PREMIER

Overview

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Commercial Home Insurance is designed to cater for the needs of property owners who rent out their real estate investments. This type of insurance policy offers a comprehensive set of protections and options, which typically include:

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• Coverage for accidental loss or damage to the landlord's buildings, ensuring that any unforeseen damage to the property is addressed.

• Coverage for accidental loss or damage to the contents within the property, whether they belong to the landlord or the tenants.

• Liability coverage for both landlords and tenants in case of any harm or damage that occurs within the rental property.

• Protection against liability claims brought by third parties related to the property.

• Coverage for rent owed by tenant/s under a lease agreement if tenant/s stop paying rent or abscond/s before the end of the tenancy period without giving notice as stated in the lease agreement.

• 24/7 Home Assistance and Emergency Services, providing support during emergencies.

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The specific coverage may vary depending on the options chosen, but typically includes:

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• Temporary alternative accommodation or loss of rental income if property is unfit to live in following a covered loss.

• Protection against mechanical or electrical breakdowns in air-conditioning and energy-saving equipment.

• Coverage for expenses related to tracing and accessing hidden damage or leaks (locate, remove and replace any part of the buildings to repair heating/water systems which caused an escape of water or oil).

• Reimbursement for fire extinguishing expenses.

• Coverage for loss or damage to locks and keys.

• Protection for new fixtures and fittings that are being installed.

• Legal expense coverage for disputes related to the property.

• Compensation for the loss of metered water and oil.

• Coverage for any damage caused by emergency services when they need to forcibly enter or exit the property during an emergency.

• Protection for garden furniture and equipment within the property's boundaries.

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It's important to review the Product Documentation for a comprehensive understanding of what is covered and any exclusions. Notably, this insurance typically offers coverage based on accidental damage rather than specific insured perils, meaning that it covers a broader range of accidental damage to the insured property unless the damage falls under a limited set of exclusions specified in the policy.