Landlord Underwriting Guide

Transcription

1 Landlord Underwriting Guide

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3 Definitions/Excesses The Allianz Landlord Insurance Policy is designed for people who own individual properties or for those who own multiple properties. The Policy provides cover for both Landlord Premises and Landlord Contents. Landlord Premises only or Landlord Contents only cover is also provided. Landlord Premises The Landlord Premises is defined as: the private dwelling house (including garages with direct access from the private dwelling house) including fixtures and fittings, occupied for residential purposes only, and of Standard Construction. domestic outbuildings, detached garages, swimming pools, tennis courts, including fixtures and fittings therein and thereon, fuel storage tanks and their contents, terraces patios, driveways, footpaths, walls, gates and fences, lawns, hedges, trees, shrubs and plants all situate as stated in the Schedule on a site not exceeding two acres in area. Landlord Contents Landlord Contents are defined as household goods, furniture and furnishings belonging to the You Proposer or for which or for You which are legally the responsible, Proposer is legally contained responsible, in the all private contained dwelling the house private and dwelling provided house by You and for provided the use of by Your the Proposer Tenant(s). for the use of the Proposer's Tenant(s). Excesses Standard Excesses Landlord Premises Landlord Contents Standard Excess 1,000 Subsidence Excess 3,000 Riot, Civil Commotion Excess* 3,000 Malicious Damage Excess* 250 Standard Excess 1,500 Malicious Damage Excess* * Excess applicable only if loss or damage caused by * Excess applicable only if loss or damage caused by Tenant or others lawfully on the Landlord Premises Tenant or others lawfully on the Landlord Premises Voluntary Excesses A Voluntary Excess can be selected with the following discounts: Voluntary Excess Discount % 1 1,000 10% 1 The excess for all freezing, escape or overflow of water from within any plumbing or heating system, fixed water apparatus or fixed domestic appliance claims is 250 more than the excess you choose to select.

4 Underwriting Criteria As our Agent you have authority to accept a risk within the criteria outlined below. Minimum/Maximum Sums Insured Minimum Maximum Premises 140,000 1,500,000 Contents 15, ,000 If the maximum sums insured exceed the above please refer to to Allianz the Company Minimum Policy Premium Landlord Premises plus Levy Landlord Contents - 75 plus Levy Landlord Premises and Contents plus Levy Number of Occupants If property is let as shared accommodation and there are more than 88 occupants please refer risk to to Allianz the Company The Property to be Insured (criteria applicable to each property if more than 1 to be insured): Is let in one unit and is not subdivided Is let to persons a family/couple/persons in full time employment/ in full time a family/ employment a couple or or students as as their their private residence Is constructed of brick, stone or concrete (including timber framed with concrete brick external cladding) and roofed substantially (at least 70%) with slates, tiles, metal, concrete or asphalt Is in good repair and will be so maintained Is not a Listed or Protected structure Has not suffered from loss or damage as a result of Flood nor is there a history of such damage in the area Has not suffered from loss or damage as a result of Subsidence nor is there a history of such damage in the area The Proposer: Has not been declared bankrupt or convicted or charged with any criminal offence Has not had any insurance declined or made subject to special terms 2

5 Claims History (criteria applicable to each property if more than 1 to be insured) The proposer must not have made any claim for any loss, damage or liability under any Household Insurance Policy, in the past three years, which exceed the following limits: One claim costing 3,500 10,000 Or Two or more claims irrespective of of total the total value value Property Tenancy Type Tenancy Type Let to persons in full time employment/ / family/ family couple / couple Student Let *Unoccupied Property Acceptability Acceptable Acceptable Acceptable *Refer if unoccupied for more than days Please REFER to Allianz Company where where any any of the of the following conditions apply: apply: Property is let in more than 1 unit Property is over 100 years old (a fully completed supplementary proposal must be submitted with main proposal form to determine if the risk is suitable for cover) Property is unoccupied for more than days Property is a Listed or Protected structure Property is not of standard construction Proposal is for more than 5 properties The tenants are not persons in full time employment, a family, a couple or students. 3

6 Landlord Premises and Landlord Contents Cover Detail Landlord Premises Sum Insured 140,000-1,500,000 Index Linking Standard Perils Accidental Damage Accidental Damage Accidental breakage of fixed sanitary fittings Accidental damage to service pipes and cables Alternative accommodation or loss of rent Available where the property is let to persons in Available where property is let to persons in full full time employment/ a family/ a couple as their time private employment/ residence family/ couple 20% of the Sum Insured Fire brigade charges Limit 2,000 Damage to gardens by emergency services Limit 1,000 Trace and Access 2,000 Legal Liability as owner of the Landlord Premises and Landlord Contents Limit of indemnity 3,175,000 Legal Liability to Domestic Employees Limit of indemnity 3,175,000 Landlord Contents Sum Insured 15, ,000 Index Linked Standard Perils Accidental Damage Accidental Damage Alternative accommodation or loss of rent Accidental breakage of fixed glass Available Available where where the property property is let is to let persons to persons in full in full time employment/ a family/ a couple as their time employment/ family/ couple private residence 20% of the Sum Insured Legal Liability as owner of the Landlord Contents Limit of indemnity 3,175,000 Legal Liability to Domestic Employees Limit of indemnity 3,175,000 4

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8 Allianz p.l.c., Allianz House, Elmpark, Merrion Road, Dublin 4. Tel: +353 (0) Fax: +353 (0) [email protected] Calls may be recorded or monitored for regulatory, training and quality purposes. Allianz p.l.c. is regulated by the Central Bank of Ireland. Registered in Ireland Number: ALLIR2 108 HOM 10/10 KD