Understanding Residential and Commercial Property Insurance

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Course Overview

Part 1 - Understanding Commercial Property Insurance

This section of the course will examine the relevance of insurance in relation to sales, leases and mortgages of commercial properties. Lecturer Richard Quenby will discuss the key terms and concepts which viewers must be aware of if they are to provide practical guidance in the application of varying insurance provisions.

The types of insurance products which are available will also be considered, in addition to insurable interests, reinstatement obligations and insurance on the grant of a mortgage.

Part 2 – Understanding Residential Property Insurance

This section of the course will examine the range of issues that conveyances need to be aware of when dealing with residential property insurance. Richard will review the requirements of the Council of Mortgage Lenders (CML) handbook in relation to residential property insurance for both freehold and leasehold properties.

With over 5 million UK homes at risk of flooding, and with this number only set to rise, this course will also provide an up to date position in relation to flood damage and will consider the effects of Flood Re which begins in 2015.

What are the requirements?

  • Watch 2 hour recorded webinar
  • This course provides two CPD points.

Learning Outcomes

  • On completion of this course you will:

    • Be familiar with the key terms and concepts which apply to commercial property insurance and the various products available
    • Understand how to get the right commercial property insurance and how to advise the client accordingly
    • Understand the relevant categories of residential property insurance
    • Appreciate the typical risks associated with building insurance, the typical exclusions which apply and the issues associated with underinsurance and averaging
    • Be aware of the CML requirements in respect of freehold and leasehold properties
    • Have considered the Law Society’s practice note in respect of flooding
    • Understand what a flood is and the typical cover available in addition to the exclusions which apply
    • Appreciate the danger of flooding as an uninsured risk and the withdrawal of the Statement of Principles

What is the target audience?

  • This course will be of interest to residential and commercial practitioners of all levels, including trainees, paralegals and legal executives, who would like a greater understanding of property insurance.



About Instructor - Richard Quenby

Richard was called to the Bar in 1985. For the next thirteen years he practised at the Chancery Bar in Manchester, where he specialised in landlord and tenant, commercial property and insolvency work.

Richard now works as a freelance writer, tutor and lecturer. His published articles have appeared in Estates Gazette, Property Week, Legal Week and The Lawyer. He is also the co-author of Flat Schemes in Residential and Mixed Use Developments, published by Bloomsbury Publishing.

Course Curriculum

recorded webinars

  • Part 1
  • Part 2


  • Notes
    26 Page
  • Notes
    15 Page


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