Unoccupied buildings are more susceptible to certain risks, including vandalism, fire, lightning damage, theft, electrical explosions and more. Whether you are a landlord or business owner, owning an unoccupied property can pose serious issues and liabilities. It’s important that you ensure you are adequately protected at all times.
Especially in winter, the chance of a claim occurring is especially high because of the colder weather. We have outlined three simple steps that you can take to help mitigate risks.
1. Keep vandals at bay
If your unoccupied building looks ‘occupied’, then you’re less likely to fall victim to vandalism, property destruction and other malicious behaviour on the premises. To keep up appearances, regularly mow the lawn, forward any post or collect it regularly and install light timers. Also, make sure you have good window locks and 5-lever mortise deadlocks to secure the property. It might even be worth installing a security system to be extra cautious.
2. Limit your liability
As a property owner, you could be held liable for criminal activities or accidents that take place on the premises. Always make sure your property is free from hazards that could cause injuries to anyone on or around your premises, including postal workers, maintenance workers, fire fighters, police officers, or even trespassers.
3. Dodge damage
There are a number of things you can do to maintain your property and decrease the chance of damage. These include making sure the heating system and chimney are cleaned and inspected regularly, winterising the plumbing system to prevent frozen pipes, and periodically inspecting the roof, insulation, attic, basement, gutters and other areas for any necessary repairs, mould damage or other problems. You could also consider installing smoke detectors that alert the fire service in case of an alarm.
While following the above tips can help reduce the risks involved with owning an unoccupied property, it’s vital that you don’t leave it to chance. Protect yourself now in case the worst does happen and you need to make a claim. Most ‘off the shelf’ policies usually only provide protection cover if your building is unoccupied for less than thirty days. Therefore, a tailored policy suited to your needs is always the best option.
Want to learn more?
Contact the team today on 0800 115566 or at sme@thomas-carroll.co.uk. There are many options of cover available, and cover to suit all budgets. Our property experts will give you peace of mind that you and your property are fully protected in the event of a claim, and that you are only paying for the cover that you need.
