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Insurance

 

 

 

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It is important that the property is always appropriately insured to ensure that both your pension investment and us, as the legal owner of the property are adequately protected.

We offer a block insurance policy as part of our normal practice to insure SIPP and SSAS properties via our appointed insurance broker: Arthur J Gallagher (UK) Ltd (Financial Conduct Authority - Approved Broker) and underwritten by QBE Insurance Group Limited.

Arthur J Gallagher (UK) Ltd arranges Property Owners Insurance Policies on a portfolio basis, which allows Arthur J Gallagher to provide the following benefits, as opposed to comparable, stand alone arranged insurance cover:

  • Wider cover with low levels of policy excess

  • Enhanced policy limits

  • Enhanced claims service; including a nominated loss adjuster

  • Significant flexibility for properties that become unoccupied; no cover restrictions or premium increases for the current period of insurance

  • Blanket waiver of average included – Buildings claims will not be proportionately reduced if your asset is underinsured, subject to a valuation programme being in place and the reinstatement value being adjusted in intervening years between valuations, to reflect prevailing rate of inflation

Please Note: All policies are regularly reviewed to ensure that they maintain a comprehensive level of cover for the premiums payable.

Important Notes Section:

For the Policy Summary and Full Policy Wording, please see the documents at the side of the page.

* You are advised to read the Full Policy Wording Schedule (T&C) of the Property Owners’ Insurance Policy, as it forms part of your Contractual Agreement

You have the option to arrange Property Insurance via a broker of your choice but as it is held within a pension scheme, responsibility rests with Curtis Banks Ltd, therefore, we will need to review and agree the policy wording, assess the proposed level of cover and the associated exclusion clauses in order to confirm that all of the pension scheme requirements have been met.

Please Note: There is an additional charge of £200 plus VAT per annum to cover administration costs of undertaking such checks.