Mixed Use Property Insurance

Insurance for Mixed Use Premises (Commercial & Residential)

Not all commercial and residential property is entirely separate. Sometimes, you’ll find that residential units are part of a commercial property, such as a shop or office on the ground floor with residential flats above. You may want to think about not splitting the two and taking out an entirely separate insurance for both the commercial property and the residential units, as you can have both under one policy.

Why choose insurance for your Mixed-Use Property with Intasure?

Not all insurance providers offer cover for mixed-use buildings, and this can make it difficult to find suitable insurance for your requirements. However, as the freeholder or landlord of this type of property, you will need to comply with regulations pertaining to insurance, particularly if you are renting out the residential and commercial sides of the building separately.

This is particularly important if the residential units are leasehold properties. Leaseholders are usually required to show their mortgage providers that adequate building insurance is in force covering a range of perils as specified in the Council of Mortgage Lenders handbook. If you are simply renting the residential portion of the building, then we can help you with Landlords’ Contents insurance if required.

Similarly, the leaseholders or tenants of the commercial side of the building will also likely want to be sure that the landlord has suitable mixed-use building insurance in place.

Who can benefit from mixed commercial property insurance?

Mixed-use commercial and residential property insurance is particularly useful for those who manage, maintain and own mixed-use sites. This includes:

• Management companies
• Freeholders
• Landlords
• Property development companies
• Individuals or groups of individuals in multiple-occupancy commercial and residential properties