Rating Guide. UK Holiday Homes Let Property inc. Student Lets Dss Lets Asylum Seekers Bedsits. Unoccupied Residential Properties

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1 asek Insurance Rating Guide UK Holiday Homes Let Property inc. Student Lets Dss Lets Asylum Seekers Bedsits Unoccupied Residential Properties Overseas Property Instant online quotes and cover available using our Online Trading platform Vasek Insurance Minerva House Spaniel Row Nottingham NG1 6EP Vasek Insurance is authorised and regulated by the Financial Services Authority Tel Fax Vasek Insurance is the trading name of Vasek Insurance Services Limited, who are authorised and regulated by the Financial Services Authority. Our Firm Reference Number is Registered in England and Wales. Reg No All rights reserved. Reproduction, adaptation or translation without prior written permission is prohibited except as allowed under copyright laws. Apr 09

2 UK LET AND UNOCCUPIED RESIDENTIAL PROPERTY * 10% New Business No Claims Bonus Discount Available - see below Northern Ireland Rates N/Ire1 N/Ire2 Area 1 Area 2 Area 3 Area 4 Area 5 Area 6 Area7 Area 8 Second Homes Holiday Homes & Holiday Home Lets Let Property (Non Dss & Student) To Incl. Accidental Damage Cover Dss Let Level 1 ** 0.155% 0.170% 0.170% 0.180% 0.195% 0.210% 0.235% 0.255% 0.275% 0.345% 0.170% 0.185% 0.225% 0.235% 0.260% 0.260% 0.260% 0.285% 0.305% 0.375% 0.150% 0.165% 0.165% 0.185% 0.190% 0.205% 0.235% 0.245% 0.265% 0.325% 0.180% 0.195% 0.195% 0.215% 0.220% 0.235% 0.265% 0.275% 0.295% 0.355% 0.175% 0.200% 0.225% 0.265% 0.285% 0.305% 0.320% 0.340% 0.370% 0.400% Dss Let Level 2 ** 0.195% 0.215% 0.245% 0.295% 0.310% 0.330% 0.350% 0.375% 0.405% 0.440% Asylum Seekers 0.185% 0.205% 0.205% 0.245% 0.260% 0.290% 0.320% 0.340% 0.370% 0.400% 100 Excess Student Let 0.155% 0.170% 0.170% 0.200% 0.205% 0.225% 0.245% 0.260% 0.290% 0.365% ** Level 1= single tenancy agreement in single house only / Level 2 = multi tenancy, HMO s, flats and all others. Unoccupied Property 100 Excess (Please see description over for levels of cover) Level % 0.160% 0.160% 0.160% 0.160% 0.175% 0.175% 0.175% 0.232% 0.275% Level % 0.270% 0.270% 0.270% 0.270% 0.315% 0.315% 0.315% 0.418% 0.495% Level % 0.320% 0.320% 0.320% 0.320% 0.350% 0.350% 0.350% 0.465% 0.550% Contents 0.470% 0.520% 0.520% 0.650% 0.780% 0.950% 1.130% 1.160% 1.260% 1.540% Bedsits Load appropriate rate by number of bedsits 1-5 Bedsits 10% 6-10 Bedsits 25% over 10 Bedsits REFER Tax and Admin Charges 5% IPT and 15 Admin Charge to all policies * New Business No Claims Bonus Discount 10% on all policies that are Claim Free in the past 12 months Renewal Business No Claims Bonus Discount Multi Property / Portfolio Discounts 1st and 2nd years 12.50% 3-6 properties 5.0% 3rd and 4th years 15.00% 7-10 properties 7.5% 5th year plus 17.50% properties 10.00% 20 plus properties upon request Higher Discounts available on request - please contact our office Voluntary Excesses (please note these excesses are not in addition to any compulsory excesses) 250 Discount 5.00% 2,500 Discount 17.50% 500 Discount 10.00% 5,000 Discount 20.00% 1,000 Discount 12.50% 10,000 Discount 27.50%

