In the current economic climate, lenders remain cautious and sometimes decisions need to be made quickly and supported by the right professional advice.
As well as that, there are some unusual requests…..
A recent example of this is where there was a prestigious property owner with a large commercial property who was having difficulty finding latent defects insurance (usually a ten-year insurance backed structural warranty).
The problem was that the property had already been fully completed before placing any sort of structural warranty – the property therefore could not be handed over. On top of this, the property developer, who usually places this type of structural warranty, had gone into liquidation.
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This 'non-standard' type of cover can be hard to source, let alone place, in a short timescale.
Appreciating the urgency, BJP were able to have specialist cover placed within 48 hours.
Another example saw another new-build development having to be acquired due to the liquidation of a property developer. Subsequently, no structural warranty was in place. Again cover was sourced and placed, this time within 24 hours and the final handover to the new owners was completed.
In summary, BJP can solve your immediate insurance needs, keep your premiums down and ensure you have the cover you need, when you need it.
Our advice? Speak to a specialist!
Call Stephen Hegarty (stephenhegarty@bjpinsure.com) or Dean Spurdens (deanspurdens@bjpinsure.com) at BJP to arrange a free review of all your insurance needs on 0118 979 2121.
