Magenta Insurance, a Chartered Insurance Underwriting Agent, specialises in non-standard residential property. For over 32 years, we’ve provided innovative solutions for non-standard home and unoccupied property risks. Partnering with BIBA, we offer flexible coverage with A-rated insurers, often providing cover where others cannot.
Target Risks
- Non-standard construction
- Poor claims history
- Criminal convictions, CCJs & Bankruptcy / Insurance Declined / cancelled.
- Listed buildings
- Previous subsidence
- Non-clerical business use
- Part lets / Lodgers
- Extended unoccupancy
- Flood risk / previously flooded
Key Policy Features
Home Cover:
- Up to £1.5M BSI / £150k CSI (higher sums insured available on request)
- Valuables cover
- Legal Expenses
- Trace & Access
- Property Owners liability
- Alternative Accommodation
- Option to add Home Emergency
Unoccupied Cover (Magenta Portal):
- Short-term cover available (minimum 1 month), extendable 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
Unoccupied Cover (E-Trade) – available on request
- Up to £1.5M BSI / £100k CSI
- Three levels of cover available
Key Benefits to Members:
- In-house, experienced residential property underwriters for difficult-to-place risks
- Flexible underwriting
- No minimum business levels required
