Modus? Who are they? Independently owned MGA Established in early - - PowerPoint PPT Presentation

Modus? Who are they?

Independently owned MGA Established in early 2015 CFC Underwriting Ltd Approved Lloyd’s Coverholder 2016 BIA Shortlisted

Our M.O.

Focussed on Landlord’s & Home Digitally traded products Partner with specialist e‐trade distributors Automated underwriting to deliver competitive offering Wide footprint

Capacity

Capacity is provided by Lloyd’s Lead insurer: RenaissanceRe Syndicate Management Limited (syndicate no. 1458) A‐rated global re‐insurer founded in 1993 Total resources of £63 billion to pay valid claim

Target Customers

Accidental/Part‐time Landlords Single Property Buildings up to £1,000,000 Contents up to £100,000 POL up to £5,000,000 UK (excluding N.Ireland)

Wide Acceptance

Construction Type of Property Tenant Type Unoccupied Year Built Listed Previous Claims

Target Tenant Types

Private Rental Long Leasehold Holiday Lets DSS Referrals Students Asylum Seekers Unoccupied Council Support Care Support Local Authority

Unoccupied

Modus can cover properties that are unoccupied and up for sale providing that the;

• Property is in a good state of repair
• Property is inspected every 7 days
• Property is either heated or water tanks drained

Please ensure the statement of fact is correct Pro Rata Cancellation

Modus Landlord’s Insurance

Core Covers;

• Buildings up to £1,000,000
• Loss of Rent or Alternative Accommodation – up to 20% of BSI (24

months) – including within the Buildings section

• Landlords Contents – no charge for first £5,000 cover
• Rent Receivable cover available
• Property Owners Liability – no charge for £2m limit

Cover Extensions;

• Trace and Access ‐ £25,000
• Replacement Locks and Keys ‐ £2,500
• Unauthorised use of electricity, gas or water ‐ £10,000
• Fly tipping ‐ £5,000
• Removal of nests ‐ £1,000
• Contents in outbuildings ‐ £2,500 limit for Contents not attached

to the main building

Additional Cover;

• Malicious Damage or Theft by the Tenant included up to £10,000

for Professional/Retired let

Claims

Davies Managed Systems (DMS) Dedicated UK based team Agreed SLAs 2015 Loss Adjusters of Year 2016 BIA Shortlist

Powerplace Declaration

The Powerplace opening declaration precludes us from writing risks that include; Bankruptcy, Convictions, Insurance cancellations, Premises with previous Subsidence. We regret that we cannot write these risks if referred through to Modus

Modus Landlord’s Summary

Wide acceptance on;

• Unoccupancy
• Construction
• Grade 2 listed properties
• Flat Roof
• Holiday Lets
• Tenant Type
• Policy holders with previous claims

Extensive claims acceptance

• Past 3 years maximum 4 Claims
• Past 3 years maximum claims cost

£50,000

Target Customers

• Single Location
• Buildings up to £1,000,000
• Contents up to £100,000
• Property Owners Liability up to £5M

Legal helpline

• 24 hour advisory service for telephone

advise on any legal problem or concern to you in connection with the insured premises

Domestic Helpline

• 24 hour advisory helpline following an

emergency in your premises for which a tradesman’s assistance is required

What We Want…

Single Property Residential Landlords Any Tenant Type Occupied and Unoccupied