Buildings & Contents Insurance for a Mixed-Use Property

23rd January 2024
Head of Insurance

Victoria Barton

Commercial building
Victoria Barton
Head of Insurance

Victoria Barton

The client in question had diverse connections across the UK, Northern Europe and the Middle East and was seeking financing to purchase a semi-commercial unit. The property consisted of two restaurant premises and several self-contained flats above them, all on a single freehold title.

However, due to the mixed-use nature of the building and the client's occupation of the commercial premises, obtaining insurance for the property was complex and required a specialist policy. 

We managed to source a policy that covered all the necessary elements of the building, its contents, and the landlord protections. We were able to find a policy that insured all the various elements of the property, including the contents, and provided the necessary landlord protections.

After only a few weeks of the policy being put into place, the client had to make a substantial claim. However, we were able to assist the client in managing the claim through their personal contact who handled the process on their behalf, removing the additional stress during a challenging time. The policy covered the cost of all the necessary repairs and refurbishment required to get the property back in full working order. Additionally, the policy also covered 50% of the loss of rent, which was a considerable relief to the client.

Thanks to the assistance provided by our team, the property is now fully operational and rented out, which is an excellent result for the client. 

Information contained in our case studies is for market and illustrative purposes only. In some cases, these may be made up of multiple cases and are for illustrative purposes only.

Some case studies are made up of enquiries that have come into the business, not all business completes, and the posting of a case study does not represent a completed piece of business.