Case Study: Delivering fast, flexible cover for a time-sensitive property transaction

How expertise and speed enabled a same-day exchange

When time is tight and the stakes are high, our Private Client team delivers. This case study highlights how one of our specialists, James Egginton, arranged buildings insurance within hours for a new property purchase to enable a same-day exchange.

Client Profile

A high-net-worth individual purchasing a new property, requiring immediate buildings insurance to complete the transaction.

The Challenge

The client contacted us on the day they were due to exchange contracts. Suitable cover was needed urgently to avoid delaying the purchase. The rebuild value was initially estimated at a high level, which added complexity to securing terms quickly.

Our response

• Within 4 hours of initial contact, we provided terms.
• The client instructed us immediately, allowing them to complete the purchase on the same day.
• A desktop survey was arranged post-inception to validate the rebuild value.
• The survey revealed the sum insured could be reduced by £300,000, resulting in a 10% premium return to the client.

The Outcome

• The client exchanged and completed on time.
• The building valuation post inception ensured the policy reflected the true rebuild value.
• The client received a premium refund, demonstrating the value of our proactive approach.

Key Takeaway

This case showcases our ability to act decisively under pressure, secure accurate cover, and deliver financial value. Our speed, expertise, and insurer relationships ensure our clients are protected and supported at every stage.