Property Owners for SMEs

Our Property Owners product is designed for clients who own anything from a single buy-to-let to a portfolio of up to 30 properties. 

Cover highlights

• Property cover is average-free 
• Material damage cover is on an “all-risks basis”, including subsidence 
• 15% day one inflation uplift as standard (with an option to increase the uplift) 
• Sums insured are index linked at renewal to ensure that coverage increases in line with inflation
• Material damage cover includes a public authorities clause, which includes the additional cost of reinstatement of undamaged portions of a property to comply with legislation
• Material damage cover also includes a brand protection clause, for reasonable costs incurred in mitigating reputation damage arising from an insured event 
• Cover as standard for alternative accommodation for residential occupants and their pets, under our material damage section (up to 25% of the buildings sum insured), with no maximum indemnity period applied
• Under our full business interruption cover, which is suitable for residential or commercial premises, clients can choose from indemnity
• Under our business interruption cover, loss of rent receivable continues to be paid up to the maximum indemnity period and until the premises is receiving full rent - not just until it is fit for habitation 
• We will also pay reasonable costs and expenses incurred during the indemnity period in re-letting the premises, including legal fees in connection with the re-letting following an insured event at the premises
• Public and products liability has a choice of limits and includes a data protection extension

Our policies are for property owners with up to 30 commercial and/or residential properties in their portfolio, and a maximum combined property and loss of rent sum insured of £10 million per premises.

Our appetite includes single premises, or portfolios of residential and/or commercial properties.

Property types and risk features

• Residential - houses, maisonettes, bungalows and blocks of flats
• Commercial - manufacturing, warehousing, retail and hospitality trades
• Property risk features - standard construction, fully occupied, no history of flood or subsidence