- Appetite
- Specialist property MGA worth approaching for non-standard construction, subject to the building’s use and timber-frame details.
- Check
- Check timber-frame acceptance, cladding restrictions, fire conditions and rebuild-value limits.
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Reading the risk
For: Timber-framed property
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
Timber-framed property presents combustible-construction and concealed fire-spread concerns. Underwriters will need occupancy, rebuild value, frame/cladding details and fire protection; confirm whether completed or still under construction.
Where to start
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We found 185 UK markets that write timber-framed property risks: 47 insurers, 115 MGAs and 23 Lloyd's markets. Commonly listed: Vasek Insurance, Pen Underwriting.
Whether the frame is modern or historic, and the infill, cladding and roof covering, are the first questions. Thatch, wood burners, building use and proximity to other buildings also affect appetite.
timber frame house, oak-framed building, half-timbered property, non-standard construction
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