Mixed Commercial And Residential Building Insurance
Compare Mixed Commercial And Residential Building Insurance Quotes
Compare landlord insurance quotes from a panel of FCA-regulated UK providers, covering buildings, contents and loss of rent, in one quick form.
Get Multiple QuotesCommercial property insurance for landlords
Having commercial property insurance is the responsibility of the property owner if a business operates from those premises. If commerce is conducted out of the brick and mortar building or online, this type of financial protection is needed in case of an event like a fire, flooding, vandalism, storm damage and theft to name a few. This type of policy is also referred to as commercial landlord insurance. If you have more than one property, multi property landlord insurance is also available.
What is commercial property insurance?
A commercial property insurance policy has two components to it. These two areas include building cover and content cover.
Building cover protects the physical structure and components of the building itself. Areas protected in most standard policies for the physical structure include the following;
- Water pipes or mains
- Electrical lines and devices including fixtures
- Water damage from natural or man made sources
- HVAC unit
- Fire and earthquakes
- Riots or public unrest that results in damage due to vandalism
- Subsidence of the land causing the foundation to require repair
- Windows and locks
Content cover protects the items placed in the building to help commence to occur. This cover must be taken out by the owner or operator of the business, which might or might not be the owner of the building. Content includes the following;
- Mechanical equipment
- Desks and office furniture
- Telecommunication equipment and devices
- Computer equipment and devices including a mainframe
- Inventory for the business
What if I own the building but not the business?
For those building owners that lease out their building for commercial use, commercial landlord insurance is the appropriate cover. This will include both building cover along with landlord content cover. This makes it possible for repairs to be made to the structure and any items you add to help sell the units to clients.
What other types of cover can be added to a commercial property insurance policy?
The most common add-on is public liability cover. This is financial protection if a third party files a claim with the courts that they were hurt or their property damaged on your property. The level of protection typically ranges from £1 million to £10 million.
Equipment breakdown cover is another valuable cover to help keep a building and landlord’s property maintained so that any organization operates their business. This will include repairs to the HVAC system, hallways, stairs, electrical system and other pieces of equipment essential to keeping the building safe and in usable condition.
How do I find a commercial property insurance policy to fit my needs?
By enlisting the help of experienced commercial property insurance brokers is the known path to follow to know what is available in your area in terms of cover. The brokers can match up your needs with the available policies from more than one insurance firm to give you a choice in what protection might fit both your needs and budget.
Compare commercial property insurance brokers
Going it alone in searching for the right commercial property insurance to fit your needs is an option, but the process will be time-consuming, and you might not find all the options available to you. By asking for help from one of the many professional commercial property insurance brokers, this process will be accomplished in a significantly less amount of time. These brokers can also answer any question you might have about the policies to help sure you get what you need.
Frequently Asked Questions
It is cover for a single building that contains both commercial space, such as a shop or office, and residential space, such as a flat above. A policy can bring the different parts of the property under one buildings insurance arrangement. MultiQuoteTime provides access to a panel of specialist UK insurance providers who quote for mixed use properties.
Owners and landlords of properties that combine commercial and residential use, for example a flat above a shop, a pub with living accommodation, or a converted building with both offices and homes. The right cover depends on how the building is used and let.
Depending on the provider and the policy you choose, cover can include the building structure, damage from events such as fire, flood and storm, property owners liability, and loss of rent. Available cover varies between providers, so it is worth comparing what each policy includes.
Many policies offer loss of rent or alternative accommodation cover if the property becomes uninhabitable after an insured event, but this is not automatic. Check each provider’s policy wording to see whether it is included as standard or offered as an option.
Provide details about your property, how it is used and let, and the level of cover you need. MultiQuoteTime introduces you to a panel of specialist UK providers through the comparison service, so you can compare quotes and cover levels in one place. Your choice of provider is entirely your own.
Yes. Quotes are provided by a panel of FCA regulated insurance providers. MultiQuoteTime is an Introducer Appointed Representative of Seopa Ltd (FCA FRN 313860) and introduces you to the comparison service. We do not provide advice or make recommendations.
