Are you a landlord with a growing property portfolio? As your portfolio grows, so too does the amount of paperwork and effort required to manage multiple Landlord Insurance policies for each property.
This is where Landlord Portfolio Insurance (also known as “portfolio landlord insurance”, “property portfolio landlord insurance”, or “multi-property landlord insurance”) comes in.
This insurance solution gives you all the benefits associated with Landlord Insurance except under one policy. This can streamline your admin burden and potentially reduce your costs, thanks to multi-property discounts.
How common is multiple property ownership?
According to the Government’s most recent English Private Landlord Survey (EPLS), an online survey of over 9,000 landlords, the majority of UK tenancies were under the control of multi-property landlords.
Despite the fact that 43% of landlords surveyed owned one property, that accounted for just 20% of tenancies. Almost half of all tenancies (48%) were owned by the 18% of landlords with five or more properties.
Meanwhile, the remaining 31% of tenancies were controlled by the 39% of landlords with a portfolio of 2-4 rental properties.
Mortgage lenders define a “portfolio landlord” as someone with four or more Buy-to-Let properties. According to a poll of 400 portfolio landlords conducted by Paragon Bank, 37% planned to expand their portfolios in 2024.
What is Landlord Portfolio Insurance?
Landlord Portfolio Insurance is designed to cover all your rental properties under a single overarching policy.
Here at UKinsuranceNET, we can arrange Landlord Portfolio Insurance that provides exactly the same level of protection you would expect of a typical Landlord Insurance policy, including:
- Buildings Insurance – Protects your buildings from serious incidents, like flooding, fire and theft.
- Contents Insurance – Protects contents belonging to you that have been supplied with let properties.
- Landlord Liability Insurance – Protects from third-party claims of losses or injuries at your properties.
- Loss of Rent Cover – Covers lost rental income where an incident leaves any properties uninhabitable.
Benefits of Landlord Portfolio Insurance
There are numerous advantages to choosing Landlord Portfolio Insurance. Here are the standout benefits:
1. Streamlined management
Rather than juggling multiple Landlord Insurance policies, Landlord Portfolio Insurance brings everything under one policy. This can drastically simplify your life as a landlord, saving you time and effort on administrative tasks.
2. One renewal date
A major benefit of that streamlined management process is that you no longer have to navigate various different renewal dates. With Landlord Portfolio Insurance, you have the convenience of just one renewal date to manage.
3. Cost-effective
A single policy can be more affordable than purchasing individual policies for each property, with multi-property discounts available. This can lead to significant savings, especially for landlords with a growing portfolio.
Who should consider Landlord Portfolio Insurance?
This type of insurance is ideal for landlords with a growing property portfolio who want to simplify their insurance.
It is also useful for experienced landlords with a mixed portfolio of residential, commercial and Houses in Multiple Occupation (HMOs) who require comprehensive and convenient protection under one policy.
Gain peace of mind for your portfolio
“Landlord Portfolio Insurance from UKinsuranceNET simplifies property management,” said Joe O’Rourke, Insurance Sales Manager at UKinsuranceNET.
“We can arrange policies that deliver comprehensive protection for your investment, as part of a simple, streamlined and cost-effective solution.
“Our advice to multi-property and portfolio landlords is: don’t waste time and effort managing multiple policies. Get a quote today and experience the benefits of a more convenient way to manage your growing portfolio,” Joe added.
Getting a quote for Landlord Portfolio Insurance is quick and convenient with UKinsuranceNET. We can help you to find the right policy for you and your property, with a wide range of options from leading insurers.
Get an instant online quote or contact us directly on 01325 346328 to discuss your requirements with an adviser.
