Property Owners Insurance

Landlords & Property Investors insurance

Rowlands & Hames manages property portfolios from the single residential letting through to large property investment portfolios

• comprehensive policy wordings
• additional cover including privity of contract for
• larger portfolios
• tenant documentation by property
• competitive premiums
• typical programme caters for:
  • Buildings All Risks
  • Landlord’s Contents
  • Communal Contents
  • Loss of Rental income – generally 24/36 months
  • Property Owners Liability
  • Land Owners Liability
  • Terrorism
  • Legal Expenses
  • Employers’ Liability (if required)
  • Management Liability (D&O and Corporate Liability)
  • Contract Works (if required)
  • Latent Defects (if required)

Unoccupied Properties – Commercial and/or Residential

Rowlands & Hames can access a variety of schemes and underwriters specifically catering for short or long-term unoccupancy situation, whether a single residential Property owners insurance (perhaps in probate) to larger commercial and industrial properties.

Various levels of cover are available depending upon circumstances.

Property Developers’ Insurance

This would typically relate to those investing in new build (residential or commercial) or major improvements to existing properties/portfolios.

A standard Property Owners Insurance policy would not be sufficient as this excludes work on existing properties.

Typical requirements:

• Contract Works insurance (materials, work in progress and completed works, as well as Employers’ and Public Liabilities, own and hired-in plant and equipment/tools etc, terrorism)
• Latent Defects (10 or 12 years)
• Management Liability
• Advanced Rent covers

Property Managers & Estate Agent portfolios

Block arrangements for Property Managers (including estate agents) and their clients bring efficiencies, cost savings and greater certainty to the insurance arrangements.

We undertake to:

• Make the Property manager’s life easier through excellent service, providing fast manual or electronic documentation.
• Provide management information
• Reduce risk by the provision of risk management advice and services
• Cost and income benefits to you.

The significant benefits for Managing Agents are:

• Increases the breadth of service you can offer to existing and attract potential new clients
• Tailored documentation for each landlord client and each individual tenant, significantly reducing your administration time and costs
• Immediate cover may be arranged by phone, fax or email.
• Comprehensive policy wording accommodating both Commercial and Residential properties under the one block policy
• Tailored cover for unoccupied risks (particularly important at the moment)
• Bespoke claims handling arrangements to speed-up the claims process.
• Your policy will protect your clients from ‘Privity of Contract’ claims from former tenants
• Incorporates ‘Property Managers’ Indemnity i.e. subrogation rights are not enforced against you and the policy will protect you against recovery actions where you are legally liable.
• Risk Management advice
• Premiums returned promptly when tenants vacate or a property is sold

We are also in a position to provide cover for the Managing Agents themselves:

• Office Insurance including liabilities
• Contingent Liabilities should the Managing Agent appoint tradesman etc to work on clients’ premises
• Professional Indemnity
• Directors’ & Officers’ Liability
• Legal Expenses
• Company fleets and individual vehicles

We also offer a complete service to Managing Agents – contact us for more information.

Policy limits and exclusions may apply, please see policy wording for full terms and conditions.