Multi Property Landlord Insurance

If one of your properties were to become uninhabitable due to fire, flood, or another insured peril, it could take time to complete the repairs. During this time the rent your receive from your tenant(s) could also cease, leaving you out of pocket. You can include loss of rent cover for these circumstances, with a tailored recovery period of up to three years from the date of loss. Your multi property landlord insurance policy can also include the cover option for the costs of alternative accommodation for your tenants whilst the property is uninhabitable following an insured damage claim.

If you have a portfolio of properties, you may need to directly employ staff to help you with building maintenance. If that’s the case we have access to multi property insurance policies, that can include the employers’ liability cover that you require by law. Importantly you should also include property owners’ liability insurance, as this will protect you for allegations of negligence claims for accidental bodily injury to members of the public or damage to their property, whilst on your premises.

No matter who you purchase your multi property landlord insurance from, your provider will ask for the cost of rebuilding your property - the building sum insured. This is different from the building’s market value, and specifically refers to the overall costs needed to reconstruct and restore your property should it become completely destroyed. It’s important that you get this cost right. It must be adequate as in the event of underinsurance, will impact how much you will receive from your insurer in the event of a claim. Remember to add VAT costs if you’re not VAT registered.

Should a property claim occur, we understand that being able to fix a problem quickly may save you time, money and enable you to keep your tenants happy. This cover is very valuable for larger property damage claims over £5,000 (not resulting from subsidence or liability claims), as the service will provide you with a dedicated loss adjuster. The service is provided within 24 hours to advise and assist you in organising alternative accommodation, assessing your loss and options. During the rebuild process the assessors will engage with specialist assistance as required including builders and surveyors, as required. Please advise us if you would like us to arrange this cover alongside your multi property landlord insurance policy.