Given the current Covid-19 Pandemic we have decided to partner with ARAG for legal expenses. The cover as detailed below will be included on all unoccupied commercial, undergoing work, and our Acturis e-trade platform . The cover will also be available on an optional basis for residential property owners and short term unoccupied risks to be let or sold.
The advantage of this excellent cover - One premium for any risk, any type of occupancy, any number of risks on any multi premises, no AP for risks added midterm.
Further policy benefits below.
Property damage, nuisance and trespass or damage to property by another party could put a substantial strain on your client’s resources. We will pay for the legal costs of pursuing your client’s rights if a property or its contents are damaged or affected by nuisance or trespass claiming compensation if necessary.
This policy is administered by ARAG plc and underwritten by AmTrust.
Alongside the core legal expenses insurance, Property Owners‘ Legal Solutions provides a range of services and benefits for you and your client. Access is available 24/7, 365 days a year for the following:
Property Owners’ Legal Solutions* responds to a generous range of legal disputes that can arise from your clients’ day-to-day business activities:
*Exclusions, limitations and excesses apply; please refer to the Property Owners’ Policy Wording for full details.
As the insured had complied with the policy terms, we agreed to pay the rent arrears that had been incurred while repossession was being sought together with 75% of the rent for a further two months following repossession.
Following the insured’s decision to move back into his house in the UK after working abroad for a number of years, the tenant currently residing in the house refused to vacate the property within the statutory notice period given by the insured. Following discussions with the ARAG Legal Advice line, the insured submitted a formal claim. ARAG covered the claim and appointed a specialist solicitor with expertise in repossession claims. Following negotiations with the tenant, they were able to get him to vacate the property in time for the insured’s return to the UK. ARAG settled the solicitor’s costs of £2,750.
The insured owned an industrial unit which he rented out to a car valeting company. The insured contacted ARAG after the tenant failed to pay any rent for three months and then vacated the property. Despite the insured asking for payment from the former tenant, he was unable to get any positive responses. ARAG agreed to cover the claim and passed the matter to a panel solicitor. They
negotiated a payment plan with the tenant and the money was subsequently recovered. ARAG settled the solicitor’s costs of £1,200.