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Insurance for Property Owners & Investors.
Below are the types of insurance a property owner / investor is typically interested in purchasing.
Commercial Property Investors.
There are many risks facing the commercial property you own (or are responsible for managing and protecting). Threats include human behavioural risks, structural problems, electrical fault fires, seasonal weather events, terrorism and tenant disputes.
Commercial property insurance is designed to protect your property portfolio against property damage, loss of rental income and public liability exposure and it may also include other heads of cover such as employers liability, legal expenses, rent guarantee and machinery breakdown.
Your insurance policy typically needs to comply with contractual obligations owed to third parties, including managing agents, contractors, tenants and lenders.
To ensure you are fully protected use an insurance broker which specialises in commercial property and understands how to identify and deal with the unique nuances of the property sector.
At Sirelark you will find a wealth of experience of dealing with the insurance requirements of a great variety of property investors. Clients looked after in the years gone by represent all shapes and sizes, of varying complexity and differing servicing requirements.
Sirelark is equally equipped to respond to the needs of clients with just one property, as to the needs of clients with complex, multi-million pound property portfolios.
Residential Let Property Investors.
Let property investors face a myriad of risks in what is becoming an increasingly regulated sector. Managing the risks associated with residential properties can therefore be a complicated and challenging affair. Which is why it is important to clearly understand the risks involved and put the right insurance in place.
Let property insurance is designed to protect your residential property portfolio against property damage, compensate for loss of rental income or provide alternative accommodation and protect against public liability exposure. A policy may also include employers liability and legal expenses cover.
Residential Management Companies & Residents Associations & Right to Manage.
A residential management company or residents’ association or Right to Manage company has a duty to ensure that the buildings and common areas are managed properly, that risk of harm to residents and visitors is controlled and should the worst happen, that appropriate insurance is in place to protect the company, it's directors and long leasehold tenants.
Not every risk is the same and exposure can often vary from the norm by contractual obligations, so it is important to understand what these are and put in place an insurance programme that delivers what is required.
Holiday Let Investors.
Letting property to holiday-makers is becoming a more popular investment class but how to insure the property is often poorly understood.
The most important point is that it is typically not appropriate to use a standard household policy or a let property policy to insure holiday lets due to the unique nature of the occupancy, which is very short-term and can be intermittent.
Holiday letting is therefore a special class of insurance. It is designed to protect the owner of the property against property damage (including accidental damage), damage to or theft of contents, loss of rent, public liability, employers liability and legal expenses.