multiple property with single insurance policy?

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    multiple property with single insurance policy?

    We now have 3 flats (not that many I admit) but the landlord insurance renewal has just come through for one of them and it would be great to have a multi property for reduced admin and hopefully a keener premium (like Admiral do for cars)

    Does any insurance company do this?


    Direct Line do multi property. One thing to beware of though, is that if you claim for one property, it may push up your premiums for all three.


      Not a big fan of Direct Line. Try some of the brokers on this page


        What we find as a broker is that you need to get a quote for both circumstances (i.e. all as separate policies and one with all properties on the same policy). In the case of 5 or less properties, I would estimate that 4 out of 5 quotes we do are more competitive by insuring them separately.

        The main factor to bear in mind is that if the properties have any differing details such as different post codes, sums insured, tenants, etc. then choosing one insurer might not be best. This is because one insurer may be good for working tenants but not for students and vice versa with the next insurer. You will also find that every insurer will cover one property but believe it or not, some will not offer a multi property policy so you actually restrict your insurer options and therefore your price/cover options.

        When you get to 10+ properties, the discounts get bigger and begin to out-weigh the factors above.
        Steve Smith - Company Director at a leading Landlord Insurance broker with 20+ years experience in the industry
        LandlordZONE Verified Poster and Topic Expert for Landlords Insurance since 2009
        See my profile for contact details


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