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Automatic Fire Alarms in Commercial Properties New Rules 2024

Property Insurance Centre

Automatic Fire Alarms in Commercial Properties New Rules 2024 As of October 2024 the London Fire Brigade will cease to attend alarms at commercial properties between the hours of 7am & 8:30 pm. It has been found that 99% of alarms at commercial properties are, in fact, false alarms and take up significant resources.

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Types of landlord insurance

Cover4LetProperty

They can range from individual property owners to those who own multiple rental properties as part of their investment portfolio. Corporate landlords: These are companies or organisations that own and manage rental properties on a larger scale. They may own residential properties, commercial properties, or a combination of both.

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Emerging Property Insurance Trends 2024

Property Insurance Centre

For instance: Residential properties: Homeowners may experience higher rebuild costs due to increased prices of building materials, such as lumber and roofing materials. Commercial properties: Business owners may face higher repair costs for their establishments, particularly if specialized equipment or materials are required.

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Why can’t I get insurance?

Property Insurance Centre

Make sure you have a current valid electrical certificate in place (where applicable) – Apart from being a legal requirement in the case of a Commercial Property, it is now a pre-requisite that you have one in place for insurers. Getting an alarm will often be a deterrent in the first instance.

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How the Climate Crisis is Impacting the UK Property Insurance Market

Property Insurance Centre

The insurance industry has had to adjust premiums to reflect this growing risk. By mid-2024, the average cost of home insurance had risen by 19% compared to 2023, with flood-prone areas facing even steeper increases​ CityAM.

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Purpose Built Flats Insurance and Lift Insurance Policy?

Property Insurance Centre

Such cover may include the following: Removing Debris Dismantling or Demolishing Shoring up or Propping of equipment Please contact us if you would like to discuss your options or if you would like to add a Lift Insurance Policy to your Purpose Built Block of Flats Insurance Policy.

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Cornershop Insurance and BT Redcare Alarm changes

Property Insurance Centre

If you require further information, please call us on 0800 085 3761 * Equivalent (or better) performance is considered to be an alarm transmission system (“signalling product”) which has the same (or more) number of alarm transmission paths as the signalling product it is replacing, and with a maximum fault reporting time on the primary path of no (..)