Unoccupied Commercial Property Insurance
Competitive Empty Commercial Property Insurance Backed By ‘Exceptional’ Service
Want to save money on your unoccupied commercial property insurance? Let the empty commercial property insurance specialists at Coversure Hull compare our markets to find you the insurance for unoccupied commercial properties that’s right for you. Whether you have an empty shop, office, warehouse or factory, call us today on 0800 977 6037 and let our award-winning team help you get the protection you need.
Unoccupied commercial property insurance backed by ‘Exceptional’ service
Our award-winning team is rated as ‘Exceptional’ by feefo and with over 50 years of commercial property insurance experience, you can rest assured you’re in safe hands. Being independent we can put your needs first, and we’ll compare the market to find you great cover for a great value premium. To find out more, call us free on 0800 977 6037 or start your unoccupied commercial property insurance quote today.
What is unoccupied commercial property insurance?
Unoccupied commercial property insurance, or empty commercial property insurance as it’s also known, protects business premises when they become vacant. If premises are left empty for a time – sometimes for as little as 30 consecutive days – then your commercial property insurance cover may be reduced or even become invalid. This is because when buildings are left vacant the risks from flood, fire, burglary, vandalism, or leaks rise significantly. Many insurance brokers struggle to offer competitive unoccupied commercial property insurance, but thanks to our extensive network of insurer relationships, we can find you great value unoccupied commercial property insurance that covers threats such as:
- Fire
- Lightning
- Explosion
- Earthquake
- Storm
- Flood
- Theft or attempted theft
- Malicious damage
- Vandalism
- Accidental damage
- Escape of water
- Subsidence
- Impact
- Property owner’s liability risks
- Contents
What types of property can empty commercial property insurance cover?
We can offer for unoccupied commercial property insurance for a wide range of vacant properties, including:
- Empty shops
- Empty pubs, bars, and restaurants
- Unoccupied offices
- Empty warehouses
- Vacant factories
- Unoccupied healthcare facilities such as surgeries
- Beauty and hair salons
We can also offer cover premises that are vacant for several different reasons:
- Business premises that are under construction
- Commercial premises that are undergoing renovation
- Commercial properties awaiting new tenants
- Business premises pending planning permission
These are just some of the properties we can cover. If you have a specific property in mind, please then please get in touch. You can call us free on 0800 977 6037 or start your unoccupied commercial property insurance quote today.
What levels of empty commercial property insurance are there?
There are three main types of unoccupied property cover, and we can offer you all three:
- L.E.E.– which covers basic threats such as fire, lightning, explosion, earthquake insurance
- Restricted wider perils - a policy that covers a limited number of perils for an unoccupied property. These policies are often used when a property is empty for a longer period, such as more than three months and cover perils such as fire, lightning, explosion, earthquake, and aircraft or impact
- Wider perils – offers the broadest level of protection and can include things like fire, storms, floods, subsidence, heave, or landslip, water damage from burst pipes of escaping water, theft of contents and forced entry damage, vandalism, property owners' liability insurance, and legal expenses should squatters move in, and you need to go to court to remove them
Which is right for you is a question of the level of risk you’re prepared to take. In most instances, we recommend taking out wider perils unoccupied commercial property insurance as the level of cover is so comprehensive.
How much does empty commercial property insurance cost?
At Coversure Hull we don’t believe in one-size-fits-all solutions for our clients. Instead, we’ll get to know your needs and create a package of cover that fits your requirements. What we can say is that your unoccupied commercial property insurance quote will depend on things like:
- The building’s postcode
- The level of security
- The type of premises, e.g. a shop, office, warehouse, etc.
- It’s rebuild valuation
- How long it will be vacant for
- Whether it’s being renovated/built
- If there are any contents – and if so, what they are and the value
- Whether it’s at risk from flooding
- Your claims history
If you’d like to know how much an empty commercial property insurance policy will cost you, please get in touch. You can call us on 0800 977 6037 or start your empty commercial property insurance quote today.
How to get cheaper empty commercial property insurance2
The main way to get cheaper empty commercial property insurance is to use a specialist independent insurance broker such as Coversure Hull. With our knowledge of the market and insurer relationships, we can help you get cheaper empty commercial property insurance quotes. The other way is to keep your empty property safe, by:
- Paying regular visits
- Leaving the utilities on and put lights on timers
- Investing in a burglar alarm or security guards
- Making working hours visits to the property
- Leaving vehicles parked outside during working hours
- Ensuring any vandalism – broken windows, etc. – are quickly fixed
- Collect mail and make sure junk mail isn’t piling up
- Remove any fly posting from windows
- Board up windows
- Add a fence – particularly for buildings that are under renovation or construction
Unoccupied commercial property insurance FAQ
Empty commercial property insurance is a complex area of cover and it’s important to get it right. To help you get the protection that’s right for you, here are our empty commercial property frequently asked questions. We hope they will prove helpful, but if you’d like to get some independent advice, then please call us free on 0800 977 6037. Our team of insurance specialists will be happy to talk you through the options to ensure you get the protection that’s right for you.
Q. How long does an empty property insurance policy last for?
A. That’s up to you. We can find you policies that last for 3, 6, 9 months, or even longer
Q. If I cancel the policy, will I get a refund?
A. That will depend on your insurer, but many of the insurers we work with will refund you if you have taken out an annual policy. With unoccupied commercial property insurance policies, many people take them out on a month-by-month basis as they don’t know how long it will be vacant for
Q. What types of empty property can be covered?
A. We can insure all kinds of commercial premises. Whether it's a shop, office, warehouse, factory, a café, a salon, or something more specialist, we can offer you affordable, high-quality protection
Q: Are there any conditions for empty property insurance policies?
A. Yes, most policies have conditions attached, the most common ones being:
- Insurers insisting on regular visits being made to the building. These don’t have to be made by the owner; they just need to be frequently inspected
- Insurers will almost certainly want you to remove any valuables such as office equipment, tools, and other easily removed items
- The premises need to be secure with no broken windows, unlocked doors, or other easy points of entry. There may also be a requirement for an alarm or windows to be barred or boarded up
- If it’s vacant during the winter, insurers may ask that the heating be left on to reduce the risk of burst pipes or may agree to the system being drained
Q. How much does unoccupied commercial property insurance cost?
A. That will depend on things such as:
- The length of time it will be unoccupied
- Its value
- Its postcode
- The type of premises it is
- Its condition
- The level of security
- If it is at risk of flooding
- The rebuild costs
Q. Are there any policy exclusions?
A. Typically, the following won’t be covered:
- Loss or damage because of unforced entry e.g., when windows or doors are left open/unlocked
- Damage caused by contractors
Get an unoccupied commercial property insurance quote
If you'd like some empty property insurance help or an unoccupied commercial property insurance quote call us on 0800 977 6037. We can give you all the advice you need and can compare our markets to find you the cover you require.
