Insurance Compliance Headaches?
Our team are experienced at advising on insurance compliance requirements and implementing appropriate solutions to ensure compliance.
Insurance Compliance
Ensuring that your vacant property is 'Insurance Compliant' can prove a bit of a headache.
Ensuring that your vacant property is ‘Insurance Compliant’ can prove a bit of a headache.
Insurers have strict codes of practice that owners of vacant buildings have to comply with so they remain insurance compliant, failure to inform insurers and comply with these requirements can result in the property not being insured in the case of fire or damage to the property.
Common requirements from insurers can include the following requirements:
- All water systems isolated and drained down, all gas supplies isolated
- All combustible materials inside and outside to be removed
- Electric supplies to be turned off at the mains (except security and fire systems)
- Window locks fitted or windows screwed shut
- Letterbox sealed or secure cage fitted
- Boarding or manned guards
Aside from the requirements above, vacant buildings are still at heightened risk from fire, deterioration and criminal activity, and relations with neighbours put under strain while the property is empty.
In addition to these insurance compliance items, Moorcroft can also assist in keeping your vacant property maintained (garden and grounds maintenance) as well as a providing a number of other valuable services including where appropriate temporary security solutions and Property Guardians.
For more information on our Insurance Compliance service, please click here to make an enquiry.
How Moorcroft Vacant Property Management Can Help
Moorcroft Vacant Property Management can manage the insurance compliance requirements and the ongoing vacant property management for you whilst the building is empty. Typically we:
- Work closely with your insurers to ensure that you comply with your insurance policy requirements
- Undertake a comprehensive site security and insurance compliance survey and issue a full report
- Inform police and fire services of building occupancy status
- Account for all keys and inform and update police and local fire service of all relevant key-holders
- Secure the building with improved locks, door and window security measures
- Liaise with neighbours to improve practical site intelligence
- Take initial and periodic meter readings
- Switch off and isolate utilities (water, gas, electricity) where required
- Drain down heating systems where applicable
- Remove all combustible and hazardous items from site
- Maintain an appearance of continued use if possible
- Carry out external and internal void property inspections
- Carry out fire alarm tests
- Ensure correct Health and Safety signage is provided and maintained at site
