Property Owners Insurance
Property Owners Insurance is designed to protect landlords and property investors against damage, financial loss, and legal liability. Whether you own commercial, residential, or mixed-use properties, this cover safeguards both the physical building and your legal responsibilities as a property owner.
From structural damage to tenant-related risks and third-party claims, Property Owners Insurance provides essential protection for your investment.
What does Commercial Combined Insurance cover?
Property Owners insurance provides comprehensive protection for both the building and the financial risks associated with renting or owning property.
Buildings insurance – Cover for the structure of the property against risks such as fire, flood, storm damage, escape of water, subsidence, and accidental damage.
Loss of rent – Protection for lost rental income if the property becomes uninhabitable following insured damage. This can also include the cost of alternative accommodation for residential tenants where required.
Property owners’ liability – Protection against claims made by third parties for injury or property damage arising from the ownership of the premises – for example, a visitor injured due to a defect in the building.
Malicious damage and theft – Cover for damage or theft caused by tenants or third parties, subject to policy terms
Who needs Property Owners Insurance?
Property Owners Insurance is suitable for:
• Commercial landlords
• Residential landlords
• Owners of unoccupied or partially occupied properties
• Investors with single properties or multi-property portfolios
• Property management companies acting on behalf of owners
If you generate rental income or retain responsibility for a property’s structure and common areas, appropriate insurance is essential.
Optional covers to consider
Depending on the property type and risk profile, additional covers may be appropriate:
• Terrorism insurance
• Legal expenses cover
• Engineering inspection and boiler cover
• Environmental or asbestos-related liability
A tailored approach ensures your policy reflects the specific exposures of your property or portfolio.
How Property Owners Insurance works
Understanding how your policy is structured is crucial to avoiding gaps in cover.
Reinstatement value vs market value – Buildings should be insured based on reinstatement value, the cost to rebuild the property, not its market value.
Importance of accurate valuations – Underinsurance can significantly reduce claim settlements. Regular property valuations help ensure sums insured remain accurate.
Single property vs portfolio policies – Owners with multiple properties may benefit from a portfolio policy, offering simplified administration and consistent cover across assets.
Frequently Asked Questions
Any business that operates from a physical location, employs staff, or provides goods and services can benefit from this insurance.
Yes, policies can be tailored to include specific covers relevant to your industry and operational risks.
Contact Genesis immediately with details of the incident, and our claims team will guide you through the process, ensuring a smooth and swift resolution.
Why work with an independent broker?
Property ownership risks can vary significantly depending on occupancy, property type, tenant profile, and location. Working with a specialist broker ensures your cover is aligned with your exposure.
You benefit from:
• Tailored cover for complex or non-standard properties
• Access to specialist insurers and broader policy wordings
• Guidance to prevent underinsurance and valuation inaccuracies
• Dedicated claims support and risk management advice
We work closely with property owners to understand their portfolio and structure policies that provide clarity, confidence, and comprehensive protection.
Whether you own a single investment property or manage a diverse portfolio, ensuring your cover is accurate and up to date is essential.
Speak to our team today to ensure your property investments are properly protected.