If you’re a property developer or lender, you’ve probably hit roadblocks when trying to secure insurance policies with specific lender clauses. Words like Co-Insured, First Loss Payee, Joint Names, Non-Vitiation, and Contractors All Risks (CAR) often stop quotes in their tracks. Here’s why — and how we solve it.
The Problem
These clauses aren’t standard — and most brokers simply don’t have the market relationships or technical expertise to deliver what lenders demand. This leads to:
- Delayed projects
- Failed completions
- Frustrated clients and solicitors
- Lost revenue
Why Lenders Are Strict
Post-Grenfell and with tougher compliance regulations, lenders now insist on tight control over policy wording. If these clauses are missing, they can refuse to fund the deal.
The Solution: Insurance-Desk’s Specialist Placement Team
We have access to niche underwriters who understand development finance and lender requirements. Our process ensures:
- Policies meet lender expectations first time
- Fast turnaround with direct insurer access
- Step-by-step support for your solicitor, lender and broker
What We Can Offer
✅ Co-Insured Clause
✅ First Loss Payee Clause
✅ Joint Names on the Policy
✅ Non-Vitiation Wording
✅ CAR (Contractors All Risks) Cover
✅ Existing Structure Cover for Refurb Projects
Your Next Step
If your lender has asked for these clauses and you’ve been told “it can’t be done” — get in touch. We’ll prove that it can.