summary of cover PROPERTY OWNERS INSURANCE Version 5

Transcription

1 summary of cover PROPERTY OWNERS INSURANCE Versio 5

2 2 SUMMARY OF COVER PROPERTY OWNERS Policy ref: PD2309 What is a policy summary? This documet provides key iformatio about the Property Owers isurace policy. Please ote that this policy summary does ot cotai the full terms ad coditios of this cotract. These ca be foud i the Property Owers policy wordig. If you have ay questios please cotact your isurace broker. Policy ame Property Owers Type of isurace This Property Owers isurace is available for buildigs ad lad which belogs to, but is ot occupied by, the ower. The policy is desiged to provide maagig agets ad owers with all the essetial cover relatig to reted commercial ad residetial property. Uderwritte by: Ecclesiastical Isurace Office plc. Helplies ad legal expeses provided i partership with DAS Legal Expeses Isurace Compay Limited. Duratio of your policy: 12 moths from the start date show o your policy schedule. Reewal of your policy: We will sed you otice that your policy is approachig reewal before it is due. Your requiremets may chage over time, so you may beefit from reviewig the value, cover ad level of service provided by your policy. Sigificat features ad beefits: The policy offers you isurace for your buildigs ad cotets of commo parts, your loss of retal icome followig a property damage claim ad equipmet breakdow cover helpig you get a extesive rage of equipmet up ad ruig agai. Optioal covers are available for terrorism, employers ad public liability ad legal expeses. The sectios you have chose to isure ad the applicable sums isured are show o your policy schedule. We are also able to offer most of our customers the optio of a special valuatio service. Through this we will be able to recommed suitable values for the cost of rebuildig or replacig your property which will help you choose the right sums to isure.

3 PROPERTY OWNERS SUMMARY OF COVER 3 Key beefits iclude: We ca provide a broad rage of cover withi oe tailored policy which icludes the followig Property damage cover for buildigs ad cotets of commo parts agaist a wide rage of selected perils which ca iclude accidetal damage ad subsidece Buildigs cover icludes cover for certai types of wid turbies ad solar paels. Cotets of commo parts iclude your maiteace ad cleaig equipmet ad the furiture ad furishigs i commo parts Property damage also cotais automatic extesios icludig: - Iadvertet omissio to isure up to 2,000,000 per property or 500,000 for uoccupied properties - Privity of cotract up to 1,000,000 - Capital additios for ewly acquired properties up to 2,000,000 or 500,000 for uoccupied properties ad the alteratios ad additios to existig properties up to 500,000 - Europea Uio ad Public Authorities costs up to 15% of sum isured - Reistatemet to match - Emergecy services damages to the grouds up to 25,000 per claim - Extiguisher ad alarm re-settig expeses - Sprikler upgrade costs up to 20% of the buildigs sum isured - Clearig of drais up to 50,000 per claim - Cotract works up to 100,000 - Loss of oil gas or water up to 10,000 per period of isurace - Uauthorised use of utilities 5,000 per claim ad 10,000 per period of isurace - Temporary accommodatio for private resideces up to 20% of sum isured ad for a maximum of 24 moths - Temporary removal for cleaig or repair up to 10% of sum isured - Fly tippig clearace costs at occupied premises up to 2,500 per claim ad 5,000 per period of isurace - Loss of keys up to 2,500 per claim ad 5,000 per period of isurace - Removal of trees if they are a immediate threat to life or property up to 500 per claim ad 2,500 per period of isurace - Removal of isect ests up to 500 per claim - Ay VAT you are uable to recover followig damage to buildigs - Day Oe uplift o Declared Values at a rate agreed with you - Loss of market value is available as a alterative to reistatemet basis of settlemet Equipmet breakdow for a rage of equipmet icludig lifts, boilers ad air coditioig systems - up to 5,000,000 ay oe period for all claims - up to 500,000 ay oe accidet for computer equipmet at your premises - up to 5,000 for ay oe accidet to portable computer equipmet aywhere i the world Retal icome cover followig a isured evet uder the Property damage sectio ad the extra costs to miimise the loss of ret Retal icome also cotais automatic extesios icludig: - Additioal icrease i cost of workig up to 25,000 per claim for uecoomic costs - Cover for maagig aget s premises up to 50,000 or 20% of ret receivable whichever is less - Loss of ivestmet icome where claim settlemet is made later tha ret would have bee received