3 Unoccupied Property Levels of Cover and Acceptance criteria for each level Level 1 Cover Optional reduction in premium for reduction in cover. Cover is restricted to Fire, Lightning, Earthquake, Explosion and 5m Property Owners Liability. (cover is subject to the terms and conditions of the policy) Acceptance criteria - available to all unoccupied properties except properties undergoing:- Major renovations / Structural Changes, or Conversion to private dwelling or flats, or Construction of an extension (cover is available under level 3 for any property not meeting these criterea) Level 2 Cover Discounted premium if acceptance criteria met. Cover is not restricted and full perils apply. (cover is subject to terms and conditions of the policy) Acceptance Criterea - available to all unoccupied properties which are fully furnished for normal habitation and have no works planned or being carried out. (cover is available under level 1 or 3 for any property not meeting these criterea) Level 3 Cover Standard unoccupied premiums apply. Cover is not restricted and full perils apply, however cover may be restricted by us if the property is undergoing:- Major renovations / Structural Changes, or Conversion to private dwelling or flats, or Constuction of an extension Acceptance criterea - available to all unoccupied properties (cover is subject to the terms and conditions of the policy) Please note that in all cases and for all unoccupied risks we will not provide any cover for:- Unoccupied commercial property (except where works to convert to residential status have started - please refer before you request cover), or Unoccupied property that will be demolished including where there are plans to demolish or where an application to demolish has been made. Property Owners Liability 5,000,000 Free when Buildings Insured Accidents to Domestic Staff 10,000,000 Free when Contents Insured Loss of Rent 100% of Building Sum Insured Free 20% of Contents Sum Insured Free Minimum Premium 100 plus IPT plus 15 Admin Charge Minimum Sum Insured Buildings 60,000 Maximum 1,000,000 per property Contents 1,000 Maximum 50,000 per property 15,000 if contents only Contents only policies only available for flats, apartments and the like Key Additional Benefits included FREE with our Tenanted Policy See our website for full details Malicious Damage by Tenants New and Exclusive Unauthorised Alteration Trace and Access 100% Loss of Rent 5m Property Owners Liability PLEASE REFER OVER PAGE FOR A LIST OF POSTCODE AREAS

4 POSTCODE AREAS FOR UK LET AND UNOCCUPIED RESIDENTIAL PROPERTY Postcode Area Postcode Area B 1-7, BB BD Remainder 2 BL All 2 BR All 3 BS BT N/Ire 2 Remainder N/Ire 1 CF CH CR CV DA All 3 DH E All 5 EC All 5 EN G HA HU IG KA KT Remainder 2 L LE LN LS LU M MK N NE NG NW OL All 2 PA PE PO Remainder 2 PR RH All 2 RM All 4 S SE SK All 2 SL SM SR SS SW TN TS TW UB W WA All 2 WC WD WF All 2 WV POSTCODES NOT LISTED RATE AS AREA 1

5 OVERSEAS PROPERTY Please use the following Rates for Overseas Holiday Homes and Main Residences Buildings Holiday Home Holiday Home Lets* Main Residence Min Sum Insured Eire 0.240% 0.270% n/a 60,000 Spain 0.190% 0.209% 0.162% 40,000 Portugal 0.180% 0.198% 0.153% 40,000 France 0.200% % 0.170% 50,000 Cyprus 0.200% 0.220% 0.170% 40,000 Maximum Sum Insured any one Property 500,000. Please refer if over. Contents (New for Old) Rates applicable to all countries listed above Minimum 5,000 Maximum 50,000** Holiday Homes / Main Residences 0.500% Holiday Home Lets 0.550% Personal Possessions Minimum 1,000 Maximum 7, % (Only available for main residences for the countries listed above) (Items over 1,500 must be specified) Legal Liability 1,000,000 Free % to add for overseas taxes Eire 2.000% and Admin charges Spain 6.300% Portugal 9.740% France % Cyprus no tax Policies Underwritten by certain Underwriters at Lloyd s 100 Excess Brokerage Payable 15% Main Residences in Eire cannot be covered Contents only Policies only available for apartments and the like Minimum Sum Insured for Contents Only Policies 15,000 Please refer any adverse information or previous claims If cover is required, please fax our office and we will hold covered immediately * Properties let to friends and family would not be considered a Holiday Home Let ** Minimum Security for Policies with Contents Sum Insured of 30,000 or over All External doors: Patio Doors: All ground floor and easily accessible upper floor windows: 5 Lever Mortice Deadlocks (conforming to British Standard BS3621) or better In addition to a central locking device, key operated bolts to top and bottom of opening sections Key operated window locks or better

