Superior Lease

Key Features and Benefits

If the landlord of any superior lease exercises, or attempts to exercise, a legal right to re-enter the property or to enforce any of the terms of the superior lease, the policy provides cover for the following, up to your selected limit of indemnity (not exceeding £2.5 million*):

• all sums expended with our consent in prosecuting or defending any action
• the amount of any costs, expenses, damages or compensation awarded against you by a court for relief against forfeiture or to obtain a vesting order or for a breach of the terms or conditions of the superior lease
• the reduction in the value of the your interest in the property, if the lease is terminated
• costs and expenses with our consent.

The policy does not cover loss arising from a breach of your underlease other than non-payment of rent where your landlord is missing.

The policy automatically covers subsequent underlessees of the property and mortgage lenders, and remains in force from the day you issue it without any time limit. 

This ‘At a Glance’ description of cover does not set out the full terms and conditions of cover or the exceptions and limitations which apply to the policy, all of which can be found in the policy document. Please also refer to the Key Facts policy summary.

* For additional cover and higher limits of indemnity, see Bespoke Policies.