Residential Property Owners

Offering competitive rates for students, DSS referrals and asylum seekers, take advantage of our Residential Property Owners policy.

Schemes: Let Assured

Features

• Landlords Contents up to £5,000 can be provided free of charge. This applies to all tenant types, except Unoccupied

• Accidental Damage under buildings and contents can be included free of charge, if the property is occupied by the following tenant types: 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 £10,000 in any one period of insurance
  
• Accidental Damage to cables & underground services
  
• Loss of Metered Water £2,500 any one claim, maximum £5,000 any one period of insurance
  
• The buildings sum insured will benefit from index linking, in line with the House Rebuilding Cost Index, issued by the Royal Institution of Chartered Surveyors
  
• 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 caused by emergency services £10,000
• Removal of wasp and bee nests - £1,000 in any one 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 any one period of insurance (not available if the building is unoccupied)
• Replacement locks cover £2,500 in any one period of insurance 
  

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 the property becomes unattended for more than 30 days between 1st December and 28th February – the oil supply must be turned off at the tank and the water supply must be turned off at the mains and the system must be drained, unless connected to a frost-stat and maintained continuously at a temperature of no less than 4 degrees Celsius.

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)
• Legal Expenses up to £25,000
• Rent Guarantee cover up to £30,000
  
• Emergency Assistance up to £500
• Terrorism cover available