Unoccupied Property Insurance - Cover details

 

 

Cover Details

Underwritten by

Ocaso SA
Approved by the Department of Trade & Industry, Members of the Association of British Insurers and authorised by the Financial Conduct Authority
 
Cover Available for
Unoccupied Residential Properties
 
• Standard Perils (including subsidence)
• Fire, Lightning, Explosion and Earthquake
• Damage by Aircraft, Storm, Tempest or Flood
• Escape of Water, Escape of Oil
• Theft or Attempted Theft
• Malicious Damage
• Impact by Vehicle or Animal
• Falling Trees, Telegraph Poles or Lamp-Posts
• Falling of Fixed Television Aerials, Satellite Dishes
• Property owners Liability £2,000,000
 
Max Building
Sum Insured
£1,000,000
(Please refer properties above £1,000,000
Please note the importance of entering the correct rebuild sum insured as this will affect any claim payout. If you are under-insured, which means the cost of rebuilding the buildings at the time of loss or damage is more that your sum insured for the buildings, then you will only receive a proportion of the claim payout. For example: if your sum insured only covers one half of the cost of rebuilding the buildings, you will only receive half of the cost of repair or replacement.)
 
Excess
£1000 subsidence, landslip or heave. All other claims £250
 

Building Rating
Structure

Cover period 3 months

(non-refundable, renewable thereafter) Sum Insured x 0.09% (Grade II Listed Buildings: Sum Insured x 0.117%) plus Insurance Premium Tax (IPT) @ 12% plus administration charge of £25.00

Optional Contents Cover
£15,000 fixed sum insured at a premium of £95.20 (including 12% IPT)
 
Examples
Building Sum Insured £100,000 x 0.1%
+ IPT @ 12% = £112 + £25.00 admin charge
= £125.80

Grade II Listed Building Sum Insured £100,000 x 0.117%
+ IPT @ 12% = £131.04 + £25.00 admin charge
= £156.04
 

Building Rating
Structure

Cover period 6 months

(non-refundable, renewable thereafter)
Sum Insured x 0.135% (Grade II Listed Buildings: Sum Insured x 0.18%) plus Insurance Premium Tax (IPT) @ 12% plus administration charge of £25.00

Optional Contents Cover
£15,000 fixed sum insured at a premium of £168 (including 12% IPT)
 
Examples
Building Sum Insured £100,000 x 0.135%
+ IPT @ 12% = £151.20 + £25.00 admin charge
= £176.20

Grade II Listed Building Sum Insured £100,000 x 0.18%
+ IPT @ 12% = £201.60 + £25.00 admin charge
= £226.60
 

Building Rating
Structure

Cover period 9 months

(a pro rata refund will be issued subject to a minimum charge of £150.00 )
Sum Insured x 0.2% (Grade II Listed Buildings: Sum Insured x 0.275%) plus Insurance Premium Tax (IPT) @ 12% plus administration charge of £25.00

Optional Contents Cover
£15,000 fixed sum insured at a premium of £308 (including 12% IPT)
 
Examples
Building Sum Insured £100,000 x 0.2%
+ IPT @ 12% = £224 + £25.00 admin charge
= £249

Grade II Listed Building Sum Insured £100,000 x 0.275%
+ IPT @ 12% = £308 + £25.00 admin charge
= £333
 

Building Rating
Structure

Cover period 12 months

(a pro rata refund will be issued subject to a minimum charge of £150.00 )
Sum Insured x 0.25% (Grade II Listed Buildings: Sum Insured x 0.335%) plus Insurance Premium Tax (IPT) @ 12% plus administration charge of £25.00

Optional Contents Cover
£15,000 fixed sum insured at a premium of £308 (including 12% IPT)
 
Examples
Building Sum Insured £100,000 x 0.25%
+ IPT @ 12% = £280 + £25.00 admin charge
= £305

Grade II Listed Building Sum Insured £100,000 x 0.275%
+ IPT @ 12% = £375.20 + £25.00 admin charge
= £400.20
 
Claims

please call our claims helpline on 01603 626904

Proposal Form
You can complete our online proposal form here »
 
   

 

 

 

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Immediate Cover

We have a one-page proposal form, providing you with immediate cover.

Confirmation of cover will be sent to you within five working days. Please call us on 01603 626904 should you require further assistance.