Student accommodation produces revenue from either direct let or nomination arrangements and has key occupancy dates as a result of the academic year, resulting in a non-standard real estate placement. We make sure the insurer appreciates the nuances of this.

We represent key student accommodation owners and operators within excess of 40,000 beds. Our broad policy wording covers not only the basic insurance needs of a student housing landlord, but also includes valuable extensions that non-specialist brokers and ‘off the shelf’ policies may overlook. Twelve major insurers underwrite the policy.

Our services

Our services include:

Material damage to student housing stock and associated property
Loss of revenue, alternative accommodation costs and revenue protection with the key academic trigger dates understood, employers', public and property owners' liability
Excess liability arrangements
Engineering insurance and inspections
Environmental impairment liability
Latent defects
Legal indemnities including defective titles, restrictive covenants, chancel repair, rights of light and judicial review
Professional indemnity, directors' and officers' liability, financial risks including reps and warranties and tax indemnity
Contents on site and for which the insured is responsible (including laundry services and vending machines)
Loss of rental income protection for retail elements (e.g. shop or cafe)
Damage and theft cover for chip and pin and payment collection devices on site or in management offices
Money cover for cash held on premises
Loss of third party data held within operating systems
Computer damage and theft protection including reinstatement of data cover
Bespoke ‘project’ contract works insurance for new developments and life cycle maintenance works.

Our team

The Lockton Global Real Estate broking team has extensive experience which enables for a better understanding of a clients needs, exposures and insight in to the most advantageous market for their requirements both in the UK and abroad.