Is your Landlords insurance renewal coming up this summer?

Is your Landlords insurance renewal coming up this summer?

12:29 PM, 23rd May 2013, About 11 years ago 4

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Several years ago my business partners and I were approached by an insurance broker who told us we could save a lot of money by combining our landlords insurance policies into a block policy.

This was the beginning of our landlords buying group.

At that time we were in the business of arranging mortgages so we told our landlord clients how much money we we saving. They combined their landlords insurance policies with our block policy and so the scheme started to grow.

The bigger our landlords buying group became the more negotiating power we gained.

As time went by the word spread and before long hundreds of landlords had joined the group. We have switched insurance providers a few times when we have found better deals and we continue to shop around. To fund the administration we take a very small commission from the scheme provider. Some landlords have reported saving as much as 50% on their renewal premiums at the point of switching from their insurance provider to the current provider to our landlords buying group.

It’s fair to say that not everybody joining our landlords buying group can save money as some insurance risks are not compatible with the scheme provider. However, it costs nothing to join our landlords buying group and nothing to get a quote, hence you have nothing to lose.

By the time your insurance renewal falls due you may well have forgotten about this article. Therefore, if you put your contact details into the form below we will make sure you are contacted by our landlords insurance scheme administrator a week or so before your next policy is due for renewal. If you don’t give it a try you will never know how much you might be able to save so you might as well complete the form now, it should take less time than it took you to read this article 🙂

Landlords Buying Group Insurance Renewal

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Eric Smith

23:37 PM, 23rd May 2013, About 11 years ago

I only have flats so only require liability insurance .can I get this without buying buildings insurance which I do not need?

Mark Alexander - Founder of Property118

7:29 AM, 24th May 2013, About 11 years ago

@E Smith - I own several flats and have Landlords Liability Insurance + £10k of contents insurance on each through this scheme. It's cheap as chips and whilst I've never had to claim it is very reassuring to have it there just in case. I don't know whether it's available as a one off policy as I also have the buildings insurance for all of my houses on the same block policy. It's certainly worth filling in the form to find out though.


12:22 PM, 28th May 2013, About 11 years ago

Interesting that you say you have your leaseholds and your freeholds on the same policy.

I have always been told (by several different insurers down through the years) that I have to have two separate policies for this.

Mark Alexander - Founder of Property118

14:04 PM, 28th May 2013, About 11 years ago

@Badger - I have always done it this way with every insurer I've ever used and there have been several. They seem to prefer one block policy as it saves administration for them and I prefer it as their savings translate into savings for me too in respect of lower premiums.

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