Hi All,
As most of you would be aware, copper pipes are a big target for thieves on constructions sites. This week we had an IP that we are managing on behalf of an owner broken into and all of the copper pipes under the house (gas/water etc) were cut and removed.
The house had been on the market for sale for 3 months prior to us taking on management. Police believe the thieves are scouting Real Estate websites looking for older style homes (more likely to have copper pipes) with under-floor access that have been vacant for some time.
Access under the house was secured by a large padlock however this didn't seem to stop the thieves gaining access.
The owners of the property did not notify their insurers that the property was vacant (a requirement if it will be vacant for more than 30 days on most policies) and as such now have to foot the bill themselves. It had already been vacant for over 90 days when we took on management.
To cut a long story short, ensure access to under your property (where applicable) is properly secured and if you have an alarm perhaps fit a sensor under the house (especially if you have copper pipes). Also make sure you notify your insurers if the property will be vacant for more than 30 days (commonly the case when selling or renting).
Hopefully none of you come across this, but definitely something to be aware of. Also, you should check your PM will advise your insurers on your behalf if the property is vacant for more than 30 days so you are still covered.
Cheers
Chris
As most of you would be aware, copper pipes are a big target for thieves on constructions sites. This week we had an IP that we are managing on behalf of an owner broken into and all of the copper pipes under the house (gas/water etc) were cut and removed.
The house had been on the market for sale for 3 months prior to us taking on management. Police believe the thieves are scouting Real Estate websites looking for older style homes (more likely to have copper pipes) with under-floor access that have been vacant for some time.
Access under the house was secured by a large padlock however this didn't seem to stop the thieves gaining access.
The owners of the property did not notify their insurers that the property was vacant (a requirement if it will be vacant for more than 30 days on most policies) and as such now have to foot the bill themselves. It had already been vacant for over 90 days when we took on management.
To cut a long story short, ensure access to under your property (where applicable) is properly secured and if you have an alarm perhaps fit a sensor under the house (especially if you have copper pipes). Also make sure you notify your insurers if the property will be vacant for more than 30 days (commonly the case when selling or renting).
Hopefully none of you come across this, but definitely something to be aware of. Also, you should check your PM will advise your insurers on your behalf if the property is vacant for more than 30 days so you are still covered.
Cheers
Chris