Premier Property Owners

• Inadvertent omission to insure and third-party failure to insure - £5m limit as standard.
• Automatic loss of rent /alternative accommodation 33.3% of sum insured as standard.
• Cover for newly acquired /newly completed /redeveloped or refurbished properties for 30 days maximum £5m any one property.
• Loss minimisation clause - for the sole purpose of avoiding or diminishing the amount of a loss following insured damage. £25,000 limit.
• Theft and Malicious Damage by tenant covered automatically up to £10,000 per claim.
• Legionellosis cover included.
• Environmental statutory clean-up costs up to £100,000.
• Engineering Breakdown automatically included. Covers boilers, heating systems, lifts, alarms and air conditioning units.
• Legal Expenses £250,000 limit of indemnity with options for increased limits.

Material Damage

• "All Risks - specified perils" cover
• Cover for landlords contents included
• Cover available on: re-instatement, indemnity or loss of market value
• Adjacent property damage up to £150,000
• Contract works up to £500,000
• Frustrated legal costs up to £25,000
• Loss of keys up to £50,000
• Metered water, electricity & gas charges up to £50,000
• Removal of tenant’s debris of up to £25,000
• Trace & access extension

New extensions include

• Archaeological discoveries
• Clearing of drains
• Debris recycling costs
• Emergency access by police
• Energy performance and sustainable buildings
• Gardening equipment
• Ground rent
• Illegal cultivation of drugs
• Incombustible reinstatement
• Involuntary betterment
• Obsolete building materials
• Tree felling and lopping

Loss of Income

Cover includes

• Loss of rent or estimated gross revenue
• Cost of re-letting
• Additional expenditure to avoid Loss of Rent
• Business rates payable by the insured as a result of damage
• PR expenditure
• Accelerated re-instatement expenditure
• Accountants fees
• Additional Increased Cost of Working (optional)
• Advanced rent (optional)
• Contingency rent included
• Loss of attraction £500,000 included

Property Owners Liability

• £5M/10M Limit Of Indemnity (LOI) options
• Legionellosis included
• Financial Loss included

Employer’s Liability

• Legal liability for damages and legal costs
• £10M/£25M LOI options

Engineering Breakdown

• Computer equipment up to £250,000
• Reinstatement of data up to £25,000
• Increased Costs of Working £25,000

Legal Expenses

Cover includes

• Tenancy disputes
• Rent recovery
• Nuisance or eviction of squatters
• Property protection

Terrorism (optional section)

• Cover for losses arising under any of the Heads of Cover as a result of damage caused by an act of terrorism

Cyber (optional section)

• Variable excesses and Indemnity periods available
• 24/7 specialist support provided

This is a summary of the cover available. Please refer to the Policy Booklet for full terms and conditions.