Portfolio Insurance

It often makes good sense for a landlord to take out Property Portfolio Insurance; this brings both simplicity and the financial saving of having one insurance policy to cover your entire portfolio of properties. As a landlord, you will need specialist Landlords Insurance, since a normal household policy will not cover your needs

While some landlords choose insurance to match the specific demands of their individual properties, if you own a number of buy to let investments it is generally worth having a look at covering them all under one portfolio insurance policy.

Portfolio Insurance on a number of properties is subject to the Condition of Average (under insurance). This means that each property insured is subject to Average in that if it is insured for less than the rebuild value of the property, the amount payable will be proportionally reduced.

Contents Insurance cover

It is a good idea to hire a Chartered Building Surveyor, who can accurately evaluate the worth of your properties to make sure you are insured for the correct sum.

Insuring your portfolio of properties

When insuring your properties, it is also a good idea to protect against all insurable risks to the full replacement cost. It is important to remember that you should only take out Portfolio Insurance on your properties for the rebuild value and not the sale price. This is because the sale price is often higher than the rebuild value, which will make your premium higher than needed.