Blog

Prestige Prism Unoccupied Case Study 1

21.05.21

We are delighted to see the volume of enquiries something through for our newly launched product Prestige Prism Unoccupied available within the GB market.

Below we have shared a recent case which reflects a Property Developers scenario. Read on to understand the key risks we have been able to accommodate with Prestige Prism Unoccupied.

Case Study 1

A broker specialising in properties undergoing renovations, property conversions and property developer risks approached us to insure an unoccupied property on behalf of a valued client.

The property is being converted from a former children’s nursery into 4 self-contained flats, all to be sold. The property had been unoccupied for just over 2 years at the point of quote and is to undergo a £150,000 works project.

Planning permission was reviewed by us and found to be in order. Our Underwriting team offered full perils - excluding subsidence, landslip, heave and AD to underground services. We were also able to compete with a target premium provided by the broker.

Should you have a client or clients with a similar scenario please contact our team who will happily assist you with the most suitable cover.

Contact our Home specialist team by phone on 0800 0113 777 or by emailing gb-home@prestigeunderwriting.co.uk