The Basic cover under the Value Contract
-
Fire, explosion, lightning,
earthquake, riot, malicious damage, collision by vehicles, aircraft
or animals, storm or flood, theft or attempted theft, subsidence,
landslip or heave, water or oil leakage from any fixed appliance,
tank or pipe, falling trees, breakage of glass and sanitary wear.
-
Loss of rent to 20%
-
Professional, demolition and local
authority fees
-
Legal liability as owner up to
£2,000,000
-
Defective premises act to £2,000,000
-
Automatic cover for an additional
property to £300,000 for up to 7 days
-
Optional accidental damage cover
-
Policy now underwritten by Chaucer
Some policy benefits on the Premier Contract
-
£5,000 landlords business contents
covered free if buildings cover taken (can be increased)
-
Includes Landlords Legal expenses as
standard (Insured by Brit)
-
Optional landlords rental protection
cover available
-
Includes contract works cover to
£15,000 as standard
-
Public utilities and prevention of
access covered as standard
-
Buyback cover after 60 days of
unoccupancy available
-
Discounts for portfolios of 10 or
more
Choice Premier - the extra benefits over the Value
Contract
-
Loss of 3 months rent following
murder, suicide or notifiable disease
-
Lock replacement following theft of
keys
-
Loss of oil to £5,000
-
Loss of metered water to £1,000
-
Damage to landscape gardens by
emergency services to £5,000
-
Water damage tracing costs to
£10,000
-
Prevention of access resulting in
loss of rent to 20% sum insured
-
Public utilities resulting in loss of
rent - to 20% of sum insured
-
Contract works to £15,000
-
Re-letting costs after a claim - to
£500
-
Legal expenses - property disputes,
repair and renovation disputes, health and safety prosecutions, tax
protection - to £50,000 per claim, £500,000 in aggregate
Standard excesses (higher may apply under some
circumstances)
-
professional, working and retired -
£100.00
-
Government benefits/ holiday
homes/lets £250.00
-
DSS referrals - £250.00
-
Subsidence - £1,000 in total
-
Theft/ malicious damage by tenants or
others lawfully on premises - £2,500.00
-
For contents some are higher:-
-
professional, working and retired :
£250.00
-
DSS referrals - £500
General conditions
-
Unoccupancy conditions after 7 days
unoccupancy: cover restricted to Fire, lightning, aircraft,
explosion, earthquake, subsidence / heave and falling trees after 60
days. Full cover (excluding theft/ malicious damage) can be
purchased for a further 90 days under the Premier policy
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