You’ll be pleased to learn that the answer is a resounding “yes” – we offer discounts if you have multiple properties insured with us. Thanks to what is called multiple property insurance cover or property portfolio insurance, the more properties you own, the cheaper your landlord insurance becomes.
Discounts and advantages
We understand that anything that helps reduce the operating expenses of your buy to let business is going to be welcome – especially these days when it might be more of a challenge to maintain a financially healthy bottom line.
But it’s not only the discount on the price of your premiums that is likely to make your life as a landlord that much easier. it’s also important to take into account the administrative overhead reductions that you might achieve through having a single policy as opposed to one for each property you own.
If you have a single portfolio insurance policy for all the let property you own, your one policy comes with just a single renewal date, one renewal premium and only one relationship with an insurance provider to manage. Also, along with one policy date etc., if everything is under one policy, there is only one administration fee (thereby saving you money).
This can be a huge time saving over situations where you are trying to do exactly the opposite and are, for example, trying to control multiple policies through multiple providers.
No longer will you be juggling disparate policies, each with a separate renewal date, that you have to monitor and manage carefully so that none of your let properties is exposed to the risks of lapsed insurance cover.
You can rest assured that every property remains safely protected – so that you are free to get on with the real business of running a profitable buy to let business.
The versatility of multiple property or property portfolio insurance
Whatever properties make up your portfolio, we are almost certain to have a policy tailor-made to suit your needs and requirements. Cover is available for a wide range of different property types, in various locations and for different types of tenant.
By way of illustration, for example, we are happy to cover all types of tenants – even though there are still some insurers issuing policies that exclude certain classes of tenant, such as those on housing or other welfare benefits, students, the unemployed, asylum seekers, and the like.
By its very nature, portfolio insurance always requires a more bespoke approach. We have no way of knowing, for instance, how many properties might be in your portfolio, the types and values of those properties, or their location in any particular part of the country.
So, rather than speculate further here, we invite you to contact us for a discussion of your requirements as soon as possible. You’ll see that we can typically put some (what we believe are) cost-effective and appropriate multiple property propositions on the table for you in a very short space of time!
