Multi Property Landlord Insurance

Multi property landlord insurance means you can save time and money by getting your whole property portfolio insured on the same policy.

At Emerald Life, our personal approach means multi-property landlord insurance is no problem. You can call or email us your requirements and we’ll take it from there.

Multi Property Landlord Insurance Benefits

Portfolio policies with Emerald Life benefit from a generous discount. Plenty of landlords save money by switching to Emerald Life anyway, but our multi property landlord insurance discount can reduce that even further.

Then there’s the admin side. A multi-property landlord policy can be sorted all at once and so you only have to consider renewal once a year.

At Emerald Life, we have even taken property details from customers via email or spreadsheet and entered all the data for them. You give us the information and we’ll give you a price as soon as we can.

Besides that, multi property landlord insurance includes all the benefits of our landlord insurance for single properties.

With multiple properties there is certainly a higher chance of something going wrong with at least one of your properties. While your financial returns increase with extra properties, so do the potential liabilities. It is therefore wise to consider multi property landlord insurance to cover all your properties.

Buildings Cover

Buildings cover is there to help with ongoing damage as well as reinstatement in the event that a property is completely destroyed.

It is therefore important to get an accurate idea of your rebuild value and insure for that amount. Note that rebuild value – and therefore your buildings cover value – is not the same as the market value of your properties.

That’s because you already own the land and the market value doesn’t necessarily reflect what it would cost to rebuild the property, which is usually less.

Contents Cover

Landlord contents insurance gives you cover for items you own in the property like curtains, carpets and appliances.

At Emerald Life we provide £5000 of landlord contents cover free, while higher levels are also available.

This doesn’t cover damage by tenants but does mean in the even of fire or burglary then your own possessions at the property are covered.

Keep in mind that landlord contents insurance does not cover tenants’ contents. For this they should look into getting their own contents insurance.

Public Liability Insurance

The chances of rare accidents are also multiplied with multiple properties. If someone is injured on your property then you risk being sued for damages.

Property owner’s liability cover can help cover your legal costs in the event something like this does happen.

That could be anything from a falling roof tile to a tenant or contractor tripping over carpet.

Most good home insurance policies include public liability cover as standard and with Emerald Life landlord insurance you can choose between £2 million and £5 million of cover.

Cover For Lost Rent

If your property is made uninhabitable then we offer cover for your lost rent while it is unoccupied. Imagine having a major incident like a fire or flood, and while the insurance helps with most of the costs you are left with the additional headache of lost income. That can be especially difficult if you have a buy-to-let mortgage and need to maintain your payments.

Landlord Rent Guarantee insurance is another product you may wish to consider with other insurers but be sure to understand the circumstances under which you can claim. You are normally expected to bring eviction proceedings against the tenant in order to do so.

Types of Property And Tenant

If you have a portfolio that needs insuring the chances are you may have different types of properties and tenants.

That is not normally a problem as Emerald landlord insurance can include students and DSS tenants in properties including blocks of flats, HMOs and more, including in Northern Ireland.

These are all instances where some insurers may struggle to cover you. In particular, larger insurers often don’t want to go the extra mile to provide cover for special circumstances.

With Emerald Life every customer matters and we will work with you to help you find the cover that’s right for you.