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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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Purpose Built Flats Insurance and Lift Insurance Policy?

Property Insurance Centre

What does a Lift Inspection Policy cover? What does a Lift Inspection Policy cover in conjunction with a Purpose Built Flats Insurance Policy? Lift Inspection policies will often accompany a Purpose Built Flats Insurance Policy, and for good reason.

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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.

Insurer 52
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Emerging Property Insurance Trends 2024

Property Insurance Centre

This is a significant concern as it leaves property owners vulnerable to potential financial losses in the event of a claim. Furthermore, underinsurance can result in delayed or denied claims, leaving property owners in a difficult situation.

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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.

Insurer 52
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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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Cornershop Insurance and BT Redcare Alarm changes

Property Insurance Centre

Corner Shop Insurance and BT Redcare Alarm changes Business Owners who have corner shop insurance are all to aware of the benefits an appropriate intruder alarm system will have, both in relation to their insurance premiums (or in being given an insurance policy at all in some cases) and to the physical security of their goods.

Insurer 52