Residential Landlords
Available under three ARO brands:
Underwritten by Allied World, this is Aro’s original residential landlord product.
Underwritten by Allied World, this is an alternative residential landlord product with a higher excess and differential pricing.
Underwritten by Ergo, Aro Ten is the 3rd residential product which expands the footprint to include mixed residential/commercial, HMO and more preferential terms on areas not covered under the other two brands.
For risks:
- Which are either purpose built blocks or conversions
- Which are comprised of up to 10 flats
- Which are 5 stories
- Which are managed by Residents Associations, Residents Management Companies, RTM Companies and Freeholders
- Up to 30 properties per portfolio
ARO Key Benefits
- We offer Buildings only, Contents only or Building and Contents combined.
- Backed by ‘A’ rated capacity
- Competitive Unoccupied rates
- Student tenants accepted
- DSS tenants accepted (Where the tenancy agreement is direct between the tenant and the landlord)
- HMO (up to 5 individual tenants) allowed (SINGLE RESIDENTIAL ONLY)
- Listed Buildings accepted (Grade 2)
- Up to 50% Flat roof allowable without referral
- Market-tested Products with over 100,000 policyholder
What is Covered
- Buildings Sum Insured: £2,000,000
- Contents Sum Insured: £50,000
- Loss of Rent: 30% Sum Insured, 24 months
- POL: £2,000,000 or optional £5,000,000
Minimum Premiums
- Buildings Only £100 +IPT + £25 fee
- Contents Only £50 +IPT + £25 fee
- Buildings & Contents £120 +IPT + £25 fee
- Cover for Temporarily unoccupied property (full cover up to 60 days on mid-term unoccupancy)
- Malicious Damage by Tenants is included as standard for Buildings and Contents (£2 500 each section)
- Temporary Accommodation/Loss of rent up to 30% of Sum Insured, as standard, with 24 months indemnity period
Optional Cover
- Optional Accidental Damage cover
- Optional Legal Expense cover
Standard Policy Excess
- Standard excess £100 other than escape of water: £250
- Flood £250 (Dependent upon Postcode)
- Subsidence excess £1,000 (Dependent upon Postcode)
Willow Key Benefits
- We offer Buildings only, Contents only or Building and Contents combined.
- Backed by ‘A’ rated capacity
- Market-tested Products
- Competitive Unoccupied rates
- Student tenants accepted
- HMO (up to 5 individual tenants) allowed (SINGLE RESIDENTIAL ONLY)
- Listed Buildings accepted (Grade 2)
- More favourable rates for properties Unoccupied at inception
- Up to 50% Flat roof allowable without referral
What is Covered
- Buildings Sum Insured: £2,000,000
- Contents Sum Insured: £50,000
- Loss of Rent: 30% Sum Insured, 24 months
- POL: £5,000,000 standard
Minimum Premiums
- Buildings Only £100 +IPT + £25 fee
- Contents Only £50 +IPT + £25 fee
- Buildings & Contents £120 +IPT + £25 fee
- Cover for Temporarily unoccupied property (full cover up to 60 days on mid-term unoccupancy)
- Malicious Damage by Tenants is included as standard for Buildings and Contents (£2 500 each section)
- Temporary Accommodation/Loss of rent up to 30% of Sum Insured, as standard, with 24 months indemnity period
- Standard POL limit : £5,000,000
Optional Cover
- Optional Accidental Damage cover
Standard Policy Excess
- Standard £250
- Escape of Water £250
- Flood £250 (Dependent upon Postcode)
- Subsidence £1,000 (Dependent upon Postcode)
Aro Ten Key Benefits
- We offer Buildings only, Contents only or Building and Contents combined
- Standard Accidental Damage Cover on Buildings (Dependant on tenant type) (Optional on Contents)
- Backed by ‘A’ rated capacity
- Competitive Unoccupied rates
- Student tenants accepted
- DSS tenants accepted (where the tenancy agreement is direct between the tenant and the landlord)
- HMO (up to 10 individual tenants) allowed
- Bedsits acceptable
- Listed Buildings accepted (Grade 2 and Grade B/B+ in Scotland/NI)
- Up to 75% Flat roof allowable without referral
- Up to 10 self-contained flats
What is Covered
- Buildings Sum Insured: £1,000,000 (up to £3,000,000 on referral)
- Contents Sum Insured: £40,000
- Loss of Rent: 20% Sum Insured, 12 month Indemnity Period
- POL: £2,000,000 or optional £5,000,000
Minimum Premiums
- Buildings Only & Buildings & Contents £100 + IPT + £20 fee
- Contents Only £75 + IPT + £17.50 fee
- Cover for Temporarily unoccupied property (full cover up to 90 days on mid-term unoccupancy)
Standard Policy Excess
- Standard £100
- Escape of Water £250
- Subsidence £1,000 (Dependent upon Postcode)
- Flood £250 (Dependent upon Postcode)
