Specialist policy wordings for property owners, offering extremely broad coverage, are now widely available and focus is once again on the administration of insurance portfolios, and the covers available to “get a deal home”, like Environmental indemnities or land guarantees.
It is important that the insurer chosen fits the service proposition required by the property owner. Some insurers will include, for example, an insurance valuation service.
A particular recent development is insuring solar farms on roof space and arranging cover for the income or energy saving cost arising, requiring a property owner’s insurance to include trading revenue as a power generator .
Increasingly tenants are asking for premiums to be justified and any commissions retained by the property owner are being challenged.