Let Assured Underwritten by: Certain Underwriters at Lloyd’s led by The Carbon Property Consortium 4996, which is led by Carbon Syndicate 4747
Our Residential Let Assured product is suitable for residential property owners who are responsible for insuring individual or multiple properties* that are either let out to tenants types – Professionals, Students, DSS Non-referral tenants, DSS referral tenants, Asylum Seekers or temporarily unoccupied properties (less than 5 years) (*House, Single flat or block of flats/apartments.)
This product provides insurance cover for buildings, contents, loss of rent/alternative accommodation and property owners’ liability insurance. In addition, the following cover can be added onto our residential let product: legal cover, rent guarantee, emergency assistance and/or terrorism cover.
The product is not suitable for properties situated in Northern Ireland or for Property Owners Liability above £5,000,000.
Up to £4,000,000 Buildings Sum Insured
Acceptable Tenancy Types: Professionals, Students, DSS (Referral & Non-Referral), Asylum Seekers, and Properties Temporarily Unoccupied (<5 years)
Insured Residential Status – Overseas Domicile acceptable (*subjectivities apply*)
Accidental Damage cover available for all Occupied Tenancy Types
Automatic Loss of Rent up to 20% of Buildings Sum Insured
Free £5,000 contents cover when occupied
NCD scale up to 17.5% for 5+ years claims-free
Three levels of cover on Unoccupied Properties
Property Owners Liability – Included at £2,000,000 Limit of Indemnity
For the full Target Market Statement and supporting information please click here
Features and Benefits (Buildings cover includes)
- New for Old Contents Cover
- Trace & Access – Up to £10,000 Index Linking
- Loss of Metered Water – Up to £5,000
- Unauthorised Use of Utilities – Up to £5,000
- Accidental Damage to Cables or Underground Services Pipes
- Loss of rent due to you up to 20% of the sum insured for buildings (or as stated in the schedule)
- Alternative Accommodation – Up to £150,000
- Landscaped Gardens (Damaged by Emergency Services) – Up to £10,000
- Removal of Wasps & Bees Nests – Up to £1,000
- Capital Additions – 10% of Buildings Sum Insured or £250,000 ( whichever the lower)
- Illegal Cultivation of Drugs – £5,000 any one period
- Replacement Locks – £2,500 Any one period
- Up to 60 days Unoccupancy Period
Features and Benefits (Property Owner’s Liability)
- £2,000,000 Indemnity Limit as standard
- Additional Persons Insured
- Compensation for Court Attendance
- Cross Liabilities Clause
- Defective Premises Act
For further information on Limits and Exclusions please click here to download the policy documentation
Optional Extras
- Uplift in Rent Sum Insured available
- Increased Property Owners’ Liability to £5,000,000 or £10,000,000
- Emergency Assistance
- Legal Expenses
- Rent Guarantee
- Terrorism Cover
Insurer Rating
Insurer Panel
AM Best
S&P
Lloyds Market (All Syndicates)
including Carbon Syndicate 4747
A+
AA-