Business Details
Specialist Home Insurance Solutions in Newark
Magnet Insurance is an independent insurance broker with extensive access to leading UK insurance providers, many of which are exclusively available through brokers like us. Our team of experienced professionals specialises in delivering tailored insurance solutions for properties that fall outside standard classifications, including listed buildings, high-value homes, and properties with complex histories. We pride ourselves on our ability to assess each case individually, ensuring clients receive comprehensive coverage at competitive rates while maintaining a commitment to exceptional service standards. Our approach combines direct client access to key decision-makers with a focus on sound underwriting practices, enabling prompt and informed policy decisions.With over a decade of expertise in niche property insurance, we work diligently to address the unique challenges faced by homeowners, landlords, and businesses requiring specialist coverage. Our services extend to unoccupied properties, renovation projects, and even model railway collections, reflecting our dedication to addressing diverse insurance needs. We operate under strict regulatory oversight from the Financial Conduct Authority, ensuring compliance with the highest industry standards while maintaining transparency in all client interactions.
Services
Home Insurance
Non-Standard Homes Insurance
Landlords Insurance
Unoccupied Properties Insurance
Renovation Insurance
Model Railway Insurance
Valuation Services
Building Works Insurance
Holiday Home Insurance
Adverse Credit Insurance
Highlights and features
- We have access to most UK insurance providers through broker-exclusive partnerships
- Our experienced team specialises in non-standard property insurance cases
- We consider all property types, including listed buildings and previously declined cases
- We provide tailored insurance solutions for complex property circumstances
- Our direct client access model enables prompt underwriting decisions
Associations and certifications
- Financial Conduct Authority
Services
Non-Standard Homes Insurance
We provide comprehensive insurance solutions for properties that don't meet standard insurer criteria, including listed buildings, timber-framed homes, and properties with subsidence or flooding history. Our policies cover structural risks while accommodating adverse credit records or previous insurance refusals. With access to specialist insurers, we deliver tailored protection for unique residential properties across the UK.
Unoccupied Property Insurance
Our specialist insurance protects properties left vacant for extended periods, covering risks like fire, vandalism, and weather damage. This service caters to homes awaiting sale, undergoing renovations, or temporarily unoccupied due to personal circumstances. Policies remain valid during building works and periods between tenancies, ensuring continuous protection for empty residential properties.
Home Renovation Insurance
We offer dedicated insurance for properties undergoing structural alterations, extensions, or major refurbishments. Our policies maintain coverage during unoccupied periods and include optional JCT contract compliance, party wall protection, and legal expenses. Flexible terms accommodate project timelines, ensuring comprehensive protection for home improvement projects of all scales.
Model Railway Insurance
Our specialist insurance protects model railway collections, clubs, and exhibitions with tailored policies. Developed through years of industry expertise, this coverage addresses the unique needs of model railway enthusiasts, including protection for display items, club equipment, and exhibition materials across the UK.
Valuation Services
We provide professional valuation services through accredited partners to ensure accurate insurance sums. This service prevents underinsurance penalties by calculating precise reinstatement costs for buildings, contents, and business interruptions. Independent assessments consider factors like VAT, demolition costs, and planning restrictions to determine appropriate coverage levels.
Questions
What types of non-standard properties do you insure?
We cover listed buildings, timber-framed homes, properties with subsidence history, thatched roofs, and high-risk occupations, along with cases involving adverse credit records or previous insurance refusals.
Can I get insurance for an unoccupied property?
Yes, we provide specialist cover for empty homes awaiting sale, undergoing renovations, or temporarily vacant, protecting against fire, vandalism, and weather-related damage during unoccupied periods.
Do you offer insurance for home renovation projects?
Yes, our renovation insurance covers structural works, extensions, and major refurbishments with flexible terms accommodating project timelines and JCT contract compliance requirements.
How do you handle valuation accuracy for insurance sums?
We partner with Chartered Surveyors to provide professional valuations ensuring accurate sums insured, preventing underinsurance penalties through detailed assessments of reinstatement costs and regulatory factors.
Is model railway collection insurance available?
Yes, we offer specialist coverage for model railway collections, clubs, and exhibitions through our dedicated modelrailwayinsurance.co.uk service, developed with industry-specific expertise.
What are your office hours for direct assistance?
Our team is available Monday to Friday 9:00-17:30 and Saturday 9:00-13:00 for policy discussions, claims support, and insurance advice through our Newark-based office.
Reviews (5)
Georgina Mills
Sep 03, 2021
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I am currently trying to deal with their claims department which is handled by third party Davies Group. The staff are not proactive. They never call back. I am doing all the chasing. I am asked questions which only a psychic could answer. The staff come across like they've lost the will to live and really can't be bothered and couldn't care less. So the moral of the story is, no point in having cheap insurance if you get absolutely no response or help if you need to make a claim!
Denis Cheek
Aug 21, 2021
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Positive:Value
Easy to complete the online questionnaire and pleasantly surprised at the eventual quote which was accepted. After acceptance the documents arrived very quickly and were clear, concise and complete.
Easy to complete the online questionnaire and pleasantly surprised at the eventual quote which was accepted. After acceptance the documents arrived very quickly and were clear, concise and complete.
Donna
Jul 28, 2021
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Magnet seemed good value, I have some issues around my property that need clarification from the underwriters, one year they were totally happy and gave me cover, this year they totally refused me cover on grounds irrelevant to my property, but exactly the same points as previous year when they were happy with the situation. Very disappointed in their lack of consistency
Nicola Jefferies
Jun 28, 2021
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Absolutely disgraceful company. This is just a broker and will expect you the purchaser of the insurance policy to chase any tradesmen needed for repairs yourself!! They won't even communicate between the tradespeople they want you to use. Ie, plumber and repair service but insist on passing out many different phone numbers. We have had to chase reports etc. I have never had such poor service and definitely won't ever use them again!!
Gaurav Bakshi
Jun 23, 2021
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Positive:Quality,Responsiveness,Value
Easy enough policy to take. Very competitive and rightly priced. Happy with the services so far.
Easy enough policy to take. Very competitive and rightly priced. Happy with the services so far.
