We are all reasonably familiar with the concept of property insurance, such as house and contents insurance and buildings insurance. But did you know that it is also possible to insure a plot of land? While it seems that there isn’t too much that can go wrong with a piece of land, there are issues that could end up costing you money, unless you protect yourself.
What is land insurance?
Land insurance is primarily designed to protect the owners of land against the financial cost of claims from anyone who accesses their land and is either injured or their property is damaged. This is basically public liability insurance, but by talking to an expert broker, you can also include other types of insurance in your land insurance policy. That could be everything from cover to protect public access, employer’s liability insurance to protect employees working on your land, cover for legal expenses and cover to protect you against material damage to walls, fences, gates and even street lighting.
What kind of land can you protect with insurance?
Almost any kind of land can be protected with insurance. One of the most popular types of land insurance is to protect private roads and accesses. While this may be expensive for one person to take out, if there are multiple residents or occupants then a collective policy can be arranged to protect the rights and interests of everyone. But other types of land can be covered too, including woodland, vacant plots, brownfield development sites and pasture.
How we can help
For over 30 years, Park Insurance has been providing clients with the very best in specialised insurance policies. Our expert advisers are fully qualified and regulated and are able to help you put together a land insurance policy that will protect your interests, and at an affordable price. As a preferred broker to many of the largest insurance providers in the UK, Park Insurance has a unique ability to match the right package to the right customer. We can help with everything from public and private liability insurance, through to buildings insurance, personal indemnity and loss of earnings insurance.