UK insurers warn of damage by squatters
Insurance companies are warning UK property owners to ensure that they have adequate levels of legal expenses cover in case of occuption by squatters.
More than 20,000 squatters are believed to be occupying empty buildings across the UK. While residential properties seem to attract the majority of these unwanted visitors, business premises and commercial buidings have also fallen victim to this practice.
Once squatters have accessed empty property, it is a costly and lengthy business to eventual eviction. One expert on such matters advises that UK property owners ensure appropriate security measures are in place to deter would-be unofficial residents.
Legal bills to remove squatters can run into thousand of pounds, which can be avoided by maintaining regular checks on empty homes or premises and ensuring that all mains services are turned off and that secure locks are fitted.
If you own a property that is currently vacant, please take note, as insurers are not deemed liable for damage if it is felt that suitable measures are not in place to secure an empty property.