Latent Defects Insurance

Angus NananHead of Construction

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What we insure High value homes Listed properties Architecturally unique properties Properties constructed with unusual materials Contents of £100,000 or more Optional worldwide travel insurance for valuable items Cover details All risks cover Worldwide personal possessions cover Single items over £10,000 Choice of contractors for repairs  Pairs & sets cover Optional worldwide travel insurance for valuable items Why Kerry London? Dedicated Account Executive  Lloyd’s of London registered broker Access to a broad range of insurers Over 35 years experience In-house claims team

Request a quote

Home Insurance from Kerry London

If you own a high-value property and have valuable home contents, finding the right insurance policy to meet your needs can be time-consuming, so we have developed a range of policies and services specifically for you. Your Account Executive manages the complex process of insuring your property and possessions and provides the highest level of personal claims management.

Personal service

Our Private Clients experts will conduct a detailed review of your insurance needs, making sure that everything is protected should you find yourself in the unfortunate position of having to make a claim. By taking the time to thoroughly examine the cover you need, we can identify any shortfalls with your existing cover and check assumptions about cover limits, such as valuations, are up to date. We will also undertake regular cover reviews, either face-to-face or over the phone, to ensure your cover changes with your lifestyle.

.

Request a quote

If you would like to discuss your insurance requirements, or have a specific question about available cover, please contact Lee Partner, Head of Private Clients & Commercial, via the form below or call 07485 302649.

Contact name*Telephone*Email* Message*How did you hear about us?please selectAdvertEmailSearch Engine, e.g. GoogleRecommendationSocial MediaPartnershipOther

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At Kerry London we want to ensure that no customer, vulnerable (e.g. if you have hearing, speech or visual impairment) or otherwise is disadvantaged when it comes to arranging their insurance. Therefore, if you have any specific requirements or need additional support from us, please contact us on 020 8225 1000.

Independent advice and specialist cover

Our Private Clients experts will conduct a detailed review of your insurance needs, making sure that everything is protected should you find yourself in the unfortunate position of having to make a claim. By taking the time to thoroughly examine the cover you need, we can identify any shortfalls with your existing cover and check assumptions about cover limits, such as valuations, are up to date. We will also undertake regular cover reviews, either face-to-face or over the phone, to ensure your cover changes with your lifestyle.

Claims

When claims happen, we know that some things are irreplaceable, so we work with a range of specialists to find, replace, repair, or restore unique and cherished possessions whenever possible. We also provide you with an in-house dedicated claims handler to manage your insurance claim as quickly as possible.

What we insure High value jewellery Single items or collections Engagement & wedding rings Watches Heirlooms Unique items Gemstones Cover details Theft, accidental damage or loss  Cover for jewellery stored in a safe, bank, or safety deposit box Floating value limits Agreed value cover Worldwide jewellery cover away from home Pairs and sets replacement Loss in value for repairs Why Kerry London? Dedicated Account Executive  Lloyd’s of London registered broker Access to a broad range of insurers Over 35 years experience In-house claims team

Request a quote

High Value Jewellery Insurance

We can arrange insurance protection for your higher-value jewellery both inside and outside your property, at home and abroad. Kerry London can advise you on important details that ensure you are fully covered if you need to claim. For example, we can arrange cover that includes the option to retain damaged items (salvage), even if your insurance has replaced them. This means you can keep items that have sentimental value, regardless.

We offer cover on an agreed value basis to ensure transparent cover and claims settlement. Floating value limits make it easier for you to wear the pieces you want, without having to insure your whole collection while it’s not in a safe. We can arrange for pairs and sets to be replaced together if one item in a set is lost or damaged. You can choose to include cover for loss in value if an item reduces in value while being repaired.

Personal service

Our Private Clients experts will conduct a detailed review of your insurance needs, making sure that everything is protected should you find yourself in the unfortunate position of having to make a claim. By taking the time to thoroughly examine the cover you need, we can identify any shortfalls with your existing cover and check assumptions about cover limits, such as valuations, are up to date. We will also undertake regular cover reviews, either face-to-face or over the phone, to ensure your cover changes with your lifestyle.

.

Request a quote

If you would like to discuss your insurance requirements, or have a specific question about available cover, please contact Lee Partner, Head of Private Clients & Commercial, via the form below or call 07485 302649.

Contact name*Telephone*Email* Message*How did you hear about us?please selectAdvertEmailSearch Engine, e.g. GoogleRecommendationSocial MediaPartnershipOther

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At Kerry London we want to ensure that no customer, vulnerable (e.g. if you have hearing, speech or visual impairment) or otherwise is disadvantaged when it comes to arranging their insurance. Therefore, if you have any specific requirements or need additional support from us, please contact us on 020 8225 1000.

What we insure High value homes Listed properties Architecturally unique properties Properties constructed with unusual materials Contents of £100,000 or more Optional worldwide travel insurance for valuable items Cover details All risks cover Worldwide personal possessions cover Single items over £10,000 Choice of contractors for repairs  Pairs & sets cover Optional worldwide travel insurance for valuable items Why Kerry London? Dedicated Account Executive  Lloyd’s of London registered broker Access to a broad range of insurers Over 35 years experience In-house claims team

Request a quote

Home Insurance from Kerry London

If you own a high-value property and have valuable home contents, finding the right insurance policy to meet your needs can be time-consuming, so we have developed a range of policies and services specifically for you. Your Account Executive manages the complex process of insuring your property and possessions and provides the highest level of personal claims management.

