Property Owners


M & N has dealt with Property Owners business for over 40 years. The arrangements in place provide the highest levels of cover with the minimum documentary requirements on advantageous terms. Insurers have placed dedicated underwriters at our disposal to provide our clients with a rapid quotation response.

In recent years, the Court of Appeal has dealt with the rights of a Tenant to challenge the amount of insurance premium charged by a Landlord under a Lease. The Court of Appeal made it clear that in certain instances a Landlord is under a legal obligation to obtain the best product in the marketplace, which principally relates to the amount of premium chargeable but may also extend to the scope of cover held.

Tenants Insurance

In these cost conscious times, Tenants are becoming increasingly aware of their legal rights. If they feel that savings can be made, they will not hesitate to challenge a Landlord’s choice of Insurer, and it is clear from the Court of Appeal’s decision that if the Lease wording is drafted in a certain manner often found in commercial Leases, tenants can legitimately challenge the amount of premium paid.

 


Landlords Insurance

WHAT HAPPENS IF A PROPERTY IS IN A SPECIAL RISK CATEGORY

We can in most cases, place risks with an adverse claims history provided that any suggestions or requirements are actioned within agreed timescales. If we are presented with an adverse risk that does not fall within the scope of the normal market acceptance, we have special arrangements with our Lloyds Brokers to accept these risks subject to any terms being applied.

Our Property Owners section will provide

  • You with a detailed review of your current insurance cover and premium
  • a rapid quotation, claims  and administrative service
  • “Sleepeasy cover,” available giving you complete peace of mind, knowing that your asset is protected by quality insurers with administrative requirements kept to a minimum
  • an individual claims service
  • Debit tenants for the insurance premium if requested
  • Discounts by prior arrangement for the larger Property Investor