Case Study
Cobine Carmelson was involved in organising embassy insurance for a stunning property in Holland Park. Alternative names for this specialist cover are Mission Insurance or Consulate Insurance.
The insurance problems started when it took their insurance claims department three weeks to get a builder to inspect the damage when they had a leak and that upset their visa arrangements. With it being a large listed building there had to be enough cover in the policy to repair it to exacting standards and, more importantly, pay for alternative premises whilst the repairs are underway. As you can expect they also wanted to consider terrorism insurance.
This is where our insurance service came in: we arranged a policy that covered listed buildings. Using our wide range of contacts, we found a specialist builder who was able to react quickly to speed up insurance claims. They’re now very happy with a policy that covers listed buildings.
My top tips for Property Owners (even if it’s their own home) are to ensure they know exactly who to call for urgent advice when an insurance claim occurs and check that the cover for funding alternative premises meets their requirements – before they need it.
Feel free to forward this to people you know that work in an Embassy or a landlord that has the need for Property Owners insurance (sometimes called buildings insurance). Some insurers consider large converted buildings require blocks of flats insurance.
