Finding really hard to find a particular type of insurance - can anyone help?

fusar

Hell,

I have been searching high and low for an insurance company that will insure an empty commercial shop for building insurance. The shop will be occupied within 6 months, so I just need something to tide me over in the meantime.

Has anyone got any ideas on firms to contact for this please?
Many thanks
Sarah

jonesMUFCforever

Two things I need to know is - are the shop windows fully covered by shutters? and are there any tenants in the building (a flat above the shop perhaps?)?
How do you know that the shop will be occupied in 6 months?

I would have thought an Insurance broker specialising in commercial property would be the way to go.

mattymoo

Any insurance broker should be able to place this type of cover. Try BIBA fo a list of firms in your area.
Premium will be stiff and terms onerous. Usual requirements are disconnection of all utilities except electric circuit for any alarm system, boarding of windows and weekly or twice weekly inspections. Cover will be FAEx only, thats fire, aircraft and explosion. No storm or flood cover is likely to be given unless as ejones999 says, there is a tenant in the flat above.
If you have other commercial ventures then your existing insurer may be the best firm to approach since they have what is called a "spread of risk". Unoccupied properties tend to have very poor claims experience so insurers are loath to do a single property in isolation.