Question 1

What is portfolio landlord insurance?

Accepted Answer

Portfolio landlord insurance is a single policy designed for landlords who own more than one property. It covers buildings, contents, liability, and loss of rent across your entire collection of assets, regardless of whether they are residential or commercial.

Question 2

Why do I need portfolio landlord insurance?

Accepted Answer

It simplifies your administration by providing one renewal date and one set of documents. It also often proves more cost-effective than taking out individual policies, as many insurers offer discounts for multiple properties.

Question 3

Does this cover commercial properties?

Accepted Answer

Yes. Our portfolio policies can include commercial units, retail spaces, offices, and mixed-use buildings alongside residential properties.

Question 4

How many properties do I need for a portfolio policy?

Accepted Answer

A portfolio policy can be arranged for any landlord with more than one property. There is no requirement for the properties to be mortgaged or specifically designated as buy-to-lets.

Question 5

Can I add or remove properties mid-term?

Accepted Answer

Absolutely. These policies are designed to be flexible. You can add, remove, or alter your coverage elements as you buy or sell assets, with premiums adjusted on a pro-rata basis.

Question 6

Does it cover HMOs?

Accepted Answer

Yes, Houses in Multiple Occupation (HMOs) can be included. We will ensure the cover is optimised for the specific risks associated with multi-tenant buildings.

Question 7

What is the difference between this and standard landlord insurance?

Accepted Answer

Standard insurance is usually property-specific. Portfolio insurance is a holistic solution for your entire business, offering streamlined management and a unified level of protection across all locations.

Question 8

How much does it cost?

Accepted Answer

The cost depends on the value, location, and type of properties (residential vs. commercial), as well as your claims history. However, bundling properties usually results in a lower per-property premium.

Question 9

Do the properties need to be mortgaged?

Accepted Answer

No. Whether your properties are owned outright or mortgaged, they can be covered under a specialised portfolio policy.

Question 10

How quickly can cover be arranged?

Accepted Answer

Once we have the details of your properties, we can typically provide a quote within 24-48 hours. Cover can often be activated within a few working days.

Portfolio Landlord Insurance

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