New Landlords Insurance, Unoccupied property insurance and House Insurance policy to be launched.

The new policy is scheduled to be launched on 1st September 2012 and will cover virtually all classifications of residential property in the UK and Northern Ireland - both property let out, owner occupied or for tenants needing contents cover only. The property must be of standard construction but may have a flat, felt roof.

The competitive rates mean that £100,000 buildings cover can be obtained anywhere except in Central London from less than £65.00 - less than half the prices available elsewhere. (In London the premium would be £86.50)

A full range of tenants can also be covered - standard tenancies, subsidised lets, DSS lets, students, asylum seekers with accidental damage cover available. Premiums depend on the type of tenant.

The policy can also cover unoccupied property, whether waiting to be sold, awaiting a new tenant or just waiting for the owner to move in. Once the house is occupied the same policy can continue to be in force. Property that has suitable protections in place (5-lever locks, window locks and central heating drained or on at 13C continually and weekly inspections) may have the same cover as property occupied if desired. Property undergoing renovation can only have limited cover - but still wider than many insurers give for unoccupied property.

Insurance brokers can obtain access to these rates on application.