INSURANCE FOR UNOCCUPIED PROPERTY

Did you know that most insurers won’t cover your property if it has been unoccupied for more than a few months? There aren’t many options in the market. What happens if your property is then vandalised? What happens if it burns down? Can you take that risk?

Insurance Brokers Australia are working with a Lloyd’s Coverholder to provide a specialised policy for Australian’s like you.

Covers available are:

Commercial Cover for when a property is unoccupied, for 3, 6 and 12 month periods. We can assist you where the building is heritage listed or has EPS, with no minimum or maximum sum insured values.

Including perils such as:

Fire, Lightning, Explosion, Earthquake and Aircraft (Minimum Cover required)
Malicious persons
Storm, Storm Surge, Rainwater, Hail, Snow, Wind
Escape of Water
Theft and Damage Caused by Theft
Impact
Public Liability cover of $10m

MAKE AN ENQUIRY

Call 1300 674 771

UNOCCUPIED PROPERTY INSURANCE FAQ’S

What is FLEA

Our basic property cover provides the basic 'FLEA' cover. You may or may not have heard of this before but it stands for Fire, Lightning, Explosion and Aircraft. It's a basic cover when you believe your exposure to the extended covers is not warranted. If you need assistance in determining if this product is for you, then please call our office.

What is wider perils

Our property cover can be extended to include the other perils of Storm, Burst Pipes, Impact Damage, Theft, Riot and Malicious Damage

What is liability insurance and why do I need it

Liability Insurance protects you against financial loss if your duty of care, your negligence or the condition of your property is found to cause a person to be injured or killed, or a person's property to be damaged or destroyed or they suffer loss as a result of relying on your services as property owner, or Lessor.

Our policy includes Property Owners Liability, which includes personal injury, property damage and advertising injury.

Why do I need an insurance broker, why not just go direct?

Insurance brokers are insurance professionals who can act independently of insurers. They provide advice and arrange appropriate cover for you through one or more insurance companies. When an insurance broker acts for you, its role is to thoroughly assess your situation, and develop an insurance package to suit your needs and protect your assets. This package may combine products from a range of insurers, or just one, depending on your needs. Insurance brokers deal with the insurer on your behalf, and take responsibility for keeping you informed, up to date, and covered. An insurance broker will also often have access to a number of specialised insurance companies that won’t deal with the public.

Who is the security behind the cover?

The policy is provided by Mainstay Underwriting, a Lloyd’s Coverholder. Lloyd’s is the world’s specialist insurance and reinsurance market. A Lloyd's market often provide the security for local insurers around the world. For information on Lloyd’s, their members and their capacity, please visit www.lloyds.com