Insurance

We can obtain very competitive commercial property insurance quotations for all types commercial properties, including investment properties, night clubs, care homes, hotels, pubs and retail shops and also buy-to-let residential property.

We covered £350 million worth of property last year, saving our clients thousands of pounds in insurance premiums. Operating as Appointed Representatives of a large, corporate, insurance broker means we are uniquely positioned to be able to obtain like-for-like UK commercial property insurance quotes for your properties rapidly and cost-effectively.

Any pursuant claims as well as subsequent renewals will be handled in an efficient and timely manner, and additionally your property will no doubt benefit from the synergies arising out of our expertise in commercial property management, acquisitions, disposals and financing.

If you are a Freehold Landlord, you may or may not be aware of the following important issues:

  • The Freeholder does not have to go for the lowest premium, but a reasonable one.
  • To ensure the level of cover is reasonable, the use of a Broker is recommended.
  • The provisions for insurance, including the type, the level, who can underwrite, who arranges it and how payment is split amongst Leaseholders (and / or Freeholders), can vary significantly from lease to lease.
  • Often, over time, the Rebuild Cost of the building moves out of sync with the Sum Insured. An insurance re-valuation may be worthwhile, and its cost may be recoverable from the Lessee.
  • Claims must be made within a strict timeframe of the loss event, and in line with a number of other protocols, in order to maximise the chance of a payout.
  • Whilst damage caused by an insured peril, such as Fire, Lightning, Theft or Flood, will normally be covered, damage though general wear and tear or lack of maintenance will not be.

And if you have ever got confused by the phrases Sum Insured, Declared Value and Reinstatement Value, read our simple explanation of these concepts here.

For more information please contact Nilesh on nilesh@pridemanagement.co.uk or 0203 113 2142

Pride Management LLP (FRN 567188) is an appointed representative of Bircroft Insurance Services Limited (FRN 310441) which is authorised and regulated by the Financial Conduct Authority. This is in accordance with GEN4 Annex 1 of the FCA Handbook (see http://fshandbook.info/FS/html/FCA/GEN/4/Annex1)

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