Property Risk Services - FAQS

Why should I consider Thomas, Carroll for my property assets?

We regard Property Investment as a specialist insurance sector and we offer property and income cover for investors which would ordinarily be found in the London Market.

What type of Landlord and Property Investor clients do you have?

We arrange insurance cover and provide risk management advice for the full spectrum of the property market: residential buy to let landlords, blocks of flats, commercial, office, retail and industrial - including complex portfolio with overseas assets.

How do I guard against inadequate rebuilding costs for my property?

We arrange insurance cover with an automatic 30% inflation factor and our commercial scheme facility does not have any under insurance clause. We recommend the use of a R.I.C.S valuation and their Building Cost Information Service.

How do I adequately cover the income and yield from my property assets?

We include rent cover until such time as your property is repaired, reinstated or replaced following an insured event and until your property is tenanted and you receive the same level of rent including any planned increases.

What if I carry out alterations to my property?

You should advise us of any changes, however you do enjoy automatic cover for alterations and additions, contract works cover is provided and we provide automatic cover for newly acquired properties.

What is the position if my property becomes vacant and not in active use?

You should advise us of these changes, however, it may be possible to maintain full cover, subject to you taking certain precautions after 30 days. We recognise the difficulties with vacant business rates and reduced portfolio yield with void periods so we work actively to provide cost effective cover.

My tenants suggest they can obtain more competitive building premiums?

We fully understand that maintaining the goodwill of tenants is essential, particularly at the present time and we will work with landlords to be flexible and helpful with demise level premiums. However, you benefit from an excellent level of protection at present and it is unlikely that the tenant will have a true comparative quotation.

Important Note:

The above general answers assume that you currently benefit from our flagship Thomas, Carroll Property Select full policy wording. If you have any specific cover queries please refer them to one of our team.