Property Owner s Guide. commercialexpress.co.uk
Welcome to the Commercial Express Property Owner s Guide. As a market leading Managing General Agent, we specialise in offering high quality, tailored insurance solutions to guarantee your clients are adequately protected at a competitive price. 2
Let Policy 4/ Short Term Unoccupied 5/ Economy Let 6/ Commercial Property Owners 7/ Industrial Property Owners 8/ Unoccupied Property Owners 9/ Landlord s Contents 10/ To speak to our team of experts call us on 0845 094 2077 3
Let Policy Offering affordable cover for Residential Landlords of single or multiple properties with our Let Policy. Benefiting from a panel arrangement and tailored specifically for residential dwellings, our landlord schemes provide the essential components to ensure that your client s property is protected. Visit commercialexpress.co.uk to use our quick quote facility. Insurer options to suit you: Lloyd s - Property Owner s Liability 2,000,000 LOI - Loss of Rent 20% building sum insured - Trace and Access up to 2,500 - Accidental Damage to cables & underground services up to 2,500 - Loss of Metered Water - Inflation protection in the event of a claim RSA - Property Owner s Liability 2,000,000 LOI with the option to increase to 5,000,000 LOI - Loss of Rent 20% building sum insured - Trace and Access up to 2,500 - Accidental Damage to cables & underground service up to 2,500 - Loss of Metered Water Optional Extensions - Legal Expenses up to 25,000 - Rent Guarantee cover up to 30,000 - Gold, Silver and Bronze level of cover available when unoccupied - Emergency Assistance up to 500 - Terrorism cover (ex Northern Ireland) Insurer cover comparison Lloyd s RSA Escape of Water Excess 500* 250 Buildings cover: Accidental Damage automatically included for professionals, students and DSS Non-Referral Option to extend Property Owner s Liability to 5,000,000 No Yes Pipe Lagging discount available No Yes Yes No** * Option to reduce to 250 excess for an additional 20 plus IPT, or to 100 excess for an additional 40 plus IPT ** Accidental Damage available as an optional extra 4
Short Term Unoccupied Policy Give your clients different options that suit them when their property is most at risk with our Short Term Unoccupied Policy. Multi This policy benefits from a panel arrangement and is designed for properties left vacant for 30 days or more. It is ideal for properties either awaiting probate, sale or owner occupation. Cover is available for 3, 6 or 9 months to be flexible to your clients needs. Overview - Cover can be extended mid-term up to 6 or 9 months depending on original cover period - Policies will automatically lapse after the selected period - Ideal for properties that are going through probate, being sold or are being renovated for owner occupation Insurer cover comparison Lloyd s Multi Landlord s Contents available Yes No Option to extend Property Owner s Liability to 5,000,000 No Yes Restriction on the term of unoccupancy prior to inception 3yrs 6mths Pipe Lagging discount available No Yes Features - Fire, Lightning, Aircraft, Explosion, Storm, Flood, Subsidence, Landslip, Heave - Property Owner s Liability 2,000,000 (or 5,000,000 with Multi-Insurer) - Trace and Access up to 2,500 - Accidental Damage to cables & underground services up to 2,500 - Loss of Metered Water Benefits - Quick Quote facility for instant premium indications - Cover available for unoccupied properties pending sale and renovation - Unlimited number of flats Full details of the limits and cover available can be downloaded from www.commercialexpress.co.uk/documents 5
Economy Let Policy Simple and straightforward protection providing affordable cover for residential landlords with our Economy Let Policy. Economy Let provides basic protection for landlords and offers up to 20% rate reduction against our standard Let facility. This is straightforward cover for your clients. Overview - Up to 20% rate reduction against our standard Let Policy (Lloyd s) - Blocks of flats acceptable - Single flats within a block can be accommodated - Wider perils available on unoccupied properties pending tenants - Property Owner s Liability 1,000,000 LOI Features - Basic cover - 20% rate reduction on standard Let Policy Exclusions - Accidental Damage cover to buildings - Accidental Damage to sanitary ware - Accidental Damage to underground services - Loss of Metered Water - Subsidence, Landslide and Heave - Loss of Rent - Property Owner s Liability 1,000,000 (reduced from 2,000,000) - Trace & Access Optional Extensions - Legal Expenses up to 25,000 - Rent Guarantee cover up to 30,000 - Emergency Assistance up to 500 * 20% discount does not apply to asylum seekers or unoccupied properties 6
