Multi Property Landlord Insurance

Protect commercial and residential properties with tailored multi property landlord insurance, including loss of rent cover if one of your properties becomes uninhabitable due to an insured peril such as fire, storm or flood. Add properties to your portfolio at any time, choose to include liability insurance and amend your rebuild costs.

0344 892 1664

Mon-Thu 8:30am-5.30pm, Fri 8:30am-5pm

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About Multi Property Landlord Insurance

House

Add properties at any time

Add properties at any time and still keep one renewal date for your whole portfolio.

Shield

Towergate Assist for landlords

Optional cover from Towergate Assist for property claims over £5,000.

Chat

Loss of rent cover

Ask our advisers about extended loss of rent cover.

Direct Debit

Pay by Direct Debit

You can choose to split your payment into 10 monthly instalments. Please read our dedicated page on Direct Debit.

Features of Multi Property Landlord Insurance

Standard cover

Multi property landlord loss of rent

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.

Property Owner's Employers liability insurance

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.

Rebuild costs for multi property landlords

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.

Towergate Assistance Loss Recovery

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.

Multi Property Landlord Insurance FAQs

Question

Is terrorism insurance included?

Answer

This cover is optional and available for commercial and residential buildings alike. It protects your property should the building and/or its contents suffer direct damage through an act of terrorism. If you have added terrorism cover to your property portfolio landlord insurance, then this will also extend to the loss of rent section.

Question

How is the rebuilding value calculated?

Answer

The rebuilding value should include provision for the costs of: demolition and removal of debris, rebuilding materials and labour costs, as well as architects, surveyors and legal fees. As a property owner, you also need to take into account your VAT status. If you are not registered for VAT, then you should include VAT in your sums insured.

Question

What is a standard indemnity period on loss of rent cover?

Answer

The indemnity period is the length of time it will take for your property to be fully reinstated and habitable, starting from the date the loss occurred. Many multi property landlord insurance policies will cover loss of rent for a minimum period of 12 months after the loss. It is important that you fully assess the length of time it will take to fully rebuild your property ready for re-occupation. There are many factors to consider such as the property age, type of construction, if it is a listed building or not, its location and whether it has any special design features. Plus of course you should building a safety net for unforeseen factors and delays that can occur.  

Towergate commercial and residential clients can benefit from indemnity periods of up to 36 months, but other periods can be considered upon request.

You may wish to seek guidance from your legal adviser as many leases do contain Insurance Clauses and specify the period for which loss of rent insurance cover should be arranged as a minimum.

Question

How can I save on insuring my property portfolio?

Answer

The more properties you put on one policy, the better value for money you get for insuring each one of them. Towergate enables you to cover different property types (commercial, residential or mix) under one policy in the majority of situations.

Speak with one of our advisers if you have any questions about placing a mixed portfolio of properties under one policy.

Question

Can I pay in instalments?

Answer

To help you manage the cost of your multi property landlord insurance premiums, we offer a quick and easy direct debit scheme for spreading payment over ten months. Please visit our dedicated Direct Debit page to find out more.

How do I make a claim?

When you need to make a claim, we’ll guide you through the process and get your claim settled as quickly as possible.

1.

Find your insurance documents

and make sure you have all your information at hand, including your policy number

2.

Call the claims team

on 0344 892 1384 and explain exactly what happened

3.

Provide photos if requested

to help us understand what happened as quickly as we can

Relaxed Person Making Claim