Multi-Property Landlord Insurance

Multi-House Landlord Insurance provides specialist cover to landlords who own and let out more than one property, which could be residential or commercial. By having just one policy that incorporates all of a landlord’s property, Rental Property Portfolio Insurance simplifies the management of property insurance, which can become unwieldy as a portfolio grows. It means there is just one renewal date and that landlords can simply add and remove properties whenever they need to. Insuring multiple properties under one policy is also more cost-effective than buying Landlord Insurance for each individual property. The larger the property portfolio, the bigger the potential savings.

Property Portfolio Insurance includes specialised Landlords Buildings and Contents Insurance to provide financial protection if your properties’ structures or landlord-owned contents are damaged. Multi-Property Landlord Insurance can also include the following:

• Cover for both commercial properties and residential homes, with or without tenants.
• Loss of Rental Income cover, which will provide financial protection if one or more of your buy-to-let property becomes uninhabitable.
• Alternative Accommodation cover, which will cover the costs if your tenants need to be housed elsewhere due to damage to one of your properties.
• Landlord Public Liability Insurance, which protects you if a third party injures themselves in one of your properties. For example, if your tenant falls down the  stairs due to a loose carpet or a tradesperson hurts themselves while carrying out work, they could make a claim against you. This insurance will help you to cover legal costs, damages and attendance at court.

If you own and rent out more than one residential or commercial property, it could be easier and more cost-effective to insure all of your properties under one Rental Property Portfolio Insurance policy. This is because organising and managing separate insurance policies for each of your properties can become more time-consuming and difficult as your property portfolio grows. Having one Multi-Property Landlord Insurance policy means you have just one renewal date and you can simply add or subtract properties from it when you need to. Organising just one policy can also save you money. To find out more, speak to our experienced Property Portfolio Insurance team today.