Case Study: Swift solution for a non-standard property

Navigating insurance challenges for newly constructed homes

Securing insurance for newly built properties can be complex - especially when non-standard construction materials and high rebuild values are involved. This case study showcases how one of our Private Client specialists, James Egginton, delivered a fast solution for a client struggling to find suitable cover for their £2.9 million home.

Client Profile

A high-net-worth individual seeking buildings insurance for a newly constructed property with a rebuild value of £2.9 million. Due to the property's unique construction materials, the client had difficulty arranging cover through traditional channels.

The Challenge

The client required buildings insurance within 48 hours. However, the property's construction type and high rebuild cost posed challenges, with most insurers unable to respond within the required timeframe.

Our Response

Leveraging our strong insurer relationships, we acted swiftly to assess the risk and present the case. Within 24 hours we secured suitable cover - well ahead of the client's deadline. The policy was incepted (subject to a survey to confirm the adequacy of the sum insured) ensuring long-term protection and peace of mind.

The Outcome

• The client received cover within 24 hours - half the time originally required.
• The insurer provided a flexible solution, subject to survey to ensure the rebuild value was accurate.
• The client was impressed by our speed and expertise in navigating a complex risk.

Key Takeaway

This case highlights our ability to deliver under pressure, even when faced with non-standard properties. Our insurer relationships and proactive approach ensure our clients receive the protection they need.