4 4 SUMMARY OF COVER PROPERTY OWNERS Additioal cover available at a extra cost: At your request the policy ca be exteded to iclude the cotets of furished ad teated accommodatio Terrorism cover ca be take out to cover all your property isured by the policy ad ca be exteded to iclude your loss of reveue ad/or additioal costs followig ad iterruptio caused by a act of terrorism Employers liability up to 10,000,000 per claim icludig legal costs ad 5,000,000 per claim related to terrorism Public liability up to a limit of 2,000,000/ 5,000,000/ 10,000,000 depedig o the limit chose by you per evet Corporate maslaughter defece costs up to 1,000,000 Legal expeses cover provided i cojuctio with DAS Legal Expeses Isurace Compay Limited icludig removal of squatters up to 100,000 per claim Sigificat or uusual exclusios/limitatios: Terrorism cover is excluded uless the separate Terrorism sectio is operative Radioactive cotamiatio ad war risks are excluded except i relatio to Employers liability if isured Pollutio ad cotamiatio are excluded uless caused by a isured evet other tha accidetal damage If after cover is take out there are ay sigificat alteratios of risk, icludig cotract works over 100,000 you must give us otice as soo as possible ad we may cacel the policy or charge additioal premium The relevat excess that applies is excluded from ay claims I the evet of uderisurace (except where our valuatio service has bee used ad agreed) the the amout we pay for a claim will be reduced i proportio to the degree of uderisurace Equipmet breakdow excludes wear ad tear or maiteace related issues, breakdow caused by computer viruses or hackig, ad ay biomass ad biogas istallatios Legal expeses cover excludes costs ad expeses before DAS s writte acceptace of a claim or claims reported more tha 180 days after the evet that led to a claim as well as the followig specific exclusios - For civil claims it must be more tha likely that the isured perso will recover damages or make a successful defece of their claim - Property protectio excludes ay claims relatig to cotracts etered ito by you - Legal defece excludes motorig prosecutios - Removal of squatters excludes ay claim reported more tha 90 days after your kowledge of the squatters - If you decide ot to use a law firm that DAS recommed we will oly pay your reasoable costs ad expeses takig ito accout what we would have paid the DAS recommeded law firm Cacellatio rights: We hope you are happy with the cover the policy provides. You have a right to cacel the policy withi 14 days of receivig your policy documets. This is show i your policy uder the headig Cacellatio i the Geeral Coditios. This Geeral Coditio also explais your right to cacel outside of the coolig off period ad our right to cacel your policy uder certai circumstaces.

5 PROPERTY OWNERS SUMMARY OF COVER 5 Our right to cacel: We have the right to cacel your policy by sedig 14 days otice ad shall refud to you the proportioate premium for the uexpired period of cover, this is show uder the headig Cacellatio i the Geeral Coditios. Claims service: You ca make a claim through your isurace broker or directly, usig the followig telephoe umbers: For all claims other tha legal expeses: Call us o For legal expeses claims: Call DAS Legal Expeses Isurace Compay Limited o Complaits: If you are uhappy with our products or service, please cotact us as soo as possible. You ca complai i writig or verbally at ay time to: For all complaits other tha Legal expeses complaits: Ecclesiastical Isurace Office plc Beaufort House Bruswick Road Gloucester GL1 1JZ Tel: complaits@ecclesiastical.com For Legal expeses complaits: DAS Legal Expeses Isurace Compay Limited DAS House Quay Side Temple Back Bristol BS1 6NH Tel: customerrelatios@das.co.uk

6 6 SUMMARY OF COVER PROPERTY OWNERS Our promise to you: We will aim to resolve your complait withi oe busiess day. To resolve your complait we will Ivestigate your complait diligetly ad impartially withi Ecclesiastical Keep you iformed of the progress of the ivestigatio For more complex issues, we may eed a little loger to ivestigate ad we may ask you for further iformatio to help us reach a decisio Respod i writig to your complait as soo as possible If you re ot satisfied with our respose, or we have ot completed our ivestigatio after eight weeks, we ll iform you of your right to take the complait to: Fiacial Ombudsma Service Exchage Tower Lodo E14 9SR Tel: complait.ifo@fiacial-ombudsma.org.uk Website: This complaits procedure does ot affect your right to take legal proceedigs. Fiacial Services Compesatio Scheme (FSCS): We cotribute to the Fiacial Services Compesatio Scheme (FSCS) ad you may be etitled to compesatio should we be uable to fulfil our obligatios. For further iformatio you ca cotact the FSCS o: Tel: +44 (0) or Or visit their website: Law applyig The policy will be govered by Eglish law uless you live i Scotlad i which case the law of Scotlad will apply (except the Legal expeses sectio which is subject to the law of that part of the Uited Kigdom, Chael Islads or Isle of Ma where you ormally live). I the case of a dispute as to which law applies, it will be Eglish law.

7 This cotract is uderwritte by: Ecclesiastical Isurace Office plc. Our FCA register umber is Our permitted busiess is geeral isurace. You ca check this o the FCA s register by visitig the FCA s website or by cotactig the FCA o

8 For further iformatio o ay of our products or services, please speak to your broker. Or visit us at If you would like this booklet i large prit, braille, o audio tape or computer disc please call us o You ca also tell us if you would like to always receive literature i aother format. Beaufort House, Bruswick Road, Gloucester GL1 1JZ Ecclesiastical Isurace Office plc (EIO) Reg. No Registered i Eglad at Beaufort House, Bruswick Road, Gloucester, GL1 1JZ, UK. EIO is authorised by the Prudetial Regulatio Authority ad regulated by the Fiacial Coduct Authority ad the Prudetial Regulatio Authority. Ecclesiastical Isurace Office plc 2018 PD2310/5/0518