Our full-cycle Property Owners eProduct is designed for residential and commercial properties owned or managed by the policyholder. It is suitable for single and multi-location portfolios of up to 25 premises.
Why choose NIG for Property Owners?
- Average free wording.
- Increased unoccupancy cover for unoccupied residential properties from 30 to 90 days.
- Theft and Malicious Damage by tenant covered automatically up to £10,000 per claim.
- Cover for damage caused by illegal cultivation of drugs (residential properties).
- Legionellosis cover up to £100,000.
- Environmental statutory clean up costs up to £100,000.
- Introductory no claims discount available at new business.
- No claims discount available at renewal.
- Minimum premiums from £100 + IPT for Buildings only (Residential & Commercial) and £70 + IPT for Contents only cover (available on Residential only).
- Standard excess of £200 for Landlords Contents and Buildings with £100 or £500 options available. (NB the minimum Excess for Escape of Water is £500).
- Multiple premises discounts available (can cover up to 25 premises on one Policy).
- Engineering Breakdown automatically included. Covers boilers, heating systems, lifts, alarms and air conditioning units if Buildings insured. Covers domestic kitchen and laundry equipment and Audio visual equipment if Contents insured.
- Floor Coverings up to £5,000 as standard, this can be increased.
- The buildings section includes Loss of or Duplication of Keys up to £15,000.
- Option to add accidental damage to Buildings and Landlords Contents.
- Option to add Legal Expenses, up to £250,000, with Repossession cover as standard.
- Seventy-two hours clause.
- Cover includes involuntary betterment.
The amount in brackets denotes the standard limit provided.
(Minimum limit available is £40,000)
|Public liability||£10,000,000 (£2,000,000)|
|Glass and sanitary ware||Unlimited|
|Personal accident||Capital benefits £50,000|
|Commercial legal expense||£250,000|
* Buildings cover is not compulsory for residential properties.
This is a summary of the cover available. Please refer to the policy booklet for full terms and conditions.
- Available on:
- PowerPlace Micro
- PowerPlace SME
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