magenta insurance is an established Chartered Insurance Underwriting Agent specialising in non-standard residential property.

We have been providing solutions to the broking community for non-standard home and unoccupied residential property risks for over 32 years.

Working closely with BIBA, we’re always looking to expand our relationships within the broker community as part of our mission to do our best to protect and support you and your clients, especially during these uncertain times.

With 3 long-established relationships with A-rated insurers, we are able to be flexible in our approach to supporting your business. We are often able to provide cover where others cannot.

Target risks

  • Non-standard construction
  • Unoccupied properties
  • Poor claims history
  • Criminal convictions
  • Listed buildings
  • Previous insurance declinatures, refusals or cancellations
  • Properties used partly for business
  • Previous subsidence
  • Non clerical business use
  • CCJ’s & Bankruptcy
  • B&B, part / full lets and lodgers
  • Extended holidays
  • Flood risk / previously flooded

Key policy features

Home Cover

  • Up to £1.5M BSI / £150k CSI (higher sums insured available on request)
  • Valuables cover
  • Away from Home cover for personal possessions
  • Legal Expenses
  • Trace & Access
  • Property Owners liability
  • Alternative Accommodation
  • Option to add Accidental Damage
  • Option to add Pedal Cycles
  • Option to add Home Emergency

Unoccupied Cover

Short term cover available (minimum 1 month cover), can be extended thereafter.

  • Up to £1.5M BSI / £100k CSI
  • Fire/Lightning/Earthquake/Aircraft
  • Storm/Flood/weight of snow
  • Escape of Oil and Water
  • Theft
  • Subsidence, heave and landslip
  • Property Owners liability
  • Contents cover available on request

Key benefits to members

  • In-house, experienced residential property underwriters readily available to help provide solutions to your difficult to place risks.
  • Direct access to magenta products remotely via in-house portal.
  • Flexible underwriting.
  • No minimum business levels required.
  • Special BIBA member commission rates available.
  • Product will soon be available via Applied Systems and Acturis.

 

 

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