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Vacant Property Management
In the world of property insurance, a disproportionate number of claims emanate from properties that are not permanently occupied by a tenant or landlord. Note that this also includes property where there may be a valid lease in place, but the tenant is not in permanent residence.
The reasons for this increased claims frequency and value stems from a number of factors, including the attractiveness of an empty building to squatters seeking a new home, thieves seeking to rip out copper wiring and pipework, and those whose intent is simply to cause malicious damage. Furthermore if there is an event (such as a burst pipe), it will take a lot longer for it to be spotted and dealt with resulting in a higher claim.
As a consequence of this heightened risk, insurers are often extremely reluctant to provide full perils cover to vacant buildings. However the appointment of a vacant property management specialist can significantly reduce the exposure, potentially to the point that the insurer is able to reinstate key elements of cover.
Vacant property management is a specialised service and often requires specialist equipment to keep the costs of 24/7 monitoring down to economically viable levels.
If you need to investigate the benefits of working with a vacant property specialist, Sirelark can introduce you to Veritas Property Management which offers clients a full range of vacant property management services nationwide.
Veritas has built up a loyal client base thanks to their expertise and their friendly and professional staff. They respond quickly and effectively to client needs, including out of normal business hours.
Their pricing is competitive and they pride themselves on working with in house technicians and a network of qualified contractors.