A solicitor referred me to an investor buying a large ‘aparthotel’ in the heart of the luxurious neighbourhood of Kensington. Due diligence required insurance checks to be carried out, and these had to be arranged quickly in order for funding to be provided. The investor was also based in Asia, which meant that thorough work had to be done from the UK.
At the solicitor’s office, we unearthed new cover requirements that would be perfect for this investment. We obtained quotations and explained the terms, conditions and likely exclusions. After we agreed cover with the bank, they were provided with documents as their co-operation was needed to push the purchase through.
We included many important insurance products such as property damage, property owners’ liability and loss of rent for our client. We slashed the annual premium by 30% and after sales services included providing new documentation to all parties.
The policy was delivered to the manager on site to ensure the people on the ground understood the policy.
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