Commercial Landlord Insurance assumptions - saving you time with your quote
Please ensure that the information provided by you is correct, and you comply with the statements on this page. Should you decide to buy this policy, these details will form the basis of the insurance contract between us. Incorrect information could invalidate all or part of the policy. Under European law you and we may choose which law will apply to this contract. English law will apply unless both parties agree otherwise. Our cancellation and complaints procedure is detailed in the policy documents, where you can also find the details of the 14 day cooling off period.
If your circumstances change between the date you purchase the policy and the date when you require the policy to commence, please call us. Incorrect information could invalidate all or part of the policy.
Mid term adjustments to your policy will result in a maximum amendment fee of £21.00 (including Insurance Premium Tax where applicable) in addition to any premium charged or refunded.
If you decide to cancel your policy during the period of insurance a cancellation fee will apply amounting to 1/12th of your annual premium, up to a maximum of £50.00 (calculated at the time of cancellation, plus Insurance Premium Tax where applicable).
Neither You, nor Your Directors nor Your Business partners:
- have ever had a proposal for insurance declined or special conditions imposed by any Insurer
- have ever been convicted of or charged (but not yet tried) with a breach of any health and safety legislation or any other criminal offence other than parking or speeding offences or offences which are spent under the Rehabilitation of Offenders Act 1974
- are subject to an outstanding County Court Judgement (or the Scottish equivalent)
- are subject to bankruptcy or insolvency orders which are either outstanding or have been discharged for less than 5 years
You:
- own, lease or are purchasing the property(ies) to be insured
- comply with all of your legal obligations as a landlord
- are not a property developer
- do not have agreed letting periods of less than 6 months
Important statements about your property(ies):
Your properties:
- are built solely of brick, stone, or concrete and roofed solely of slates, tiles, asphalt, concrete, metal or other incombustible materials other than flat roofs
- do not require any repair of refurbishment to make them secure or water tight and will be so maintained.
- are heated only by gas central heating, electric storage heaters, or fixed gas or electrical appliances
- are not Grade 1 listed
- are not used as holiday homes
- are not sub-let
Your properties are not occupied as or let to:
- halfway houses
- bedsits
- housing associations
- Local Authorities
- students
- asylum seekers
Important statements about your tenants residing in houses, flats or bungalows:
Only those individuals who have signed the tenancy agreement with you shall permanently reside at the property unless they are:
- members of the same family
- the partner of the tenant
- individuals under the age of 18 for whom the tenant is the legal guardian
Those individuals who have signed the tenancy agreement must be either employed or retired
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