Property Damage Insurance

We provide Property Damage Insurance for small and large companies across many sectors including construction, manufacturing, engineering, retail, distribution, technology and motor trade.

Our current clients include sole traders and large firms with hundreds of employees.

We get the best quotes because we work with more than 40 specialist insurers across Ireland, UK & Europe. We also have a team of qualified and experienced professionals as well as dedicated claims handlers.

What is Property Damage Insurance?

Property Damage Insurance provides protection for property owners and businesses in the event that their property is accidentally or maliciously damaged. The cover can extend to a range of risks (also called perils) such as fire, storm, flood, lightning, explosion, malicious damage, escape of water from burst pipes or tanks, impact by vehicles, theft or attempted theft, subsidence, oil leak or any accidental damage.

The policy can cover buildings, landlord fixtures and fittings, tenant’s improvements, contents, fixed plant and machinery, computer equipment, stock, customer goods in trust and fire brigade charges. Policy extensions can include Goods in Transit, Cash/Money, Loss of Licence or Mobile Property (regularly used away from the insured premises). Always subject to the policy terms and conditions.

Business Interruption (and/or loss of rent) is an essential cover for most businesses and is often included as part of a property damage policy. For more details on this cover please visit our Business Interruption Insurance page.

Examples of Property Damage Insurance Claims

A fire at a commercial property caused €75k worth of damage. Insurers paid the cost of repairs and the loss of rent.

An office was broken into overnight and €30k of equipment was damaged or stolen. The company successfully claimed from their property damage insurance for the replacement cost of the stolen goods and damage caused to the premises.

SPEAK TO AN EXPERT

Linda Cooney
Certified Insurance Practitioner
T: 0494327082
E: linda.cooney@mib.ie