Commercial Property Owner s Policy Designed to provide Buildings, Landlord s Fixture & Fittings, Loss of Rent protection and Property Owner s Liability for properties tenanted by high street trades, with our Commercial Property Owner s Policy. Trades include offices, shops, restaurants, pubs, takeaways and unoccupied properties. Everything you need to make sure your clients are covered when it matters. Overview - Can accommodate commercial units with residential sections - 2,500 Malicious Damage cover available - Voluntary excess available - Size discounts available Features - Property Owner s Liability 2,000,000 - Loss of Rent up to 20% of the sum insured unless unoccupied - Trace and Access up to 2,500 - Accidental Damage to cables & underground services up to 2,500 - Loss of Metered Water Benefits - Accidental Damage available for all trades except for unoccupied properties - Landlord s Fixture & Fittings cover available - Option to increase Property Owner s Liability to 5,000,000 Full details of the limits and cover available can be downloaded from www.commercialexpress.co.uk/documents 7
Industrial Property Owner s Policy Providing cover for Buildings, Contents and Loss of Rent protection for commercial & industrial properties, tenanted or owner occupied, your clients get everything they need with our Industrial Property Owner s Policy. With more than 600 trades specifically covered and a first class policy wording it is easy to see why our Industrial Property Owner s policy is a popular choice for our agents. Overview - Can accommodate industrial units with residential sections - If the property becomes unoccupied at any stage it can remain on cover under the same policy number - Voluntary excess available - Size discounts available Features - Property Owner s Liability 2,000,000 - Loss of rent up to 20% of the sum insured unless unoccupied - The cost of replacing external locks following theft of keys up to 1,000 - Trace and Access costs up to 5,000 - Unauthorised use of utilities up to 10,000 - Accidental Damage cover available to buildings and landlord s contents - Cover can be extended to include Malicious Damage, Flood and Storm when unoccupied Benefits - If the property becomes unoccupied at any stage the property can remain on cover under the same policy number - Landlord s Contents available - Glass, Canopies and Signs available up to a limit of 5,000 - Book Debts available up to a limit of 100,000 - Option to include Property Owner s Liability to 5,000,000 8
Unoccupied Policy This caters for vacant commercial and industrial buildings undergoing refurbishment, renovation, pending sale or awaiting occupation. Look after your client s property investments with our Unoccupied Policy. With long-term unoccupied cover on offer, our Unoccupied Policy gives your clients added peace of mind. Overview - Wider Perils cover available - If the property becomes occupied at any stage it can remain on cover under the same policy number - Up to 3 years unoccupancy prior to inception accepted - Voluntary excess is available - Cover can be extended to include Malicious Damage, Flood and Storm when unoccupied Features - Property Owner s Liability 2,000,000 Benefits - Up to 3 year period for the property to be left unoccupied or vacant Full details of the limits and cover available can be downloaded from www.commercialexpress.co.uk/documents 9
Landlord s Contents Policy Landlords renting out properties that are fully or part furnished need look no further with our Landlord s Contents Policy. At Commercial Express we understand that arranging landlord s insurance can be a time consuming exercise. For this reason we have introduced a product that will easily meet your client s insurance requirements and deliver when it matters. Overview - Minimum premium 50 - Flats above commercial premises are acceptable - Accidental Damage available if let to professionals - Caters for tenants including professionals, students and those on unemployment, disability or housing benefit, plus unoccupied properties Features - Cover is available on a New for Old basis for Loss or Damage - Cover includes Replacement of Locks following theft of keys - Loss of Metered Water Benefits - Accidental Damage available if let to professional tenants - Policy Excess 50 - Flats above commercial premises are acceptable - Caters for a wide variety of tenants including professionals, students, those on unemployment, disability or housing benefit and unoccupied properties Optional Extensions - Legal Expenses up to 25,000 10
Commercial Express is a market leading Managing General Agent, offering insurance intermediaries access to a range of insurance solutions designed to meet the needs of their clients. We offer a wide and flexible product range at competitive prices. We aim to set a new benchmark for service, in order to become one of the most respected brands in the industry, and known and trusted by the end consumer. We offer the best solutions and service possible, making us the smart choice and first choice for our customers. 0845 094 2077 commercialexpress.co.uk
Your Helpful Insurance Partner. B1 Custom House The Waterfront Level Street Brierley Hill DY5 1XH commercialexpress.co.uk hello@commercialexpress.co.uk 0845 094 2077