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Residential Let Property
The residential let property product is designed for all types of residentially let risks.
Risk Types Available
• Properties let direct to the council
• Properties let direct to housing associations
• Bedsit type properties
• Multi-tenanted house/flats
• Asylum seeker tenants
• Short term lease
• Housing benefit recipients
• Student tenants
• Employed/Self employed & retired tenants
• Unoccupied to be let within 90 days
• Contents Only Option
Target Markets
This product is designed to provide flexible underwriting for all residential let property risks.
• Properties let direct to council
• Properties let direct to housing associations
• Bedsit type properties
Package Cover Includes
• Full standard perils
• Accidental damage (included as standard with certain markets
• Subsidence
• Property owners liability up to £5m
• Loss of rent (upto 33.3% of the building sum insured)
• Trace and access cover
Not Suitable For
• Long term Unoccupied properties
• Grade 1A Listed Buildings
Insurers Available
• AXA Insurance UK plc
• AmTrust Europe Ltd.
• Axis Specialty London
• HCC International Insurance Company Plc
Commission Terms
Upto 25% commission
Risk Transfer
Risk transfer cascades to brokers with an ABACUS agency. Sub-Broking only allowable with written authority.
