RICS Nottinghamshire Event - Void Properties - the hidden dangers
26 January 2012
Crowne Plaza Hotel, Wollaton Street, Nottingham NG1 5RH
When a property becomes void, owners, surveyors and insurance brokers must work together to adhere to the additional conditions that will be imposed by insurers. There are many pitfalls to be avoided to ensure a full indemnity is obtained from the policy should disaster strike. Failure to identify and implement vacant property conditions will result in uninsured losses adding further to the burden of costs a void property already has on a portfolio.
The presentation’s Key Points:
• The Risks facing owners of vacant property.
• Cover limitations and how they can impact on costs.
• Understanding the Insurance conditions applied to vacant property and how surveyors can assist clients.
• The importance of a maintenance programme of vacant property/fire & security issues.
• Risk Management: Can this prevent a property becoming void?
• Essential Steps to Take to Ensure Cover is not Invalidated.
Speakers:
Trevor Palmer FCII… is a commercial/ industrial property insurance specialist working for
Pi-Property Insurance. He has over 30 years’ experience within the insurance industry. Pi-Property Insurance is an award winning Chartered Insurance Broker handling property insurance for portfolios large and small throughout the U.K. Pi-Property work closely with Chartered Surveyors and property managers to provide viable insurance solutions for property owners and investors.
