Insurance
At Gem, we have our own in-house insurance specialists, with many years of experience in the insurance industry. Each year, in association with our brokers Bluefin, we source comprehensive insurance policies, with a bespoke wording, to offer extended cover that offers real value for money.
We specialise in building insurance for blocks of flats, often referred to as block insurance. The lease will normally require the landlord to take out adequate insurance for the building and common parts, and will give them the right to recover the cost of the premium through the service charge.
Our Insurance Service covers the following:
- Comprehensive quotations and high level of service
- Bespoke policy wording for building insurance
- Comprehensive cover (commercial ‘all risk’ including accidental damage, theft, subsidence and terrorism – with the terrorism extension)
- Index linking to maintain an adequate ‘sum insured’ in between periodic revaluations
- Dedicated claims handling
Our sister company, Hazelvine, where the insurance team is based, is authorised by the Financial Conduct Authority
Our building insurance policies cover the following risks to the building (known as insurable perils)
- Escape of water
- Fire / Flood / Storm
- Subsidence or heave
- Vandalism
- Theft
- Accidental damage
- Impact damage
- Public liability
- Loss of rent
- Terrorism
We also advise on the following:
- Director’s and Officer’s Insurance (D&O)
- Engineering insurance
- Contents insurance
- Extended buildings insurance cover for properties that are sublet
- Buildings insurance revaluations
For more information, please contact property@gemestate.co.uk
Want to hear more?