cx property owner's guide 2013
DESCRIPTION
ÂTRANSCRIPT
Cover in an Instant
PROPERTY OWNER’S GUIDE
2013
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
4 - 5
6 - 7 8 - 9 10 - 11 12 - 13 14 - 15 16 - 17 18- 19
LetL t
Short TermUnoccupiedShort Term
Commercial PO
Industrial PO
Unoccupied
Landlords Contents
Economy Let
03
WHATEVER YOUR CLIENTS’ PROPERTY INSURANCE NEEDS...
HOLDS THE KEYCover in an Instant Please view full policy wordings for all specific and general exclusions
via our Broker Portal on www.ceqonline.co.uk
0504
LET - Residential Landlord’s Insurance
Inter Hannover
• PropertyOwner’sLiability£2,000,000LOIwiththeoptionto increaseto£5,000,000LOI• LossofRent20%buildingsuminsured• TraceandAccessupto£2,500• AccidentalDamagetocables&undergroundservicesupto£2,500• LossofMeteredWater
Key extensions to cover• LegalExpensesuptoalimitof£25,000withnopolicyexcess• RentGuaranteewithalimitofindemnityof£30,000• EmergencyAssistanceupto£500foremergencyrepairswithnopolicyexcess• Terrorismcover(exNorthernIreland)
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•AccidentalDamagegivenFREEfor professional,DSS(non-referral)& students(Lloyd’s)•AlternativeAccommodationcover included(InterHannover)•Blocksofflatsacceptable•Singleflatswithinablockcanbe accommodated•Widerperilsandfullcoveroptions availableonunoccupiedproperties pendingtenants(Lloyd’s)•MaliciousDamagebytenantsupto £2,500
QUICKQUOTEFACILITYforinstantpremiumindicationsandmultiinsurercomparison
CXLet-PanelofInsurers
LetL t
hannover
LetL t
CXLet-InsurerCoverComparison Lloyd’s InterHannover
EscapeofWaterExcess £500 £250
AlternativeAccommodationcoverincluded No Yes
Buildingscover:AccidentalDamageautomatically includedforprofessionals,studentsandDSSNon-Referral
Yes No*
OptiontoextendPropertyOwners’Liabilityto£5,000,000 No Yes
PipeLaggingdiscountavailable No Yes
MaximumSumInsureduponreferral £3m £6m
*AccidentalDamageavailableasanoptionalextra
Lloyd’s
• PropertyOwner’sLiability£2,000,000LOI• LossofRent20%buildingsuminsured• TraceandAccessupto£2,500• AccidentalDamagetocables&underground servicesupto£2,500• LossofMeteredWater• Sizediscountsupto25%
0706
SHORTTERMUNOCCUPIED - Residential Insurance
TheCXShortTermUnoccupiedfacilitybenefitsfromapanel arrangement and is designed for properties left vacantfor30daysormore,offeringflexiblecoverfor3,6or9months.Thisproductisidealforpropertieseitherawaitingprobate,saleorowneroccupation.
KEY SELLING POINTS•Covercanbeextendedmid-termupto 6or9monthsdependingonoriginal coverperiod•Policieswillautomaticallylapseafter theselectedperiod•Idealforpropertiesthataregoing throughprobate,beingsoldorarebeing renovatedforowneroccupation•Upto3yearsunoccupancypriorto inceptionaccepted(Lloyd’s)
PanelofInsurers
Keyfeatures• Fire,Lightning,Aircraft,Explosion,Storm, Flood,Subsidence,Landslip,Heave• PropertyOwner’sLiability£2,000,000LOI• Upto25%NoClaimsDiscount• Unlimitednumberofflats
Keybenefits• PropertyOwner’sLiabilityextensionto £5,000,000LOI(InterHannover)• Landlord’sContentsavailable(Lloyd’s)
QUICKQUOTEFACILITYforinstantpremiumindicationsandmultiinsurercomparison
hannover
Short TermUnoccupied
Short TermUnoccupied
InsurerCoverComparison Lloyd’s InterHannover
Landlord’sContentsavailable Yes No
Buildings-Sizediscountsavailable Yes No
OptiontoextendPropertyOwners’Liabilityto£5,000,000 No Yes
Restrictiononthetermofunoccupancypriortoinception 3yrs 6mths
PipeLaggingdiscountavailable No Yes
0908
ECONOMYLET- No Frills Landlord’s Insurance
Economy Let
Feature• Upto25%NoClaimsDiscount
Key Extensions to Cover• Landlord’sContentscoveravailable• Widerperilsavailableforunoccupied properties• Liabilitycoveravailableforaccidents to domestic staff• LegalExpensesupto£25,000• RentGuaranteecoverupto£30,000• EmergencyAssistanceupto£500• Terrorism(exNorthernIreland)
OurrecentlylaunchedCXEconomyLetisanofrills Letfacilityprovidingaffordablecoverforresidentiallandlords, offering simple, straightforward protection.
