Making the most of Property Inspections
Typically, commercial property that remains empty for more than 30 days must comply with specific conditions for insurance to remain in place.
When a client took possession of a large vacant pub their insurance was invalidated once it was realised the property had previously been subject to illegal occupation and there was little or no security in place.
Once security was put in place it was a standard requirement of the insurance company that regular physical property inspections were set in place to check on security, further intrusion attempts and property damage.
The Clearway Solution…
Clearways’ property inspection service is thorough. The initial property inspection included draining-down water systems, switching off electricity, gas and water supplies, removing of all waste/rubbish including flammable and hazardous materials, sealing the letterbox (to avoid the risk of arson) and changing the locks.
We continued to carry-out property inspections every seven days, reporting-back on the general condition of the site and integrity of the security.
The client’s property insurance was reinstated and the property remained in good condition, protected from unwanted intrusion and further damage, until the new owner developed the site.