Specialist insurance for mixed use buildings, covering commercial and residential elements under one tailored policy.
Our mixed use landlord insurance can include the below cover options and more.
Mixed use landlord insurance covering the building, landlord's contents, and communal areas across residential and commercial parts of the property.
Property owners' liability cover protecting against third-party injury or property damage claims linked to your mixed commercial and residential building.
Loss of rent cover helping protect rental income if an insured event leaves part or all of the mixed-use property uninhabitable or unusable.
Optional malicious damage by tenants cover for deliberate damage caused to the residential or commercial parts of your mixed-use property.
Unoccupied property extensions for mixed-use landlord buildings during void periods, refurbishment works, or temporary vacancies in part of the premises.
Legal expenses insurance to help with tenancy disputes, recovery issues, and insured legal costs affecting mixed use landlords and property owners.
Mixed commercial and residential landlord insurance is designed for buildings that include both residential lets and commercial tenants. It provides protection for property owners who need a specialist policy to cover the whole building.
Policies can include buildings and contents, property owners liability, loss of rent, and optional extensions for unoccupied periods or malicious damage by tenants.
Mixed use properties can be tricky to insure, but we make it simple. We compare a panel of insurers and find the right mix of cover for your property.
Whether you own a shop with flats above or a property with mixed tenants, we will help you protect your investment.
Call us on 0345 017 9795 for advice.
Our experienced team will help you arrange mixed use landlord insurance quickly and with clear advice from start to finish.
Contact us today about mixed use landlord insurance. Call 0345 017 9795 or email info@cityinsurance.co.uk.
Opening times: Mon-Fri 08:40 to 17:00, Sat 09:00 to 12:00, Sun Closed.
Mixed use landlord insurance is designed for property owners whose buildings contain both commercial and residential premises.
A common example is a high street property with a shop, café or office on the ground floor and one or more residential flats above. Other properties may contain several commercial units alongside residential accommodation, or have different parts of the same building occupied for different purposes.
These properties can present different risks from buildings used solely for residential or commercial purposes. Mixed use landlord insurance allows the different elements of the property to be considered together so that suitable cover can be arranged for the building as a whole.
At City Insurance, we can help arrange cover based on the individual property, its occupants and how each part of the premises is used.
Mixed use buildings come in many forms, and the combination of commercial and residential occupants can vary considerably.
A mixed use building combines risks associated with both residential and commercial occupation.
A residential landlord policy may not be appropriate for a building that also contains commercial premises, while a policy designed for a purely commercial property may not adequately reflect residential tenants within the building.
Arranging the building under an appropriate mixed use property insurance policy means the insurer can consider the complete occupancy of the premises when assessing the risk.
The exact cover will depend on the property, insurer and policy selected, but mixed use landlord insurance can combine several important areas of protection.
Buildings cover protects the insured structure of the property against specified risks such as fire, storm, flood and escape of water, subject to the terms and exclusions of the policy.
For a mixed use property, this can allow the commercial and residential parts of the building to be insured as one property rather than treating each section in isolation.
If you provide furniture, appliances or other contents within residential accommodation or communal areas, landlord contents insurance may also be available.
Commercial tenants will normally need to arrange appropriate insurance for their own stock, contents, equipment and business activities.
Owning a property creates potential liabilities if somebody is injured or their property is damaged and you are legally responsible.
This can be particularly relevant in mixed use buildings where tenants, customers, visitors, contractors and members of the public may use or pass through different areas of the premises.
If an insured event makes part of the property unusable, you could lose rental income while repairs are carried out.
Loss of rent cover can help protect insured rental income following covered damage, subject to the limits and conditions of the policy.
For mixed use landlords, this can be particularly important where rental income comes from several residential and commercial tenants.
Depending on the policy and insurer, cover may be available for malicious damage deliberately caused by tenants.
Optional legal expenses cover may provide assistance with certain insured legal disputes and costs associated with owning and letting the property.
A shop with flats above is one of the most common examples of a mixed commercial and residential property.
Although the building may be a single structure, it contains two different types of occupancy. The commercial unit may be visited by employees, customers and suppliers, while the residential part of the building is occupied by tenants.
The nature of the shop also matters. A retailer, office, takeaway, restaurant or beauty salon can each present different risks to the building.
When arranging insurance, you may therefore be asked about both the residential accommodation and the business operating from the commercial premises.
City Insurance can compare suitable options from our panel of insurers and help arrange cover for the building based on its particular combination of occupants.
Properties containing cafés, restaurants and takeaways can require particular consideration because commercial cooking, extraction equipment and other activities may affect the risk presented by the building.
Where residential accommodation is located above or alongside the commercial premises, an incident within one unit could potentially affect other areas of the property.
Insurers may therefore want detailed information about the commercial tenant, the activities carried out at the premises and relevant fire protection or risk management measures.
Providing accurate information about the business occupying the commercial unit helps insurers assess the property correctly and identify appropriate cover.
There is no single price for mixed use landlord insurance because premiums depend on the characteristics and use of the individual property.
Properties containing certain commercial activities may require more specialist underwriting than properties occupied by lower-risk businesses.
The best way to establish the cost is therefore to obtain a quote based on the specific building and its occupants.
Mixed use properties do not always become completely unoccupied at once.
A commercial tenant might leave while the residential flats remain occupied, or a residential flat might be empty between tenancies while businesses continue trading elsewhere in the building.
This can be important from an insurance perspective.
Policies can contain conditions relating to unoccupied areas, and the insurer may need to be informed when part of the premises becomes vacant for a certain period.
If the occupancy of your property changes during the policy, speak to your insurer or broker to make sure your cover continues to reflect how the building is being used.
Having information about the property available can make obtaining a quote easier.
You may be asked for details including:
For commercial units, it is important to describe what the tenant actually does at the premises rather than simply stating that the unit is commercially occupied.
Mixed use landlord insurance is designed primarily to protect the property owner's interests.
The landlord's policy and tenants' insurance serve different purposes and should not be assumed to cover the same property or risks.
Commercial tenants will generally need to arrange their own insurance for the risks associated with their business. Depending on the business, this could include contents, stock, equipment, public liability, employers' liability, business interruption and other specialist covers.
Similarly, residential tenants may choose to arrange their own contents insurance for their personal belongings.
Every mixed use property is different. The businesses operating from the commercial units, the residential occupants, the layout of the building and the rental income involved can all influence the cover required.
City Insurance can help you identify suitable cover and compare options from our panel of insurers for your mixed commercial and residential property.
Whether you own a single shop with a flat above or a portfolio containing several mixed use buildings, speak to our team about your requirements.
Get a mixed use landlord insurance quote or call 0345 017 9795 to speak to our team.
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