Multi-property Landlord Insurance
Competitive Landlord Multi-Property Insurance Backed By ‘Exceptional’ Service
Want to save money on your multi-property landlord insurance? Let the landlord insurance specialists at Coversure Hull compare our markets to find you the landlord multi-property insurance that’s right for you. Whether you have residential properties, commercial properties, or a mixture of the two, call us today on 0800 977 6037 and let our award-winning team help you get the protection you need.
Multi-property landlord insurance backed by ‘Exceptional’ service
Our award-winning team is rated as ‘Exceptional’ by feefo and with over 50 years of landlord insurance experience, you can rest assured you’re in safe hands. Being independent we can put your needs first, and we’ll compare the market to find you great cover for a great value premium. To find out more, call us free on 0800 977 6037 or start your multi-property landlord insurance quote today.
What is multi-property landlord insurance?
Multi-property landlord insurance, or landlord multi-property insurance as it’s also known, gives landlords and property investors who own multiple properties a range of protections for several properties on one policy. Like fleet insurance, it gives busy landlords a range of benefits, including:
- One policy to administer
- One policy to claim on
- The ability to add and remove properties as required
- A lower per-property insurance cost
- The ability to have landlord’s buildings and contents insurance on one policy
- Being able to combine residential and commercial property insurance on one policy
What types of properties can multi-property landlord insurance cover?
As it can cover commercial properties and residential properties it can protect all manner of rental properties, including:
- Flats
- Buy-to-let houses
- Holiday homes
- Shops
- Restaurants
- Salons
- Factories
- Warehouses
- Offices
These are just some of the properties we can cover on a landlord multi-property insurance policy. If you have a specific property in mind, please then please get in touch. You can call us free on 0800 977 6037 or start your landlord multi-property insurance quote today.
What can multi-property landlord insurance cover?
This is a flexible form of landlord insurance, and it can cover:
- Buildings insurance – this covers the cost of repairing or rebuilding your premises if they are accidentally damaged or destroyed. While landlords aren’t legally required to have buildings insurance, most mortgage providers will insist that you take out a policy before they give you the loan. If you own your business premises outright you should still consider buildings insurance to cover you against the cost of repairs or of rebuilding your property
Important note: When looking for a multi-property landlord insurance quote, make sure you give your broker the cost of rebuilding your property and not the market value. A worrying 40% of UK rental properties are currently underinsured according to a 2024 survey by risk management firm Rebuild Assessment, with the average shortfall being 68%. This could mean a shortfall of tens if not hundreds of thousands of pounds in the event of a claim. If you’d like some advice regarding property underinsurance, please call us on 0800 977 6037 and we’ll give you all the help you need to make sure your commercial property is properly insured - Contents insurance – as the name suggests this covers the contents of your premises including stock and equipment against loss, theft, or accidental damage. It doesn’t usually cover tenants’ contents, and they will usually take this out themselves. There are two types of commercial property contents insurance:
- New for old – which replaces contents with new like-for-like ones
- Indemnity contents policies – these factor in wear and tear, replacing your items at their current market value
- Landlords’ public liability insurance – of up to £10 million should someone be accidentally injured while on your property or have their property damaged by yours and they decide to sue for compensation
- Loss of rent – protects landlords and their income should tenants have to move out after an insured event such as a flood or fire. Loss of rent cover can protect your loss of income and the additional costs of arranging alternative business accommodation on your tenants' behalf
- Accidental damage – should something be accidentally broken you’ll be able to make a claim
- Malicious damage – should a tenant or a member of the public deliberately break or damage your property or its contents, you’ll be able to make a claim
- Legal expenses insurance – can provide protection to cover legal costs related to issues with your commercial rental property, including legal action and court proceedings. While it’s most associated with disputes with tenants over rent or evictions, it can also help with employment issues, contract disputes, tax investigations and health and safety prosecutions
- Contractors’ insurance – if you hire contractors to do repairs, maintenance or renovations on your property, then contractors insurance can protect you against things like damage to your property, sub-standard work or injuries
- Glass and sanitary ware - covers the cost of replacing accidentally damaged internal or external glass and sanitary ware
- Cables and underground pipe cover - for any costs incurred due to damage to pipes or cables – this includes essential utilities e.g., gas, electricity, and water
- Fixtures and fittings you’ve provided to your tenants
- Stock – assuming it is yours and not your tenant’s
- Keys and locks – should keys be lost or stolen; you can claim for the cost of having them replaced
- Theft by tenants
- Terrorism - cover for terrorism is supported by the Pool Re scheme, which provides government-backed funding to ensure that business owners are protected against losses from damage caused by acts of terrorism
How much does multi-property landlord insurance cost?
