Offering affordable cover for Residential Landlords of single or multiple properties with our Residential Property Owners policy.
Schemes: Lloyd's AXIS & Channel Syndicate 2015 at Lloyd’s
Features common to both schemes
Free £5,000 Landlords Contents when tenanted by professionals, students or DSS (Non-Referral). All white and brown goods included if supplied by the landlord
Accidental Damage to buildings is automatically included for professionals, students and DSS (Non-referrals)
Property Owner’s Liability £2,000,000 LOI
Loss of Rent 20% building sum insured, or up to £150,000 alternative accommodation except for unoccupied properties
Trace and Access up to £5,000
Accidental Damage to cables & underground services
Loss of Metered Water £2,500 any one claim, maximum £5,000 anyone period of insurance
Index linking in the event of a claim
Unauthorised use of utilities cover up to £5,000
Capital Additions - 10% of the building sum insured or £250,000 whichever is less
Landscaped gardens - following damage by emergency services £5,000 in anyone period of insurance
Removal of wasp and bee nests - £1,000 in anyone period of insurance (£50 excess applies)
Illegal cultivation of drugs - clean-up costs and remedial work in reinstating your building back to its original condition if the tenant alters the building without your knowledge - £5,000 in anyone period of insurance (not available if the building is unoccupied)
Damage caused by malicious persons authorised to be in any part of the building is unlimited subject to a satisfactory tenant's reference, otherwise cover is limited to £5,000
Properties that are unoccupied now benefit from the following recent changes
Pro-Rata Cancellation if policies are cancelled when unoccupied
Gold cover no longer has an inner limit for Theft or Attempted theft on Buildings cover
Property deemed as unoccupied after 60 days
If property becomes unattended for more than 30 days between 1st December and 28th February – water and oil supply need to be turned off at mains to be drained from tanks unless linked to a frost stat of 4 degrees 24 hours a day
Optional Extensions
Option to extend Property Owner's Liability to £5,000,000 LOI
Differing degrees of cover available when unoccupied (See document below for further details)
