Host: Suzi Carter Episode Title: Insurance isn't boring! 70% of property owners are under- insured!

In this episode, Suzi Carter interviews Josh Munt from Insurance Desk, focusing on the critical aspects of commercial property insurance. They discuss the importance of early engagement with insurance brokers, understanding lease obligations, and the significance of reinstatement values.

Josh emphasises the need for thorough policy reviews and the complexities involved in insuring commercial properties, especially during conversions and when dealing with uninsured risks.

The conversation highlights the necessity of being proactive in insurance matters to safeguard investments and ensure compliance with legal obligations.

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What You’ll Learn in This Episode:

1. Understanding the Insurance Process

• A breakdown of the property insurance process
• Key considerations for ensuring proper coverage

2. Lease Obligations and Insurance Requirements

• Understanding insurance responsibilities in lease agreements
• How to ensure compliance with lease terms

3. Navigating Uninsured Risks

• Identifying potential uninsured risks and how to address them
• Tips for protecting your investment from unexpected events

4. Insurance for Property Conversions

• Special considerations when insuring conversions
• Ensuring adequate coverage during and after the conversion process

5. The Role of Flood Insurance

• When and why flood insurance is necessary
• Evaluating flood risk for property investments

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Key Takeaways

• The importance of Insurance is often overlooked in commercial property investing.
• Engage with insurance brokers early in the process.
• Reinstatement values are crucial for adequate coverage.
• Communicate changes in property status to insurers promptly.
• Review insurance policies regularly to ensure adequacy.
• Understanding the details of insurance policies is essential.

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Learn More from This Episode’s Guests

Insurance-Desk Services is an independent insurance broker specialising in all types of property cover as well as construction, P.I and other commercial risks. For 20 years+, they have beenn providing professional advice, excellent service and competitive premiums.

Insurance can be complicated at the best of times let alone when there are JCT contracts and lenders involved. The insurance provisions are detailed and need to be understood.

🌐 www.insurance-desk.com ✉️ [email protected] 📳 01296 329610