Common questions Residential Property Managers ask about insurance

For many residential property managers, arranging property insurance for your residential property blocks can be overwhelming. As residential property managers, you often find yourself trying to work your way through the diverse risks that come with these properties, complex policies (full of legal jargon) and endless questions from your clients so that you can meet their expectations. Here are some of the most common questions we hear from managing agents and how Eggar Forrester Insurance can help.

1. How do I know if my clients' properties are underinsured?

Underinsurance is when a property is insured for less than its actual rebuild cost. This means the residential property company would be liable for any shortfall so that the building is restored. We can direct you to an RICS approved surveyor to ensure the declared value is adequate.

2. How do I manage a property with specialist risks, such as listed buildings or flood zones?

We work with insurers who specialize in high-risk and non-standard properties, ensuring you’ll get the correct level of cover you need for your clients. Working with a specialist insurer means you’ll get a better level of cover for the best price because they can manage the risk profile properly.

3. What makes your claims service different?

Instead of navigating multiple departments, you’ll have a dedicated claims handler from our in-house claims team. They will manage the process from start to finish, which means your claim will be resolved quickly and you’ll have clear communication from a dedicated point of contact.

4. Can you provide quotes for multiple residential blocks at once?

Yes, we can provide bespoke policies that cover multiple buildings under a single, streamlined agreement.

Why choose Eggar Forrester for your residential property insurance?

Working with Eggar Forrester means more than just securing an insurance policy – you’ll see us as a valued partner who can simplify your role and protect your clients.

Here’s how we help:

1.      Comprehensive Consultation: We start by understanding the unique needs of your residential property portfolio.

2.      Tailored Coverage: Our network of trusted insurers ensures competitive, customised coverage.

3.      Seamless Claims Handling: Our dedicated in-house claims team manages every step of the process.

4.      Ongoing Risk Management: We’re here to support you long after the policy is in place, offering expert advice as your needs evolve.

With Eggar Forrester, you’ll have confidence that your clients’ properties are fully protected, and that you have the expert support you need to manage any challenges that arise. We will ensure to flag anything that stands out in risk to ensure you can make an informed decision.