Multi-Property Landlord Insurance

• Buildings insurance
• Contents insurance
• Landlord liability coverage
• Employer’s insurance
• Alternative accommodation
• Loss of rent
• Legal costs
• Accidental and malicious damage
• Unoccupied property cover

• Home emergency cover
• Glass replacement
• Pet damage
• Rental income protection
• Cover for high-risk tenants like HMO or students

Multi house insurance reduces the hassle of managing multiple insurance policies. It saves time on policy management, renewals, and claims.

Insurers often give discounts when you insure multiple properties, so it may cost less per house than taking out separate rental property insurance for each property.

This type of policy typically offers flexibility for a changing portfolio. You can always adjust your cover to keep up with your current needs.

Multi-property policies can be tailored to protect your properties and tenant types, as well as their uses. You’ll also have the option to take out additional cover like rent guarantee or home emergency cover.

You’ll need to specify whether you’re an individual landlord, part of a partnership, or operating as a limited company. Be prepared to provide your name and contact details as part of the application process. Your years of experience as a landlord and claims history will also typically be relevant.

For each property you want to insure, you’ll need the address, property type, and construction details. This includes the year it was built, materials used, and the number of bedrooms and bathrooms.

You’ll need the rebuild value for each property. This is different from the market value. The market value is the price your property would likely sell for on the open market, while the rebuild value is the cost of rebuilding the property from scratch. You can get more information about this from your mortgage valuation.

List the security features of each property. This includes locks, CCTVs, and alarms.

Insurers need to know whether the properties are currently let, unoccupied, or under renovation.

You’ll need to provide accurate details about tenant profiles and letting agreements. This is important for risk assessments. Specify whether your tenants are professionals, students, DSS, families, or commercial tenants. Let types could include single lets, HMOs, student lets, short-term or holiday lets.

Comprehensive coverage typically covers all the main areas of risk, but it’s possible to take out basic coverage to save costs. You can also add optional protection for specific risks. Your premiums will be adjusted accordingly.

Typically, insurers want to know about the claims you’ve made in the last 3-5 years. You’ll need to provide the dates, type of claims, and the amounts paid out.