Landlords Insurance

[july]

I have bought a shop front residence. To date, the building has been used only as a residence so there has been no issue with landlords insurance, now someone wants to rent the property and use the front space as a shop. If anyone has the same situation I would appreciate any advice me on what type of insurance they have and who it goes through.
Thanks

 

[warreng]

July,

If the front part is to be used as a shop, then the property will have to be insured under a business policy and you will end up with having to take out cover for fire and public liability as the main ones.

Then you have to work out who will be responsible the front windows. I believe tenants should be paying for the glass and they should have their own liability cover.

You are really moving away from the normal ip.

Hope this helps,

Warren

 

[bundy1964]

Hi july

I have commercial property owners policy through SGIC/NRMA. CGU also have a policy but it was more expensive at that time.

bundy