1. BRINGING YOU A FRESH
APPROACH TO YOUR
PROPERTY INSURANCE
RESIDENTIAL EXPERTISE
Our success comes from using our strong experience to provide expert advice. We
place the emphasis on quality of cover, fast decision making and providing innovative
solutions. Through the skills and market strength of JLT Specialty, we are able to
deliver on all these components.
For residential properties, unlike commercial real estate, risks originate from the
insurance requirements of the occupiers, be they leaseholders or tenants, but also the
owners, property investors, financial backers and lenders, freeholders and property
management companies.
The significant areas of risks for residential business can include, loss of rent, theft of
landlords contents, water damage losses, liability to occupiers, exposure to weather
related events and possible flood exposures.
PROPERTY INSURANCE
RESIDENTIAL REAL ESTATE PRODUCT INFORMATION
FOR FUTHER
INFORMATION
PLEASE CONTACT
Shaun Grainger
M: +44 (0)7917 240 509
E: shaun_grainger@jltgroup.com
Penny Jepson
M: +44 (0)7919 398 438
E: penny_jepson@jltgroup.com
2. 2 RESIDENTIAL REAL ESTATE | Product Information
Our policies ensure we provide
comprehensive cover for ALL OWNERS
and OCCUPIERS whilst ensuring the
specific requirements of the interested
financial backers are exceeded.
PRIVATE RENTED SECTOR
It’s a very exciting time for everyone
involved in the private rented sector
(PRS) as it has overtaken social housing
as the UK’s second largest tenure and
build-to-rent is being hailed as the
answer to the housing shortage.
Our Residential Real Estate team is
currently advising property professionals
like you, in all areas of their PRS
business.
Developers are seeing the benefits of
building PRS, where the sale of a block
to investors can both de-risk and bring
forward latter phases.
An area which is often neglected during
the investment process is gaining the
requisite insurance. Are you confident the
insurance arranged by the investors
provides full protection for legal advisors
and the banks you represent?
Our Property Insurance Product
Includes:
Loss of rent•
Landlord contents•
Malicious damage by tenants•
Unlimited trace and access•
Property Owners Liability up to•
GBP 25 million
Also includes investor specific clauses
such as:
Non-vitiation clause•
Composite Insured Status•
Capital additions•
Protection against loss of•
market value.
3. www.jltspecialty.com | Product Information 3
POLICY COVER JLT’S REAL ESTATE POLICY
Loss of Rental Income 35% of the Buildings Declared Value
Malicious Damage By Tenants Included
Property Owners Liability Up to £25,000,000
Terrorism Liability £5,000,000
Employers Liability £10,000,000
Day One Uplift An additional 50% of the Building Declared Value
Average Condition Yes
Unoccupied Building Conditions None
Reinstatement to Match £100,000
Alternative Accommodation 35% of the Buildings Declared Value
Landlords Contents As Required
(No premium charge for the first £50,000 of cover)
Trace & Access Included
Theft of Keys Included
Loss of keys Included
Loss of Metred Water £250,000
Emergency Services Access Included
Removal of Nests £10,000
Removal of Fallen Trees Included
Eviction of Squatters £50,000 Legal Cover
Fly Tipping Removal Costs Included
Re-letting Costs Included
Legal Contingencies Extension (Chancel Repairs, Restrictive
Covenants and Adverse Rights)
£1,000,000
Archaeological Discoveries £250,000
Newly Acquired Buildings £5,000,000
Capital Additions £2,500,000
Contract All Risks £750,000
Contractors Interest £500,000
Loss of Market Value £5,000,000
Personal Possessions £2,500
Pollution and Contamination Removal £1,000,000
JLT POLICY
