Rapid Insurance for Repossessed & Auction-Bound Buildings
When assets change hands under pressure—repossession, administration, LPA receivership or auction—you need immediate, compliant insurance that reflects vacant or distressed status. SRS Insurance delivers same-day quotes and documents, aligning cover to legal and auction timelines.
Why You Need Specialist Repossession Cover
Mainstream policies typically won’t touch properties that are:
- Vacant, boarded or unsecured
- Under receivership, liquidation, or administration
- Pre-auction with uncertain occupancy
- Without tenants or clear possession status
Specialist underwriting ensures the right terms, correct wording, and practical conditions for inspection and security—so cover responds when it matters.
What Our Policies Can Include
- FLEA: Fire, Lightning, Explosion, Aircraft
- Malicious Damage
- Theft & Vandalism (optional)
- Escape of Water
- Property Owners’ (Public) Liability
- Legal Expenses & Squatter Eviction
- Short-Term Loss of Rent (where applicable)
Assets covered: residential, commercial, mixed-use, portfolios in administration, and auction stock.
Common Risk Traps to Avoid
- Delays from non-specialist insurers → jeopardises legal/auction dates
- Non-disclosure/misrepresentation (e.g., not stating “unoccupied/repossessed”) → can void claims
- Unworkable inspection terms → SRS helps you implement practical weekly inspections, water isolation/drain-down, and security steps that satisfy conditions
FAQs for Professionals
Yes—even long-vacant or distressed assets.
Yes—documents can be issued in advance, subject to due diligence.
Absolutely—portfolio policies for receivers, auctioneers and insolvency teams.
We place risks with underwriters who understand distressed assets and tougher postcodes.
Yes—noted by default unless you instruct otherwise.
How SRS Supports Receivers, Insolvency & Auction Teams
- Dedicated point-of-contact and same-day turnaround
- Audit of existing cover and gap analysis where borrower policies exist
- Practical guidance on inspection/security compliance
- Claims support, loss mitigation, and clear documentation for courts and auctions
Why Choose SRS Insurance
- Specialists in vacant, repossessed and distressed property
- Access to leading UK specialist underwriters
- Short-term (3–12 months) and rolling terms; easy mid-term changes
- Transparent pricing and paperwork your legal team will appreciate