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NBS Updates

Short-Term Unoccupied Household Product Rate Reduction

NBS Underwriting

13 December 2022

We’re pleased to announce we have undertaken a review of our rates, in conjunction with our insurer partner ‘Tokio Marine HCC’ and are now able to offer more competitive prices on our short-term unoccupied household insurance product.

Homes can be unoccupied for a variety of reasons, such as probate, awaiting tenants, extended holidays, property sale, or refurbishment and building work. We know it is important for brokers to be able to offer their clients a specialist unoccupied insurance policy that provides the right level of cover which meets their needs.

Our short-term unoccupied product is part of our household insurance portfolio and is designed to insure residential properties up to 1.5 million sums insured for policy terms of 3, 6 or 12 months.

Key benefits of our short-term unoccupied insurance:

  • Multiple levels of cover ranging from FLEA to full cover
  • Ability to offer 3, 6 or 12 month policies
  • Cover for risks up to a maximum of £1.5 million
  • Cover for unoccupied due to refurbishment / building works up to £250,000
  • Low escape of water excess
  • ‘A’ rated insurer partnership
  • Quick turn around on quotations
  • Competitive rates

Our other household products offer a wide range of cover from standard and non-standard buildings, contents, fittings and belongings. We have a range of cover for residential properties, holiday homes, holiday lets and higher worth clients. For more information on all our products visit our products page.

As part of our commitment to respond to the market and offer comprehensive products specifically designed around our broker’s needs. We are currently developing a new unoccupied commercial property product, so please look out for this in 2023.

Click here to obtain a quotation or call our underwriting team on 0333 032 5000.

Click here for more information on our short-term unoccupied household product.