KEY SELLING POINTS•Upto20%ratereductionagainstour standardCXLet–Lloyd’sfacility•Blocksofflatsacceptable•Singleflatswithinablockcanbe accommodated•Widerperilsavailableonunoccupied propertiespendingtenants•PropertyOwner’sLiabiity£1,000,000LOI
QUICKQUOTEFACILITYforinstantpremiumindications
ECONOMYCOVERStandardCXLet-Lloyd’scoverbut20%cheaperEXCLUDINGthefollowingcovers:• AccidentalDamagecovertobuildings• AccidentalDamagetosanitaryware• AccidentalDamagetoundergroundservices
• LossofMeteredWater• Subsidence,Landslip&Heave
• LossofRent• TraceandAccess
1110
COMMERCIAL - Property Owner’s Insurance
Features• PropertyOwner’sLiability£2,000,000LOI• LossofRent20%buildingsuminsured• TraceandAccessupto£2,500• AccidentalDamagetocables&underground servicesupto£2,500• LossofMeteredWater
TheCXCommercialPropertyOwner’sschemeis designed to offer protection for commercial property landlords.
Premiumsstartatjust£200fortradesincluding offices, shops, restaurants, takeaways and unoccupied properties.
KEY SELLING POINTS•Minimumpremium£200•Canaccommodatecommercialunitswith residentialsections•£2,500MaliciousDamagecoveravailable
Commercial PO
Key Extensions to Cover• AccidentalDamageavailableforalltrades except unoccupied properties• PropertyOwner’sLiabilityextensionto£5,000,000LOI• Landlord’sFixture&Fittingscoveravailable• ShopFrontGlassavailable• Terrorism(exNorthernIreland)
QUICKQUOTEFACILITYforinstantpremiumindications
1312
INDUSTRIAL - Property Owner’s Insurance
Industrial PO
Features• PropertyOwner’sLiability£2,000,000LOI• LossofRent20%buildingsuminsured• Glasssuminsuredof£2,500automatically included• Thecostofreplacingexternallocksfollowing TheftofKeysupto£1,000included• TraceandAccesscostsupto£5,000• Unauthoriseduseofutilitiesupto£10,000• Upto25%NoClaimsDiscount• BookDebtsavailable• Glass,CanopiesandSignsavailable
Key Extensions to Cover• PropertyOwner’sLiabilityextensionto £5,000,000LOIavailable• AccidentalDamagecoveravailableto buildingsandlandlord’scontents• Landlord’sContentsavailable• Terrorism(exNorthernIreland)
Thishugelysuccessfulpropertyowner’sfacility coversindustrialpropertiesbeingusedfor manufacturing, wholesale, retail or processing trades,withmorethan560tradesbeing specifically covered.
KEY SELLING POINTS•Minimumpremium£200•Canaccommodateindustrialunitswith residentialsections•Ifthepropertybecomesunoccupiedat anystageitcanremainoncoverunder thesamepolicynumber•Voluntaryexcessavailable•Sizediscountsavailable
1514
UNOCCUPIED - Commercial or Industrial Property Owner’s Insurance
Thisexclusiveproductcatersforvacantcommercial andindustrialbuildingsthatareundergoing refurbishment,renovation,pendingsaleorpurelyawaiting occupation.
KEY SELLING POINTS•Minimumpremium£200•WiderPerilscoveravailable•Ifthepropertybecomesoccupiedatany stageitcanremainoncoverunderthe samepolicynumber•Upto3yearsunoccupancypriorto inceptionaccepted•Voluntaryexcessisavailable•Covercanbeextendedtoinclude MaliciousDamage,FloodandStorm whenunoccupied
Unoccupied
Features• CoverautomaticallyincludesFire,Lighting, Aircraft,Explosion,Subsidence,Landslip &Heave• PropertyOwner’sLiability£2,000,000LOI• Upto3yearperiodforthepropertytobe left unoccupied/vacant• Upto25%NoClaimsDiscount
Key Extensions to Cover• CovercanbeextendedtoincludeMalicious Damage,FloodandStormwhenunoccupied• PropertyOwner’sLiabilityextensionto £5,000,000LOIavailable• Terrorism(exNorthernIreland)
1716
LANDLORD’S CONTENTS Insurance
Features• CoverisavailableonaNewforOldbasis forLossorDamage• CoverincludesReplacementofLocksfollowing theft of keys• LossofMeteredWater• LossofRent15%ofthecontentssuminsured
CXLandlord’sContentsprovidescoverforlandlordswho rent out partially or fully furnished houses or apartments.Arranginglandlordsinsurancecanbe a time consuming exercise, we have therefore produced a product that will easily meet your clients’ insurance requirements.
KEY SELLING POINTS•Minimumpremium£50•Flatsabovecommercialpremisesare acceptable•AccidentalDamageavailableifletto professionals•Catersfortenantsincluding professionals,studentsandthoseon unemployment,disabilityorhousing benefit,plusunoccupiedproperties
Key Optional Extensions• LegalExpensesupto£25,000• AccidentalDamageiflettoprofessional
Landlords Contents
1918
WHYCHOOSECOMMERCIALEXPRESS?
ASACXAGENTYOURBUSINESSCANBENEFITFROM:
YOU’RE COVERED.
Our mission is to provide the highest level of service workingwithouragentstohelpsecurebusiness. Weprovidespecialistcoverataffordableprices,backedbyA+ratedinsurers. •Outstandingservicelevels•BusinessDevelopmentManagers•Experiencedin-houseunderwriters•Onlinetradingsystem•Exclusiveproductrange
We’reheretosupportourbrokersinprovidingthebestpossiblesolutionsforyourclients.
Tel:08450942077Cover in an Instant
Cover in an InstantCommercial 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