At Coversure Hull we don’t believe in one-size-fits-all solutions for our clients. Instead, we’ll get to know your needs and create a package of cover that fits your requirements. What we can say is that your multi-property landlord insurance quote will depend on things like:
- The postcodes of your properties
- How many properties you have
- The rebuild cost valuations
- If there are any contents – and if so, what they are and the value
- Whether they are at risk from flooding
- The type – residential, commercial or a mixture of the two
- The type of tenants you have
- Your claims history
If you’d like to know how much a landlord multi-property insurance policy will cost you, please get in touch. You can call us on 0800 977 6037 or start your multi-property landlord insurance quote today.
How to get cheaper landlord multi-property insurance
The easiest way to get cheaper landlord multi-property insurance is to use a specialist independent insurance broker such as Coversure Hull. With our knowledge of the market and insurer relationships, we can help you get cheaper landlord multi-property insurance. The other ways are to:
- Insure as many properties as you can on one policy
- Keep the buildings and surroundings well-maintained – avoiding things like roof leaks, tree branches falling on the property, and burst pipes will all help reduce the chances of a claim, something that will almost certainly push up premiums
- Be choosy about your tenants – having student tenants rather than professionals is likely to be seen as riskier by insurers
- Secure your properties
- Raise your excess, the amount you pay in the event of a claim
Are there any optional covers for multi-property landlord insurance?
Yes, there are quite a few that can prove helpful, and these include:
- Legal expenses insurance – which covers the cost of defending your legal rights and can include repossession, nuisance and eviction of squatters, and tax protection insurance cover
- Rent guarantee insurance – covers unpaid rent and legal fees to repossess the property if your tenants can't or won’t pay
- Employers' liability insurance – if you have any employees then this is a legal requirement and will protect you financially should an employee sue you over injuries or damage to property experienced at work
- Landlord’s emergency insurance - if there's an insured emergency at one of your properties, you’ll be able to get an emergency contractor in to sort the problem
- Accidental damage for buildings and/or contents
- Loss of rent - this covers lost income if your properties become uninhabitable following an insured event, such as a fire or a flood
- Theft by tenants insurance
- Malicious damage by tenants
Multi-property landlord insurance FAQ
Multi-property landlord insurance is a complex area of cover and it’s important to get it right. To help you get the protection that’s right for you, here are our landlord multi-property insurance frequently asked questions. We hope they will prove helpful, but if you’d like to get some independent advice, then please call us free on 0800 977 6037. Our team of insurance specialists will be happy to talk you through the options to ensure you get the protection that’s right for your property portfolio.
Q. How many properties can I insure on a landlord multi-property insurance policy?
A. We can arrange cover for up to 15 properties on a single policy, though if you have more, we may be able to help. To find out more, please call us on 0800 977 6037 and we’ll be happy to discuss your needs
Q. Is multi-property landlord insurance a legal requirement?
A. No, but if you have a mortgage then your mortgage lender will likely insist on you having buildings insurance protection in place
Q. Is multi-property landlord insurance just for residential properties?
A. No, we can offer multi-property landlord cover for commercial properties, residential properties or a mixture of the two
Q. Can I add and remove properties from a policy?
A. Yes, you just need to let us know and we can adjust the policy for you
Q. I have different types of tenants in my properties, can I still get multi-property landlord insurance?
A. Yes, we can arrange cover for commercial tenants and a wide range of residential tenants, including asylum seekers, Department for Health and Social Care (DHSC) tenants, local authority tenants, professionals, or retired people
Q. What happens if one of my properties becomes vacant?
A. If one of your properties becomes vacant for a period – typically 90 days – then you’ll need to get an unoccupied property insurance quote
Q: Are there any other policies I should consider?
Yes, and landlord rent guarantee insurance is one of the most popular. Landlord rent guarantee insurance protects landlords from financial losses incurred by tenants failing to pay their rent. A policy can cover missed rental payments and legal fees if you have to evict a tenant from the property
Q. How much does multi-property landlord insurance cost
A. That will depend on things such as:
- Your properties postcodes
- How many properties you have
- The rebuild cost valuations
- If you want contents insurance
- Whether they are at risk from flooding
- The type – residential, commercial or a mixture of the two
- Your claims history
- Your level of exces
Get a multi-property landlord quote today
If you'd like some multi-property landlord insurance help or a multi-property landlord quote call us on 0800 977 6037. We can give you all the advice you need and can compare our markets to find you the cover you require.