6 General General Information and Risk Acceptance Criteria From time to time we may update this rating guide, although we will write to you with details of any changes at the appropriate time, we do request that you register on our website ( so you will receive regular updates about any changes within the Vasek Group. Financial Services Authority You must be, and remain, authorised and regulated by the Financial Services Authority and comply at all times with the rules of the Financial Services Authority. Vasek Insurance Services Limited are authorised and regulated by the Financial Services Authority. Our Firm Reference Number is Insurers All our policies are underwritten by Certain Underwriters at Lloyd s, under contract reference numbers BE and BE for business in the United Kingdom and under contract reference number BE for overseas property. Both the society of Lloyd s and Underwriters at Lloyd s are authorised and regulated by the Financial Services Authority. (Any changes to our Underwriters will be notified to you via and posted on our website). Risk Acceptance Criteria You may request us to hold covered for all standard risks that can be quoted direct from this rating guide, or via our online quote system or for risks that have been quoted by us following a submission of a quotation request from you. However, certain risks will require our acceptance before any cover will be granted. Please refer:- Where the property is undergoing structural changes or renovations Unoccupied properties to be insured for 500,000 or more that are having or will be having structural changes or renovations Where there have been previous claims or losses, except those accepted by our online quote system Where the property is of non-standard construction Where the property is not free from flooding, has previously flooded or is within 1/4 mile of any river, water course or the sea. Any property showing a 1 in 75 risk of flooding may be covered but flood cover will be excluded. Our website has a postcode checker for quick reference. Where the property has suffered from subsidence, landslip or heave or a survey has mentioned subsidence problems. If any other material fact or information you are aware of or that the policyholder has disclosed which could influence our decision to accept risk. If the property is to be demolished or is awaiting planning permission to do so The property is a barn. Quotations Provided by Us If we or our online quote system provide you with a quotation it will be valid for a period of 30 days, subject to the information given remaining unchanged, in all cases cover is subject to the completion of a satisfactory completed Statement of Fact. You can complete a Statement of Fact through our Online Trading platform. Holding Covered Procedure If you wish to place a risk on cover you may do so as follows: Complete a Holding Covered Request form and fax it to our office Fax or full details of the risk to our office. Submit a hard copy Statement of Fact form via post, fax or . Our Statement of Fact does not require a signature. Cooling off Period We allow a cooling off period of 14 days under our policies, this reads as follows in all our documents:- If you decide that you do not wish to proceed then you can cancel this insurance by notifying the insurance broker who sold you this insurance, or us, within 14 days of either:- The date you should have received your policy documentation, or The start of the period of insurance whichever is the later. Providing you have not made any claims we will refund the premium on a pro rata basis less an administration charge of 15. Policy Wordings We issue policy wordings with all new business cases at the time of cover commencing, if you would like further copies of any policy wording you can download them at Administration Fees We charge a 15 admin fee on all new business and renewals. An admin fee of 10 may be charged for midterm adjustments.

7 Portfolio Policies We consider any policy that has 2 or more properties insured, a portfolio. Portfolio discounts are available when 3 or more properties are insured under a policy. For larger risks we will be able to offer larger discounts. Please contact our office or visit our website for further details. You can any of our departments direct if you have a specific question or wish to provide us with information, full contact details can be found on our website Unoccupied Property When a property is insured under our Unoccupied Property Insurance Policy, subsidence cover will only be granted upon receipt of a satisfactory survey report, not more than two years old from the commencement date of cover. Renewals Where we are in possession of all relevant information will we issue renewal documents no later than 21 days prior to renewal. Where we do not intend to renew a policy or where more onerous terms are to be applied we will make all reasonable efforts to notify you no later than 21 days prior to the renewal date informing you of our decision. Please ensure that you notify us that an insurance policy is to be renewed within 14 days following the renewal date. Please ensure that you notify us that an insurance policy is to be lapsed within 30 days following the renewal date. Claims Please notify our claims department immediately of any claim or notification to you by the insured client or third party claimant of any claim or potential claim. We will send to you a claim form for completion by the insured client, or you can download a claim form from our website, Alternatively you may wish to use our online claims service in our website. Vasek Insurance Website Our website, has an Online Trading platform developed for your ease of use and contains details about our products and services. This site will make dealing with us extremely simple and includes:- Instant Quotation System All quotes saved online for easy access Instant Cover Online Claims Amending Policy Function Flood Checker Quick quote system Documents downloadable Live Industry News As well as many more features. Please use our Statement of Fact and Online service to hold covered whenever possible.

8 Please use our Statement of Fact and Online service to hold covered whenever possible HOLDING COVERED REQUEST Please Hold Covered As Follows Type of Cover: UK Holiday Home / Second Home Overseas Holiday Home UK Holiday Home Let Overseas Holiday Home Let Let Property (Non Dss / Student) Overseas Main Residence Unoccupied Property (see next line) Asylum Seeker Let (Please state period of Unoccupancy) Dss Let Level 1 Dss Let Level 2 Student Let Other (please specify) Client Name: Risk Address: asek Insurance Postcode Does the risk meet our Risk Acceptance criteria? Is the property free from Subsidence / Cracks? Is the property of standard construction? Is the property free from flooding? Have there been any claims in the last 5 years? Has the insured selected a voluntary excess? Is the property divided into bedsits? If an Overseas property, is it commercially let? Yes No If No please supply details If No please supply details If No please supply details If No please supply details If Yes please supply details If Yes please supply details If Yes how many? Area Used: Building Sum Insured: Rate Used: Premium: Contents Sum Insured: Rate Used: Premium: Other (Specify) Admin Fee Total Premium: IPT: : Total: Date Cover Required: Additional Information Agent Stamp / Details (Please supply full details, so we may process your cover) Online is Fast and Easy at:- uk or fax to: