Properties temporarily unoccupied due to Government Restrictions imposed during the Corona Virus – Covid-19 pandemic
Most insurers have reviewed the cover they are able to provide for properties which are temporarily unoccupied or not in use following the introduction of HM Government restrictions imposed due to the Corona Virus Covid-19. The standard Unoccupancy terms included within your policy wording have been replaced and the table below details the period when your standard cover will remain in force. We have also included a summary of Additional Points to note during the period of Unoccupancy.
It is important to note that the revised terms only apply to closure resulting from HM Government restriction. If your premises were Unoccupied before the restrictions were imposed please contact us to seek clarification on any revisions to your terms and risk management conditions.
Insurers are reviewing the position on a regular basis.
Please be aware the below table is based on the content available to Stanmore Insurance Brokers during the week commencing Monday 1st June. It is therefore subject to change and Stanmore Insurance Brokers cannot guarantee that the statements below have not changed since this page has gone live. If you have any concerns please speak with your Stanmore Insurance Brokers Account Handler or check the relevant insurer’s website for more information.
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| INSURER | PERIOD STANDARD COVER REMAINING IN FORCE | ADDITIONAL POINTS |
|---|---|---|
| Abacus Property Owners Schemes: Insurers – Ageas; Am Trust; AXIS; Liberty (including Amlin) |
For the period HM Government restrictions remain in place | A record of inspections is not required for the period 23 March 2020 until 14 days after the restrictions have been liftedPlease contact us for a copy of the Risk Management Guidelines |
| Abacus Property Owners Schemes: Insurers – Ageas; Am Trust; AXIS; Liberty (including Amlin) |
For the period HM Government restrictions remain in place | A record of inspections is not required for the period 23 March 2020 until 14 days after the restrictions have been liftedPlease contact us for a copy of the Risk Management Guidelines |
| Abacus Property Owners Scheme: Insurer – Covea |
90 days | A record of inspections is not required for the period 23 March 2020 until it is safe to re-enter the premisesPlease contact us for a copy of the Risk Management Guidelines |
| Ageas | For the period HM Government restrictions remain in place currently up to 60 days but will be reviewed | Advice from Ageas on reopening your business – https://www.ageasbroker.co.uk/news-views/helpful-information-moving-forwards-staying-safe/ |
| Allianz plc | 90 days | Insurers must be notified if the premises continue to be Unoccupied after 90 days.Find dedicated support from Allianz for businesses customers here – https://www.axa.co.uk/coronavirus/business-insurance/ |
| Ansvar | Up to 30 June 2020 subject to review by 1 June 2020 and extension if required | Find dedicated support from Ansvar for businesses looking to reopen by sector here – https://www.ansvar.co.uk/covid-19-updates/covid-19-news/ |
| AVIVA plc | 90 days | Find dedicated COVID-19 updates for Aviva business insurance customers here – https://www.aviva.co.uk/business/support/the-impact-of-coronavirus/ |
| AXA | Until 15th June 2020 | Insurers must be notified if the premises continue to be Unoccupied beyond 15th June.Inspection of the premises is required subject to social distancing and following the guidelines of HM Government. Inspections can be carried out by the policyholder or a professional security company.
Find dedicated support from AXA for businesses looking to reopen by sector here – https://www.axaconnect.co.uk/coronavirus-hub/business-support2/back-to-business/ |
| Ecclesiastical | Up to 30 June 2020 subject to review by 1 June 2020 and extension if required | View Ecclesiastical’ s dedicated page on managing risk during COVID-19 here – https://www.ecclesiastical.com/risk-management/managing-risk-covid-19/ |
| Folgate Insurance | 90 days | Internal and external weekly inspections required but only if safe and permitted under the Government restrictionFind the latest blog from Folgate Insurance on COVID-19 here –https://www.folgateltd.com/tag/coronavirus/ |
| Hiscox | 90 days | Visit the Hiscox COVID-19 support hub here – https://www.hiscox.co.uk/coronavirus-support |
| Markel | For the period of HM Government closure | Strict compliance with the Minimum Standards of SecurityFind the latest blog from Markel on COVID-19 here – https://www.markeluk.com/articles/coronavirus-how-to-manage-the-risks-facing-freelancers-and-small-businesses-working-from-home |
| NIG | 90 days | Where possible the Insured or their representative should visit the premises every 7 days to inspect the premises and ensure security is maintained. |
| QBE | For period of HM Government closure until 7 days after restrictions lifted | |
| RSA | 90 days | Notification to insurers preferred but not essential.Visit the RSA COVID-19 support hub here – https://www.rsagroup.com/the-thread/covid-19-information/ |
| Zurich Insurance | For the period the premises are closed due to HM Government restrictions | View Zurich’s latest blogs on COVID-19 here – https://insider.zurich.co.uk/?s=covid |
