Buildings & Contents Insurance for a Mixed-Use Property

Head of Insurance

Victoria Barton

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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.