Macmillan Sheikh delivers unoccupied property insurance scheme

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Macmillan Sheikh has launched a scheme for unoccupied commercial and residential properties designed to offer cover to premises which are for sale, to let, undergoing renovation or in probate.

The schemes broker and underwriting agent claimed the new offering was in response to requests from its intermediary panel.

The company noted that there were approaching 1,000,000 domestic dwellings and several hundred thousand commercial premises vacant in the UK.

Cover can be tailored to suit the individual landlord or commercial property owner with a range of optional covers available focused on those perils where the risk is enhanced by the property being empty such as water issues, theft

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