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Residential Let Property

Available on a range of software houses and as an e-trade build for brokers' own platforms

This product is available on Acturis, Open GI via Homewriter and PowerPlace Micro, SSP and as a bespoke build for brokers’ own e-trading platforms. Need help with a referral? Contact us on 01403 321117

Our product offers a differentiated footprint and broad acceptability criteria, allowing you to e-trade risks which would previously have been declined.

Available on Acturis, Open GI via via Homewriter and PowerPlace Micro, and SSP; plus our skill at e-trading means we can also design a bespoke build for your own platform:

- We can build products for your own quote and buy administration system
- We can build white-labelled software house products to your specification
- We can also create solutions for broker panels, where we can support common policy wordings or provide our own

Whatever option you choose, we will work closely with you to identify gaps in your product offering, giving you the opportunity to quote for more risks and ultimately write more business. Where referral is needed to an underwriter, you'll find us easy to do business with, because our in-house team's expertise makes them quick and flexible.

Plus, we know that e-traded products can seem generic so we've added in value wherever we can, for example, your clients will benefit from excellent service from a UK claims team and our generous covers.

Please note: for RPO TGS no New Business or Renewals can be placed on or after 1 April 2023


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Who Qualifies?

Anyone! What does that mean? It means not having to cancel and replace mid-term if the tenant changes eg from occupied to unoccupied, or even pending sale.

And, when we say we cover anyone, we really mean it:

- UK holiday let
- Homes in multiple occupations
- Tenancies arranged direct with local authorities where the landlord has signed over the property
- Clients with bankruptcies, County Court Judgements (CCJs) or convictions
- Cover available (excluding subsidence) for properties with previous subsidence claims
- Competitive rates for unoccupied properties on restricted perils

What's covered

- Buildings Sum Insured up to £1M (£500K for unoccupied properties)
- Full Perils available on unoccupied properties
- Cover for cultivation of drugs and unauthorised occupation of the home
- Trace and Access cover up to £25K
- Replacement locks and keys up to £2.5K
- Loss of rent and alternative accommodation cover up 25% of buildings sum insured
- Accidental damage for all tenant types (excluding unoccupied and holiday lets)
- Malicious damage and theft by tenant up to £5K (excluding unoccupied and holiday lets)
- Property owners liability up to £5M




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What else do we offer on Acturis?

  • Risk Managed Commercial - Regional Commercial Combined Personally underwritten for a bespoke quote Supported by online risk management and bespoke risk surveying
    View
  • Property Owners Acturis Cover for over 800 property uses from Acturis
    View

Documents

  • Residential Let Property from Pen Download the information on this webpage as a brochure
  • Personal lines from Pen Solutions for brokers
  • RPO Policy Wording - Acturis
  • RPO Policy Wording - SSP
  • RPO Policy Wording - Open GI & TGSL
  • Endorsement Library - Open GI
  • Endorsement Library - SSP
  • Endorsement Library - TGSL
  • Insurance Product Information Document (IPID) - Open GI
  • Insurance Product Information Document (IPID)- SSP
  • Insurance Product Information Document (IPID) - TGSL
  • RPO Legal Expenses & Rent Guarantee Policy Wording Acturis Only

Contacts

Chris Mead
Senior Underwriter - SME & Personal Lines
01420 470579
Email
Paul Manners
Senior Underwriter - SME & Personal Lines
01420 470552
Email
Claims

Need to make a claim? Call us on 0330 102 6803

Prefer to email us?

Email

For activation call 01403 321372 or email us

Email Us

Did you know Pen also offers:

Blocks of Flats

Comprehensive cover for owners of blocks of flats

Learn More

Property Investors

Over 1500 property uses covered

Learn More
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