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Practice paper

Void property: The hidden pitfalls of arranging insurance cover and adhering to terms and conditions

Trevor M. Palmer
Journal of Building Survey, Appraisal & Valuation, 1 (4), 325-332 (2012)
https://doi.org/10.69554/UUAF6776

Abstract

When a property becomes void, all interested parties and insurance brokers must work together to adhere to the additional conditions that are likely 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 insurance conditions can result in uninsured losses adding further to the burden of costs a void property already had on a portfolio.

Keywords: void property; vacant property; insurance empty premises; vacant units

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Citation

Palmer, Trevor M. (2012, December 1). Void property: The hidden pitfalls of arranging insurance cover and adhering to terms and conditions. In the Journal of Building Survey, Appraisal & Valuation, Volume 1, Issue 4. https://doi.org/10.69554/UUAF6776.

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cover image, Journal of Building Survey, Appraisal & Valuation
Journal of Building Survey, Appraisal & Valuation
Volume 1 / Issue 4
© Henry Stewart
Publications LLP

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