In the recent past, insurance cover was very difficult to obtain for house in flats insurance due to the perception that in the main such risks were of poor standard, which in turn would give rise to substantial claims. The majority of locally based insurers were declining to offer cover leaving landlords with the only other option available to them which was trying to place the risks at the Lloyds Markets at considerable expense. The pre-63 housing stock has improved substantially in recent years following implementation of various tranches of minimum standards and other regulations being passed regarding the letting of properties and the general upkeep and maintenance of same.
S.A. Faughnan (Brokers) Ltd is a specialist Landlord Broker acting as the appointed Broker to the national association of landlords, the Irish Property Owners’ Association (IPOA), dating back to 1997. We are fully aware of the problems experienced by Landlords and their particular insurance requirements when it comes to insuring multi-unit residential units.
We can offer Landlords an insurance product which is specifically designed and tailored to cater for converted buildings of standard/traditional construction (i.e. listed / period / protected / pre-63) or indeed purpose built and used for residential, commercial or mixed use purposes. Our insurance scheme can also accommodate unoccupied properties of all types (even under renovation) with the flexibility to adjust cover mid-term should the buildings become occupied without having to change policy or insurer.
Our Appetite List:
Our insurance scheme offers a comprehensive “All Risks” wording to include the following covers:
Should your property be on the local authority list of Protected / Listed Structures we can include cover for the extra cost of reinstatement incurred as a consequence of its protected status e.g. Georgian/Victorian period features including internal protected features where applicable subject to generous but realistic policy limits.
S.A. Faughnan (Brokers) Ltd. have been in business successfully for over 30 years and have a wealth of experience in all areas of commercial insurance and risk management.
Remember – If you are the owner of a property that requires Landlord Insurance cover as outlined above and are interested in obtaining a quotation under our rental property scheme please contact us in advance of your present renewal date. Our competitiveness as well as our technical knowledge will impress you!