affordable rates.
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  • Cover for properties that are vacant for up to 12 months
  • Compared against 4 leading insurers
  • UK based help centre

What is unoccupied commercial property insurance?

Unoccupied commercial property insurance, also known as vacant commercial property insurance, provides cover for commercial properties that are unoccupied for an extended period of time. Commercial properties can include office buildings, retail spaces, warehouses, and other non-residential structures.

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Who needs insurance for unoccupied commercial properties?

If your commercial rental property will be vacant for 60 days or more, you should take out unoccupied commercial property insurance. Properties are usually empty for longer periods of time if you’re

  • A landlord between tenants
  • Taking time to carry out renovations or repairs to the property
  • A landlord waiting on a property sale to be completed

What does unoccupied commercial property insurance cover?

We offer three levels of cover ranging from limited perils to full cover

Level 1

  • Perils covered - Fire, Lightening, Explosion, Impact, Earthquake

Level 2

  • Standard perils (no accidental damage)
  • Escape of water limited to a maximum claim amount of £2,500 with a £500 excess
  • Theft and Malicious damage maximum claim amount £2,500

Level 3

  • Standard perils (no accidental damage)
  • Escape of water limited to a maximum claim amount of £2,500 for the first 30 days
  • £500.00 excess throughout the policy

What isn't covered?

Accidental damage and general wear and tear are excluded from all of our unoccupied commercial property policies. Accidental damage is defined as damage that is caused by an unforeseen and unintended event. General wear and tear is the gradual deterioration of your property over time. This could include things like fading paint, chipped tiles, or a leaky roof.

How much does unoccupied commercial property insurance cost?

The cost of unoccupied commercial property insurance is determined by the size and value of the building, the unoccupied period and the level of protection you need.

More risk is related to unoccupied properties, so expect your insurance premium to be higher than regular landlord insurance. When a property is empty, it takes longer to detect problems and you are more susceptible to vandals and thieves.

How to keep your unoccupied commercial property safe

As a landlord, you can take steps to reduce the risk of damage to your property and lower the likelihood of making a claim.

  • Inform your insurance company - Tell your insurance company that your commercial property will be unoccupied for a notable amount of time. They may ask you to take certain steps to secure your property.
  • Switch off utilities - Turn off the water, gas, and electricity to your property to prevent damage in the event of a power outage or burst pipe.
  • Invest in a security system - Deter burglars with CCTV. The footage can also help you catch them if they do break in.
  • Get to know your neighbours - Notify your neighbours that your property will be unoccupied for a long period of time. Ask them to keep an eye on it for you and report any suspicious activity.
  • Make regular property visits - Even if you have taken all of the necessary precautions, you should still visit your property regularly. This will give you a chance to check on it and make sure that it is still secure.

Frequently Asked Questions

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