Personal service

Our Private Clients experts will conduct a detailed review of your insurance needs, making sure that everything is protected should you find yourself in the unfortunate position of having to make a claim. By taking the time to thoroughly examine the cover you need, we can identify any shortfalls with your existing cover and check assumptions about cover limits, such as valuations, are up to date. We will also undertake regular cover reviews, either face-to-face or over the phone, to ensure your cover changes with your lifestyle.

.

Request a quote

If you would like to discuss your insurance requirements, or have a specific question about available cover, please contact Lee Partner, Head of Private Clients & Commercial, via the form below or call 07485 302649.

Contact name*Telephone*Email* Message*How did you hear about us?please selectAdvertEmailSearch Engine, e.g. GoogleRecommendationSocial MediaPartnershipOther

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At Kerry London we want to ensure that no customer, vulnerable (e.g. if you have hearing, speech or visual impairment) or otherwise is disadvantaged when it comes to arranging their insurance. Therefore, if you have any specific requirements or need additional support from us, please contact us on 0113 532 0843.

Posted by Angus Nanan, Head of Construction

A practical guide for Built-to-Rent, Co-Living and Purpose-Built Student Accommodation Developers

In construction, delays can translate into serious financial losses, especially for developers relying on timely rental income from Built-To-Rent (BTR) and Co-Living or Purpose-Built Student Accommodation (PBSU) schemes. Delay Start Up (DSU) Insurance protects against revenue loss caused by project delays following physical damage.

What is DSU Insurance?

Also known as Advanced Loss of Profits (ALOP) or Delayed Opening Insurance, DSU:

Covers loss of income and fixed costs when a project cannot start operations on time Is only triggered by physical damage covered under a Contractor’s All Risks (CAR) policy Applies from the originally scheduled completion date Key benefits for BTR, Co-Living and PBSA projects

Delays don’t just slow down a project, they impact viability. DSU Insurance can:

Replace lost rental income during the delay period Cover ongoing fixed costs (e.g. utilities, wages, property management) Offset increased debt servicing costs (e.g. interest, penalties) Compensate for temporary relocation costs for incoming tenants Core elements of a DSU policy

Coverage trigger:

Physical loss or damage (e.g. fire, flood) insured under the CAR policy Must result in a delay to project completion

Financial losses covered:

Rental income loss Operational expenses incurred during the delay Loan interest and financing penalties Additional operational or marketing costs

Common exclusions:

Delays not caused by physical damage (e.g. supply chain issues, poor management) Losses occurring after operations begin Strikes, government restrictions, or uncovered natural catastrophes

Indemnity period:

Pre-agreed time period (typically from 12 to 36 months) Starts from the intended completion date and ends when operations begin Real-world example: BTR development

Scenario:

A fire damages part of a BTR site 3 months before scheduled handover Completion is delayed by 6 months

Without DSU:

Lost rental income for 6 months Ongoing operational costs without revenue Penalties or increased interest on financing

With DSU:

Rental income covered for the delay period Fixed costs reimbursed Loan penalties or added interest compensated Making a DSU claim: What you’ll need

Accurate documentation is essential. Typical evidence includes:

Revenue forecasts showing expected income and costs Construction schedules proving the delay was caused by insured damage Lease agreements or pre-sales contracts showing lost income potential Loan agreements evidencing increased debt costs Invoices or payroll records for fixed costs still incurred during delay Relevance for Co-Living and PBSA projects

Co-Living and PBSA developments often depend on short-term tenancy income and planned move-in dates. DSU helps by covering:

Loss of income from signed tenancy agreements Temporary accommodation or relocation costs Extra marketing or incentives to fill delayed vacancies Why DSU Insurance matters to you

For developers in income-generating residential sectors:

DSU protects your revenue stream during insured delays It ensures financial resilience when external events disrupt delivery It’s a critical part of a well-structured construction insurance programme Need help navigating DSU cover?

Kerry London’s specialist construction team works closely with developers, funders, and insurers to tailor the right cover for your project. We’ll help you:

Understand your exposure Structure your CAR and DSU programme correctly Ensure your project is fully protected from start to start-up

Angus NananHead of Construction

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Get in touch to discuss DSU Insurance

0207 623 4957sales@kerrylondon.co.uk

Kerry London is authorised and regulated by the Financial Conduct Authority. The company is a leading UK independent and Lloyd’s registered broker, which means that we work with a wide range of niche and major insurers.

This note is not intended to give legal or financial advice, and, accordingly, it should not be relied upon for such or regarded as a comprehensive statement of the law and/or market practice in this area. In preparing this note, we have relied on information sourced from third parties, and we make no claims as to the completeness or accuracy of the information contained herein. You should not act upon information in this bulletin nor determine not to act without first seeking specific legal and/or specialist advice. We and our officers, employees or agents shall not be responsible for any loss whatsoever arising from the recipient’s reliance upon any information we provide herein and exclude liability for the content to the fullest extent permitted by law.