Managing Buildings Insurance Claims
As Managing Agents lpm are generally responsible for managing multiple communal buildings insurance policies for our flatted developments. Once we are made aware of a potential Buildings Insurance Peril related incident, we appoint a suitable insurance approved sub-contractor to assist with arranging to survey the damage and provide us with a report which is subsequently sent to our brokers, Deacons to review and consider validation.
When claims are made, depending on the scope of works required to reinstate damages, our insurance representatives may appoint an external loss adjusting firm to assist with validating a claim.
The insurance claim process can take on average 3-6 weeks to process and conclude which can vary depending on the nature of specific claims which may require assistance from external parties or indeed if there is a high volume of incidents at the one time, such as damages as a result of Storms which usually affects multiple properties.
At lpm we dedicate our time to ensure that any incidents are rectified as quickly as possible as we appreciate that outstanding works, particularly in properties can cause a great deal of inconvenience for proprietors.
For updates on any outstanding insurance claims, contact your appointed Estates Manager
We would like to take the opportunity to remind homeowners that any properties which may be unoccupied for 30 days or more must be routinely checked otherwise the insurer may reserve the right to repudiate any claims.
We would urge homeowners to always keep your personal contact information current with our office to allow us to notify you of any incidents affecting your property.
lpm Doing it the right way