We have revised the enhanced covers on our excellent AXA & Zurich Property Owners Scheme. Enhancements to the Standard Policy Wording now include: Extra Benefits under our AXA Let Property/ Property Owners Scheme
Commercial Property Owners Some of the main benefits of this scheme are: - Nil Excess (Other than £250 malicious damage from tenants and £1000 subsidence).
- £5million property owner's liability cover included free of charge.
- Policy is on a full All Risks basis and all damage is covered unless specifically excluded.
- 36 Month loss of rent cover is provided for the price of 12 months.
- Employers Liability cover (£10million) automatically included.
- 35% Day one uplift automatically included.
- Malicious damage from tenants automatically included.
- Accidental damage cover automatically included.
- The policy automatically notes all interested parties with no need to endorse.
- Damage to trees, shrubs and plants is covered (up to a limit of £5000)
- Storm damage to fences and gates is covered (subject to the buildings also being damaged at the same time)
- Cover is provided (up to a limit of £10million) to other properties owned by the policy holder which they inadvertently omit to insure.
- Cover is provided (up to a limit of £10million) where a lease states that the tenant is responsible for insuring a property but they fail to do so.
- Privity of contract cover included.
- Properties newly acquired by the policy holder are covered (up to a limit of £5million & £10million for retail and office premises) for 30 days from the date of purchase.
- Removal of nests and vermin is covered (up to £250 per claim or £5000 in any one period of insurance
- Fly tipping cover provided (covering the cost of removal of property illegally in the insured property or its grounds up to a limit of £25,000).
- Claims up to £2000 settled within 48 hours.
Underwritten by Zurich Residential Let Property (Enhanced scheme) Some of the main benefits of this scheme are: - Nil Excess (Other than £250 malicious damage from tenants and £1000 subsidence).
- £5million property owner's liability cover included free of charge.
- Policy is on a full All Risks basis and all damage is covered unless specifically excluded.
- 30% loss of rent cover is provided automatically and free of charge.
- Employers Liability cover (£10million) automatically included.
- 35% Day one uplift automatically included.
- Malicious damage from tenants automatically included.
- Accidental damage cover automatically included.
- The policy automatically notes all interested parties with no need to endorse.
- Damage to trees, shrubs and plants is covered (up to a limit of £5000)
- Cover is provided (up to a limit of £10million) to other properties owned by the policy holder which they
- inadvertently omit to insure.
- Cover is provided (up to a limit of £10million) where a lease states that the tenant is responsible for insuring a property but they fail to do so.
- Privity of contract cover included.
- Properties newly acquired by the policy holder are covered (up to a limit of £5million & £10million for retail and office premises) for 30 days from the date of purchase.
- Removal of nests and vermin is covered (up to £250 per claim or £5000 in any one period of insurance).
- Fly tipping cover provided (covering the cost of removal of property illegally in the insured property or its grounds up to a limit of £25,000).
- Claims up to £2000 settled within 48 hours.
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