is this true

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    is this true

    you can have one insurance for at least 7 properties you own, this cuts out the headache for eACH PROPERTY. i heard this from a friend but never really got to see any proof of its existence.

    #2
    Yes

    A policy for multi properties does work if you use a good broker ! Try delite on 02083162341 or email specialist@deliteinsurance.co.uk


    Originally posted by nask70 View Post
    you can have one insurance for at least 7 properties you own, this cuts out the headache for eACH PROPERTY. i heard this from a friend but never really got to see any proof of its existence.
    Neil NEW direct dial 0208 8509697
    email

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      #3
      thansk will contact them however

      if i have already various insurances which expire on different dates and months how can thsi be changed to one paymen t and one insurance.

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        #4
        Arrange the new consolidated policy to start say 15 January at 0000 hours.
        Ring all the existing insurers and tell them to end the insurance on 14 January at 2359 hours. Write a letter to each confirming your instructions. Remember to obtain refunds where appropriate.

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          #5
          problem i have paid for the year

          will i still be able to get a refund?

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            #6
            When you call the existing insurers - ask.

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              #7
              Originally posted by nask70 View Post
              will i still be able to get a refund?
              Yes. This often happens (eg someone sells house part-way during insurance year). Company might make small deduction for hassle but that's all.
              If you pay existing premium payments by s/o or d/d, remeber to cancel bank authorities.
              JEFFREY SHAW, solicitor [and Topic Expert], Nether Edge Law*
              1. Public advice is believed accurate, but I accept no legal responsibility except to direct-paying private clients.
              2. Telephone advice: see http://www.landlordzone.co.uk/forums/showthread.php?t=34638.
              3. For paid advice about conveyancing/leaseholds/L&T, contact me* and become a private client.
              4. *- Contact info: click on my name (blue-highlight link).

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                #8
                We have a "portfolio" of properties with Norwich Union, we can have up to 5 properties in a portfolio then they open another! It works by having ione renewal date and we add to the portfolio over the year and the insurance for each property added is calculated pro rata. It did cause some confusion with the mortgage company when we first purchase a property as the policy number is the same for all 5 properties but they have caught on now!

                As a property insurance comes up for renewal we add it to the portfolio, no need to mess around part year!
                GOVERNMENT HEALTH WARNING: I am a woman and am therefore prone to episodes of PMT... if you don't like what I have to say you can jolly well put it in your pipe and SMOKE IT!!

                Oh and on a serious note... I am NOT a Legal person and therefore anything I post could be complete and utter drivel... but its what I have learned in the University called Life!

                Comment


                  #9
                  You may insure as many properties as you require on one policy if you wish with many insurers, you will then have one renewal date and one payment to make. If you take out a new policy at your next renewal you can then add any further renewing properties as and when appropriate which will cover them until your policy anniversary. You will only be charged for the period of cover until policy renewal.

                  This can often prove more economical than cancelling cover on some properties and re-insuring all together as many insurers will not give a pro rata refund on cancellation.

                  Call UKinsuranceneNET on 0845 3651264.

                  or visit www.landlords-building-insurance.co.uk for a quote

                  Chris
                  UKinsuranceNET

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