Archive

March 2018 (1)

December 2017 (1)

February 2017 (1)

November 2015 (1)

July 2015 (1)

June 2015 (1)

April 2015 (1)

February 2015 (1)

October 2014 (1)

September 2014 (2)

August 2014 (1)

June 2014 (2)

April 2014 (1)

March 2014 (1)

February 2014 (1)

December 2013 (4)

August 2013 (4)

May 2013 (2)

April 2013 (3)

March 2013 (3)

February 2013 (2)

January 2013 (1)

December 2012 (4)

November 2012 (1)

October 2012 (2)

September 2012 (2)

August 2012 (1)

July 2012 (1)

June 2012 (1)

May 2012 (4)

April 2012 (3)

March 2012 (3)

February 2012 (4)

January 2012 (3)

December 2011 (2)

November 2011 (4)

October 2011 (2)

September 2011 (4)

August 2011 (4)

July 2011 (3)

June 2011 (7)

May 2011 (8)

April 2011 (4)

March 2011 (6)

February 2011 (7)

September 2010 (2)

July 2010 (1)

 

 

CANNABIS FACTORIES : Warning to Landlords

Aviva has reported 30% year-on-year increase in claims arising from cannabis seizures, the highest level since it started recording the data in 20071.

Nationally there were 643,510 cannabis plants seized in 2008/9 and this increased by 18% to 758,700 in 2009/10.

Matthew Gordon, underwriting manager, property owners, at Aviva said: “Despite the upgrade of cannabis to a class B drug two years ago the industry continues to grow. We settled 92 cannabis farming claims last year, which is the highest number Aviva has ever recorded.

“Almost all of the properties were residential and we often find that it is part of a larger operation or that the policyholder has had a couple of properties affected. Cannabis farming comes with serious risks for landlords; properties can be completely ruined inside to make space for plants, water damage can occur and fire poses a risk due to interference with electrics or strong lighting left on for a long time.

“Property owners must be vigilant and there are some simple steps that can be taken. We would advise thorough checks on tenants and regular visits to properties - both internal and external inspections. Permanently closed curtains, blacked out windows and strong smells are all signs that there may be a cannabis factory on your premises.”

 

Richard Anthony Oakes, Sharon Linda Oakes & Ashley Burton trading as Oakes Insurance Consultants are
authorised and regulated by the Financial Services Authority. Number 307170

Registered office: Oakes House, Derby Road, Long Eaton, Nottingham NG10 1PD