- Appetite
- Unoccupied-property specialist route for existing empty buildings, with property owners’ liability to explore.
- Check
- Check developer ownership, building condition, vacancy duration, inspection requirements and restrictions once works start.
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Reading the risk
For: Property developer with unoccupied site
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
Property developer with an unoccupied site, needing property owners’ liability and buildings cover if structures remain. Underwriters will focus on whether this is bare land, empty buildings or a stalled development, plus security, condition, vacancy duration and planned works.
Where to start
QBE; Endurance Worldwide Insurance; Hadron UK Insurance; Tokio Marine Kiln (varies by product) Source
Quote online (own portal), Quote online via software house, Submit to underwriter · Pen Central, Acturis, Open GI Source
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We found 185 UK markets that write property developer with unoccupied site risks: 47 insurers, 115 MGAs and 23 Lloyd's markets. Commonly listed: Vasek Insurance, Pen Underwriting.
Theft, vandalism, arson and squatters are the main worries. Underwriters want fencing and security details, inspection frequency, how long the site will stay idle and whether any structures or demolition are involved.
vacant development site, empty site, development land, land awaiting planning