Property Owner’s
Guide.
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.
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/
3
To speak to our team
of experts call us on
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
Yes No** 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
* 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
5
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.
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
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
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
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
7
Commercial Property Owner’s Policy
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
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.
Industrial Property Owner’s Policy
8
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
9
Unoccupied Policy
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
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.
Landlord’s Contents Policy
10
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
