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PROPERTY OWNER’S GUIDE

Cover in an Instant


WHATEVER YOUR CLIENTS’ PROPERTY INSURANCE NEEDS... Welcome to the Commercial Express Property Owner’s Guide. As a market leading underwriting agency, we specialise in offering high quality, tailored insurance solutions to guarantee your clients are adequately protected at a competitive price. Contents

L t Let

4-5

Short Term Unoccupied

6-7

Economy Let

8-9

Commercial PO

10 - 11

Industrial PO

12 - 13

Unoccupied

14 - 15

Landlords Contents

16 - 17

Cover in an Instant

18- 19

Please view full policy wordings for all specific and general exclusions via our Broker Portal on www.ceqonline.co.uk

HOLDS THE KEY 03


L t Let

RSA

LET - Residential Landlord’s Insurance 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 adequately protected.

KEY SELLING POINTS • Accidental Damage given FREE for professional, DSS (non-referral) & students (Lloyd’s) • Alternative Accommodation cover included (RSA) • Blocks of flats acceptable • Single flats within a block can be accommodated • Wider perils and full cover options available on unoccupied properties pending tenants (Lloyd’s) • Malicious Damage by tenants up to £2,500 04

L t Let

CX Let - Panel of Insurers Lloyd’s

RSA

• • • • • •

• • • • •

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 Size discounts up to 25%

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 services up to £2,500 Loss of Metered Water

Key extensions to cover • • • •

QUICK QUOTE FACILITY

Legal Expenses up to a limit of £25,000 with no policy excess Rent Guarantee with a limit of indemnity of £30,000 Emergency Assistance up to £500 for emergency repairs with no policy excess Terrorism cover (ex Northern Ireland)

CX Let - Insurer Cover Comparison

Lloyd’s

RSA

£500

£250

Alternative Accommodation cover included

No

Yes

Buildings cover: Accidental Damage automatically included for professionals, students and DSS Non-Referral

Yes

No*

Option to extend Property Owners’ Liability to £5,000,000

No

Yes

Pipe Lagging discount available

No

Yes

£3m

£6m

Escape of Water Excess

Maximum Sum Insured upon referral *Accidental Damage available as an optional extra

for instant premium indications and multi insurer comparison

05


Short Term Unoccupied

RSA

SHORT TERM UNOCCUPIED - Residential Insurance The CX Short Term Unoccupied facility benefits from a panel arrangement and is designed for properties left vacant for 30 days or more, offering flexible cover for 3, 6 or 9 months. This product is ideal for properties either awaiting probate, sale or owner occupation.

Insurer Cover Comparison

Lloyd’s

RSA

Landlord’s Contents available

Yes

No

Buildings - Size discounts available

Yes

No

Option to extend Property Owners’ Liability to £5,000,000

No

Yes

Restriction on the term of unoccupancy prior to inception

3yrs

6mths

No

Yes

Pipe Lagging discount available

KEY SELLING POINTS • 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

06

Short Term Unoccupied

QUICK QUOTE FACILITY

for instant premium indications and multi insurer comparison

Panel of Insurers Key features • Fire, Lightning, Aircraft, Explosion, Storm, Flood, Subsidence, Landslip, Heave • Property Owner’s Liability £2,000,000 LOI • Up to 25% No Claims Discount • Unlimited number of flats

• Ideal for properties that are going through probate, being sold or are being renovated for owner occupation

Key benefits

• Up to 3 years unoccupancy prior to inception accepted (Lloyd’s)

• Property Owner’s Liability extension to £5,000,000 LOI (RSA) • Landlord’s Contents available (Lloyd’s)

07


Economy Let

ECONOMY LET - No Frills Landlord’s Insurance QUICK QUOTE FACILITY

Our recently launched CX Economy Let is a no frills

for instant premium indications

Let facility providing affordable cover for residential landlords, offering simple, straightforward protection.

