Unoccupied Property Insurance
Watchman is a specialist policy featuring a wide standard of cover (including subsidence-subject to postcode) with more sympathetic policy terms that recognise the difficulties probate lawyers face.
- Easy to set up. Same day cover usually available
- Initial deposit only
- Balance of premium is deferred up to a year
- No cancellation fees
No hidden charges
- More cost-effective
- Wide standard cover
- Easy security and inspection criteria
- NO risk of ‘gaps’ in the cover period and you pay only for the days on cover you need
- Watchman Insurance is provided for up to one year at a time and apart from a small initial deposit, you can usually settle the entire insurance premium when the house is sold or transferred.
The premium is ‘deferred’
Watchman insurance lasts for up to a year at a time but you only pay for the exact number of days cover you need when it is cancelled. A small deposit secures cover for a fixed daily rate that accumulates and is then settled when the property is sold/transferred up to a year later. Based on our own analysis of current Internet offerings, we believe that you will not better our premiums on a like-for-like basis with any other reputable insurance company.
|Cover for malicious damage, frost damage and subsidence/heave||x||Included as Standard|
|Simple security requirements||You will likely need to replace all locks||Hassle free – allowing you to use the pre-existing locks|
|Inspection requirements||Weekly||Every 30 days|
|Hidden charges and cancellation fees||Very likely||None|
|Flexible term||x||Up to one year or the number of days’ cover needed|
COVID 19 CORONAVIRUS - PROPERTY INSPECTIONS AND SECURITY RESTRICTIONS
We appreciate there may be difficulties in complying with policy terms relating to regular inspection and removal of build up of waste/post.
Our insurers require that prior to closing the premises, policyholders should do their best to ensure the premises are protected against freezing; i.e services should be turned off and pipes drained or where this is not possible, heating should be maintained at a constant temperature of 15 degrees.
The insured (or their representative) must also use best endeavours to visit the premises as regularly as possible to make sure it remains safe and secure, while adhering to governmental advice and action.
Where Government restrictions advise against unnecessary travel and request people stay local, we would encourage policyholders to try to incorporate a visit to their premises within daily exercise or other essential travel, as permitted; where this is not possible, we will waive the requirement for inspections until restrictions are lifted.