This document discusses JLT Specialty's residential real estate property insurance. It provides comprehensive coverage for owners and occupants of residential properties. This includes risks like loss of rent, theft, water damage, liability, and weather events. JLT Specialty has experience insuring various aspects of the private rented sector, including advising property developers and investors. The insurance also includes specialized clauses requested by financial backers. A case study describes how JLT Specialty worked with Zurich to provide over £1 billion in coverage for the Olympic Village conversion project in London.

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

4. JLT Specialty Limited
The St Botolph Building
138 Houndsditch
London EC3A 7AW
www.jltspecialty.com
Lloyd’s Broker. Authorised and regulated by
the Financial Conduct Authority. A member
of the Jardine Lloyd Thompson Group.
Registered Office: The St Botolph Building,
138 Houndsditch, London EC3A 7AW.
Registered in England No. 01536540.
VAT No. 244 2321 96.
© February 2016 271072
RESIDENTIAL REAL ESTATE | PRODUCT INFORMATION
JLT Specialty Limited provides
insurance broking, risk management
and claims consulting services to
large and international companies.
Our success comes from focusing on
sectors where we know we can make
the greatest difference – using
insight, intelligence and imagination
to provide expert advice and robust –
often unique – solutions. We build
partner teams to work side-by-side
with you, our network and the market
to deliver responses which are
carefully considered from all angles.
Our Residential Real Estate division
has a wealth of experience,
recognised within both the insurance
market and residential real estate
sector. The team specialises in the
placement and management of real
estate focused solutions for UK
Property Managers, Surveyors and
Managing Agents, utilising market
leading IT platforms that are web
based and allow control of the
programme and access to real time
information anywhere in the world.
CASE STUDY
Challenge
Seek competitive cover for the London 2012 Olympic and Paralympic Village,
renamed ‘East Village’ after the Games. East Village estate comprises 64 large
blocks of residential flats and open spaces with an underwriting exposure of
nearly GBP 1 billion. Insurers were cautious of providing terms due to the
unusual size and nature of the development. However, the Olympic Delivery
Authority required a comprehensive policy at a premium that was also
acceptable to the investors and financers purchasing the properties following
conversion of the flats from their temporary use by athletes during the London
2012 Games to homes suitable for future families.
Solution
We were able to utilise our property insurance placement skills to provide
cover. Whilst some insurers did not want to provide terms until at least year
two (to provide an idea of expected losses) JLT Specialty were able to work
with Zurich to agree a strategy where losses would be closely monitored and
risk improvement strategies would be developed during the policy period. We
used our delegated underwriting authority and many years of relationship-
building with specific underwriters at Zurich to source a sustainable premium
at a level of cover acceptable to the Olympic Delivery Authority and the
investment companies.
Result
A tailored Property Owners policy was compiled and adjusted by JLT Specialty
that met the special requirements of all occupiers, owners, investors and the
Olympic Delivery Authority.
TESTIMONIAL
“This has been a complicated process with multiple JLT have acted swiftly
to respond to all requirements including bespoke covers for this complex
development. JLT have been very professional throughout and offered quick
cost effective solutions to all our demands. I would highly recommend them”
David Allen, Olympic Delivery Authority