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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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Why can’t I get insurance?

Property Insurance Centre

For example, many commercial buildings and retail business will often have large theft excesses applied, as a result of theft & malicious damage claims. Insurers will not ask to see a copy of the Certificate when you start cover, but will do so in the event of a fire at the property when you need to make a claim.

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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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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

For avoidance of any doubt, we would ask that you contact us first , should you be considering making such a change to the signalling – we will contact the insurer on your behalf & obtain confirmation that your coverage will not be affected. It is important that you do contact us first as every insurer differs.

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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.