This covers legal liability for accidental bodily injury including death or disease, and accidental damage to material property not belonging to you.

• Loss of rent receivable if your buildings cannot be lived in or access to them is denied as a result of an insured event.
• Ground rent 
• Professional accountant charges
• Automatic rent review an increase to reflect the revised rent receivable amount.
• How long can I claim for lost rental? When setting up your policy you can choose to be covered for 12, 18, 24 or 36 months loss of rental income. 
• How much loss of rental can I be covered for? When setting up your policy you can decide how much cover you need. The default is 20% of the buildings sum insured but you can change this as required. Please remember that the monthly maximum cover is the sum insured that you have selected, divided by the number of months cover you have selected. For example, a sum insured of £12,000 over 12 months would allow you to claim for up to £1,000 per month for 12 months. The same sum insured over 36 months would only allow you to claim up to £333.33 for up to 36 months.

You should be offered a choice of indemnity period, during which rental income will be paid at the previously agreed amount. These payments are typically made over 12, 18, 24 or 36 month periods e.g. £10,000 annual rent would be paid at a rate of £833.00 per month over a 12 month period or £417.00 per month over a 24 month period.

This is purely down to personal choice.

Accidental Damage is included as standard on the buildings section of the Policy Powerhouse let property policy. It is optional cover on the contents section of the policy. Your policy schedule will confirm if this cover is included.

Contents should always be covered on a new for old basis. You should insure the contents for the amount it would cost if you were replacing them at today’s prices.

The Policy Powerhouse holiday let insurance automatically offers £10,000 of cover free of charge. You may select any amount up-to £100,000. Typically, the average value of possessions in a holiday let property is approximately £20,000.

The rebuild sum insured should represent how much it would cost to rebuild your holiday let (including any outbuildings) as they currently stand from scratch. 

Policy Powerhouse has taken away the worry of getting this amount right for the policyholder.

We use data from a variety of sources to estimate the rebuild cost of the property.

Rebuild costs don’t include the cost of land, so in most cases it will be less than the property’s market value.

Make sure the rebuild sum insured is enough to cover the cost of rebuilding your holiday let including outbuildings, swimming pools, hot tubs etc. The costs for debris removal and professional architect and engineers fees should also be included.

You may alter the rebuild sum insured up to £1,000,000. Failure to insure for the full reinstatement value could result in the claims settlement being reduced.

Policy Powerhouse Limited is an Appointed Representative of Innovative Risk Labs Ltd, under Firm Reference Number 946345. Innovative Risk Labs Ltd is authorised and regulated by the Financial Conduct Authority, under FRN 609155. You can check this by visiting Financial Services Register or by contacting the FCA on 0800 111 6768.

This policy is arranged and administered by Modus, a trading style of Acrisure UK MGA Limited on behalf of ERGO UK Specialty Ltd on behalf of Great Lakes Insurance UK Limited.

Great Lakes Insurance UK Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

ERGO UK Specialty and Great Lakes Insurance UK Limited are part of the Munich Re Group, one of the leading reinsurers and risk carriers worldwide.

Policy Powerhouse may also use other appropriately authorised insurers in certain circumstances whose full details will be made available at time of quotation and policy issue.

A copy of the Policy Wording, IPID, Statement of Fact and Schedule are available under the ‘My Policy Documents’ section of the Policy Powerhouse portal.

A quotation is valid for 30 days from the date of issue.