Property Owners

Summary of Cover for Properties

Property Damage:

Buildings cover is provided on a wide "All Risks" basis with only £200 excess extended to include Theft and Subsidence (£1,000 excess).

Buildings include:

• Landlord's Fixtures and Fittings
• Furnishings of common parts
• Walls, Gates, Fences, Access Bridges, Roads,
• Pavements and Car Parks

Special Extensions include:

• Inflation Protection (Day I) on Buildings (+30% of sum insured)
• Any non-recoverable VAT incurred
• Unauthorised use of electricity, gas or water up to £25,000
• Tracing the source of escaping water and making good any damage up to £50,000
• Owner's liability for glass breakage
• Replacement locks up to £1,000
• Restoration of landscaping up to £25,000
• Loss of metered water up to £25,000
• Loss of market value solely as a result of insured damage

Loss of Rent:

Cover is provided against loss of rental income when the loss is the result of insured damage.This cover includes Service Charges and provides a 100% uplift in the sum insured to allow for rental reviews.

Special Extensions include:

• Cost of re-letting the property (including legal fees)
• Optional settlement for buildings awaiting sale

Liability as a Property Owner:

You are automatically covered as a Property Owner for your legal liability resulting from accidental injury to any person or loss or damage to third party property.Indemnity limit - £2 million

Legal Defence Costs:

Arising out of prosecution under

1) Health and Safety at Work Act 1974

2) Consumer Protection Act 1987

Optional Extensions:

• Legionnaires Disease Extension
• Employers Liability

11/06