We’re committed to growing our niche product range and panels, and welcome the latest household launch from Lares.
Lares, a specialist property MGA with capacity from AXA UK, provides cover for unoccupied property from Full Cover/Full Perils through to Fire, Lightning, Explosion, and Earthquake’ (FLEE) cover only. This latest addition offers Open GI brokers (mainland), even greater choice on our HomeWriter platform.
It provides excellent cover for a wide range of risks including:
• Property undergoing renovations.
• Property/properties in probate.
• Inherited homes.
• Second homes.
• Property pending let or sale.
• For those in long-term care.
• For those travelling for long periods.
• Most property types including completed Barn Conversions and Cottages (not Thatched).
• Blocks of Flats (up to six).
Cover is available for Buildings, or Buildings and Contents combined, up to a maximum sum insured of £1 million for Buildings and £50,000 for Contents. As with most policies, there are some exclusions. For instance, there is no general Accidental Damage cover available on Buildings or Contents. Cover is also not available for Contents only.
The acceptance criteria is extremely wide, with most building types built from 1700 onwards acceptable. Thatched roof properties, those showing signs of movement due to subsidence, heave, or landslip, properties being used for business, trade, or commercial purposes, boarded-up properties, or those in a sub-standard state of repair are excluded from the policy. Cover for Buildings in areas exposed to subsidence or flood is available on the basis these peril types are removed/excluded.
Please contact Lares directly or speak to your Open GI Account ManagerEmail Lares