Monteith has launched a specialist real estate insurance facility designed to address the growing issue of underinsurance in the UK commercial property market.
The new proposition, which went live on 8 July 2025, is designed to support property investors, developers, asset managers and factors across asset classes, including office, retail, industrial, leisure, healthcare, automotive, residential and mixed-use portfolios.
It also provides bespoke support for distressed, unoccupied and listed properties.
Scott McLuskey, managing director at Monteith, said the firm was “committed to elevating the delivery of property insurance advice, setting new standards of transparency, professionalism and service”.
He explained: “Our proposition has been designed in collaboration with global insurers, existing clients and trusted professional advisers to the real estate sector. We offer deeply personalised, value-led arrangements for clients that want to get more out of their insurance.”
Commercial property conundrum
The launch follows recent concerns around the adequacy of commercial property insurance. A BCIS report from May 2024 warned that inflation in material costs was increasing the risk of underinsurance for property owners, while research published by Insurance Times in March 2024 found that nearly half of commercial properties remained underinsured.
McLuskey added that Monteith aimed to help clients address the three most common reasons that insurance claims are declined.
This includes outdated coverage leading to underinsurance, failure to meet policy conditions and warranties and poor risk presentation to insurers.
Monteith’s facility includes enhancements such as inflationary uplift cover, an RICS underinsurance waiver, green upgrade cover and cyber protection for smart buildings.
The firm also emphasised its improved underwriting presentation process to secure cost-effective terms from A-rated insurers, including Lloyd’s syndicates.
Additional features of the facility include localised claims management, long-term agreement options, low-claims rebates and low-interest premium financing.