Landlords Insurance – Landlords Buying Group

Landlords Insurance – Landlords Buying Group

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Price Guarantee Landlord Insurance with Property118

Landlords Insurance - Landlords Buying GroupSeveral years ago we 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 were 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.

Click the button below for a Landlords Insurance quote

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Operated in partnership with Property118 by The Home Insurer, which scores 4.9 out of 5 stars on Feefo for customer service and is an Insurance Times Awards Finalist, GUARANTEES to beat the premium you are quoted elsewhere on a ‘like-for-like’ basis. What’s more, by using our recommended Landlords Insurance providers you will also be helping to fund the running costs of Property118.com so you save money and our community benefits too. Everybody is a winner.

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

Use the form below to request one of our team gives you a Call Back

Landlords Buying Group Insurance Renewal

 

Comments

by Dennis Leverett

18:36 PM, 24th March 2017, About 5 years ago

About to renew my Landlords Insurance and found them to be the dearest by a long way. Was with Direct Line last year but this year found CIA as recommended by 118 Neil previously best price with best policy. I had used CIA previously but they bumped up the renewal price hence Direct Line but they now say they have many more insurers on their books. Very pleased with price. One thing that put me off about Landlords quote was that they phoned me as soon as I put my phone number on the online form.

by Sunil Lad

19:44 PM, 12th April 2017, About 5 years ago

Is there a promotional code I can use during getting a quote

by BobG

11:30 AM, 11th July 2017, About 4 years ago

Hi

I am a big fan off Property 118 and they have provided so much useful information over the years they deserve to be in the position they are in.
I have recently started to change my insurance company of many years just because the price has gone up and was amazed by going onto a comparative website I was saving 30% premium and getting £5 mill cover instead of £3 mill. Clearly it doesn't pay to be loyal. The new policies are will an excellent company and give more comprehensive cover.
To try the Property 118 site I put in the details for a property in Leeds LS9 0BY at a building cost of £123 000 let to single family on benefits and got a price of £280.47 (I haven't checked to see if £2 or £5 mill cover.) This compares with my existing renewal premium of £143.37 with £5 mill cover and other benefits and with a good quality company. This gives £1.16 per thousand insured and is higher than I normally pay, almost certainly due to area and tenant type. I have some where I pay 71p per 1000 insured. I don't cut corners with insurance having once suffered an electrical fire with a claim for £61K
It shows you do need to shop around.

by yew tree

16:28 PM, 28th September 2017, About 4 years ago

just told a guy about this insurance on another site came back and said cheers mate saved me £250.00
makes you feel good don't it

by Jason McClean

9:49 AM, 29th September 2017, About 4 years ago

Property 118 is here to help with your insurance needs, just let me know or message me directly and I'll try to help:

jason@thehomeinsurer.co.uk.

http://www.thehomeinsurer.co.uk

by j r

6:05 AM, 1st October 2017, About 4 years ago

Reply to the comment left by Robert Grant at 11/07/2017 - 11:30
Hi Robert, I have just read your comments and feel I would like to expand this subject.
I have owned BTL's for nineteen years and used a number of different insurers in that time. My experience has been;
1. It seems many owners just go for the lowest quote they get. They seem to think it is some form of competition so they can announce their low premiums. OK up to then but have they really thought what they are doing? They are 'securing' their investment of many thousands of pounds. They are relying on a price war of insurers to look after their investment. Think about it - does this make sense?
2. if I get a quote I always look at reviews on line about the company. It is surprising what comes up about some of the really well known insurers and their claims service or admin. If you think about it, you want a good claims service if unfortunately you have to make a claim. This is what you pay your premium for!
3. The old saying of the 'devil is in the detail' certainly applies to insurance.
4. Some years ago I asked one of the major insurers online what was the largest amount they had ever paid out on a Third Party claim. The answer was £170,000. This shows the quotes of £2m or £5M are really cosmetic to some extent.
5. The broker who deals with my cover has always given me alternative quotes at every renewal. How many others do this? Most likely it would involve their staff in extra work.

I could go on but this is how I feel about insurances on BTL

by BobG

10:02 AM, 1st October 2017, About 4 years ago

Reply to the comment left by j r at 01/10/2017 - 06:05
Hi
I can only speak as I find.
I have been building, refurbishing and renting property for forty plus years and have also worked for many years as both a chartered building surveyor (RICS) and a chartered construction manager (CIOB), both in the UK and abroad. I looked after 5000 properties for a housing association and have also held the position of Director of Estates for a large commercial organisation looking after £50 mill worth of property. When I did these jobs I had to best value around 100 facilities management contracts which would include everything from building services, Legionnaires treatment, lift servicing, security, catering, insurance and many more. My point is that I am a boringly methodical sort of guy who has spent a lot of time comparing specifications and quotations and my experience is that if you don't look around at renewal to see what deals are out there then you will lose out. I certainly don't just choose the lowest, I choose the cover I want. Even when I get a renewal for an insurance I go on line and the same company is often offering it 10 - 15% cheaper. CIA are a good place to start. As an unrelated example I have a Mercedes automatic E220 bluetec on lease and it costs me £182 plus VAT - again good quality but a very competitive price. Similarly I have four different trade cards for B & Q and they all give different discounts the best being the one for portfolio landlords. I shop around and save a lot of money doing it.

by Elisabeth Gordon

10:42 AM, 1st October 2017, About 4 years ago

Thank you. I shall have a more thorough check before renewal.

by Jason McClean

11:04 AM, 1st October 2017, About 4 years ago

Hi Guys

The 118 insurance allows you to call and speak with us direct. With me. I have helped a lot of people save money and improve cover and will do my best for you, but we need to be given the chance.

Best

Jason

by BobG

12:22 PM, 1st October 2017, About 4 years ago

Reply to the comment left by Jason McClean at 01/10/2017 - 11:04
Hi
Yes as I said I am a big fan of Property 118 but I think the statement of "guaranteed savings" is misleading. I do accept that you are a quality company doing a good job and competitively priced which is slightly different.


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