How landlord portfolio insurance can benefit you

Portfolio insurance is a product offered by some specialist landlord insurance providers, where you have multiple properties on one policy.

It’s not to be confused with the ‘portfolio landlord’ classification for buy-to-let mortgage lending, which applies to landlords with four or more properties. From an insurance perspective, you can benefit from a portfolio policy even if you have just two or three properties.

The Landlord Property Owners Insurance we offer in association with five-star Defaqto-rated provider Uinsure can accommodate up to 15 properties on a single policy. This means:

• Only one set of paperwork to file, instead of multiple policy documents
• Easier to track and administer, with the same insurance renewal date for all your properties
• Multi-property discounts bring down the average cost per property, helping boost your profits

And even though there’s just one single policy, that can include a range of property and tenancy types. We know that portfolio landlords often have both residential and commercial investments, and house different categories of tenant, so we will help ensure the right level of cover is in place for each individual property – all under the same umbrella.

According to the latest English Private Landlord Survey, 55% of landlords have two or more properties, representing almost 80% of tenancies in the country. And nearly half of all tenancies are with the 17% of landlords who own five or more properties. In addition, 7% of those surveyed said they intend to expand their portfolio in the next couple of years. So it’s the vast majority of rental properties that can be covered and well over half of all landlords that can benefit from having a specialist portfolio insurance policy.

When the Renters’ Rights Bill (RRB) is passed, which we expect to happen around spring this year, it’s going to mean huge changes for all landlords. From new types of tenancy agreement to greater rights for tenants and higher minimum standards for rental accommodation, there’s a lot for landlords to do – especially for those with multiple properties. (See our recent article on 7 key things in the Bill to consider).

So if you have more than one rental property and aren’t currently insured under a portfolio policy, it’s well worth considering now, as it will be one less thing for you to do once the RRB becomes law.

As well as buildings insurance, our comprehensive portfolio landlord cover includes:

• Property contents
• Public liability
• Loss of rent or the cost of finding alternative accommodation if the property becomes uninhabitable following an insured event
• Legal expenses

If you are a current landlord with any of the agencies in Leaders Romans Group, an insurance quote is ready and waiting for you in your online landlord account. No fuss or forms to fill out!

To discuss your requirements and get a quote for insurance that will properly protect you and your investment properties, get in touch with our experts today by calling 01903 890044, emailing info@bodeinsurancesolutions.co.uk or getting a quote online.

Bode Insurance Solutions Limited is registered in England (Company no 03101637) Registered Address: Crowthorne House, Nine Mile Ride, Wokingham, Berkshire RG40 3GZ.
Bode Insurance Solutions Limited is authorised and regulated by the Financial Conduct Authority (FCA) under firm reference 313541.
You may check this on the Financial Services Register by visiting the FCA’s website https://register.fca.org.uk or by contacting the FCA on 0800 111 6768