KEY SELLING POINTS

Feature

• Up to 20% rate reduction against our standard CX Let – Lloyd’s facility

• Up to 25% No Claims Discount

• Blocks of flats acceptable • Single flats within a block can be accommodated • Wider perils available on unoccupied properties pending tenants • Property Owner’s Liabiity £1,000,000 LOI

Key Extensions to Cover • Landlord’s Contents cover available • Wider perils available for unoccupied properties • Liability cover available for accidents to domestic staff • Legal Expenses up to £25,000 • Rent Guarantee cover up to £30,000 • Emergency Assistance up to £500 • Terrorism (ex Northern Ireland)

ECONOMY COVER Standard CX Let - Lloyd’s cover but 20% cheaper EXCLUDING the following covers: • Accidental Damage cover to buildings • Accidental Damage to sanitary ware • Accidental Damage to underground services

08

• Loss of Metered Water • Subsidence, Landslip & Heave

• Loss of Rent • Trace and Access

09


Commercial PO

COMMERCIAL - Property Owner’s Insurance The CX Commercial Property Owner’s scheme is designed to offer protection for commercial property landlords. Premiums start at just £200 for trades including offices, shops, restaurants, takeaways and unoccupied properties.

Features

Key Extensions to Cover

• • • • •

• • • • •

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

Accidental Damage available for all trades except unoccupied properties Property Owner’s Liability extension to £5,000,000 LOI Landlord’s Fixture & Fittings cover available Shop Front Glass available Terrorism (ex Northern Ireland)

KEY SELLING POINTS • Minimum premium £200 • Can accommodate commercial units with residential sections • £2,500 Malicious Damage cover available

QUICK QUOTE FACILITY

for instant premium indications

10

11


Industrial PO

INDUSTRIAL - Property Owner’s Insurance This hugely successful property owner’s facility covers industrial properties being used for manufacturing, wholesale, retail or processing trades, with more than 560 trades being specifically covered.

Features • Property Owner’s Liability £2,000,000 LOI • Loss of Rent 20% building sum insured • Glass sum insured of £2,500 automatically included • The cost of replacing external locks following Theft of Keys up to £1,000 included • Trace and Access costs up to £5,000 • Unauthorised use of utilities up to £10,000 • Up to 25% No Claims Discount • Book Debts available • Glass, Canopies and Signs available

KEY SELLING POINTS

Key Extensions to Cover

• Minimum premium £200

• • • •

• 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

Property Owner’s Liability extension to £5,000,000 LOI available Accidental Damage cover available to buildings and landlord’s contents Landlord’s Contents available Terrorism (ex Northern Ireland)

• Voluntary excess available • Size discounts available 12

13


Unoccupied

UNOCCUPIED - Commercial or Industrial Property Owner’s Insurance This exclusive product caters for vacant commercial and industrial buildings that are undergoing refurbishment, renovation, pending sale or purely awaiting occupation.

Features

Key Extensions to Cover

• • • •

• • •

Cover automatically includes Fire, Lighting, Aircraft, Explosion, Subsidence, Landslip & Heave Property Owner’s Liability £2,000,000 LOI Up to 3 year period for the property to be left unoccupied/vacant Up to 25% No Claims Discount

Cover can be extended to include Malicious Damage, Flood and Storm when unoccupied Property Owner’s Liability extension to £5,000,000 LOI available Terrorism (ex Northern Ireland)

KEY SELLING POINTS • Minimum premium £200 • 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 14

15


Landlords Contents

LANDLORD’S CONTENTS Insurance CX Landlord’s Contents provides cover for landlords who rent out partially or fully furnished houses or apartments. Arranging landlords insurance can be a time consuming exercise, we have therefore produced a product that will easily meet your clients’ insurance requirements.

Features

Key Optional Extensions

• • • •

• Legal Expenses up to £25,000 • Accidental Damage if let to professional

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 Loss of Rent 15% of the contents sum insured

KEY SELLING POINTS • 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

16

17


WHY CHOOSE COMMERCIAL EXPRESS? Our mission is to provide the highest level of service working with our agents to help secure business. We provide specialist cover at affordable prices, backed by A+ rated insurers.

AS A CX AGENT YOUR BUSINESS CAN BENEFIT FROM: • Outstanding service levels • Business Development Managers • Experienced in-house underwriters • Online trading system • Exclusive product range We’re here to support our brokers in providing the best possible solutions for your clients.

Tel: 0845 094 2077 Cover in an Instant 18

YOU’RE COVERED. 19


Cover in an Instant Commercial Express Quotes Limited, Units 3 & 4 Castlegate Court, Castlegate Way, Dudley, DY1 4RD Tel: 0845 094 2077 www.ceqonline.co.uk www.twitter.com/ceqonline


Property Owner's Guide 2014