- Appetite
- Specialist property-owner route worth approaching for a mixed-use building with a commercial tenant.
- Check
- Check takeaway acceptance, frying restrictions, extraction-cleaning conditions and fire separation requirements.
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Reading the risk
For: Mixed-use building with a takeaway below
We couldn't tell the trade from that, so these are the broad commercial markets. Add the trade and the class of cover for a sharper list.
What underwriters will focus on
Assuming this is a property owner's buildings and loss-of-rent risk, the main issue is fire exposure from the takeaway. Underwriters will focus on cooking methods, extraction cleaning, fire separation and upper-floor occupancy, particularly any sleeping accommodation.
Where to start
Quote online (own portal) · Own portal: MX Online Source
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We found 185 UK markets that write mixed-use building with a takeaway below risks: 47 insurers, 115 MGAs and 23 Lloyd's markets. Commonly listed: Vasek Insurance, Generation Insurance.
Commercial deep fat frying below residents creates a serious fire exposure. Expect questions on fryer type, extraction and duct cleaning frequency, fire separation between floors, alarms and the takeaway tenant's own insurance.
flats above a takeaway, shop with flats above, mixed commercial and residential building, flat over fast food unit
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