The purpose of a property portfolio insurance quote

December 3, 2012

Landlords Insurance

If you are a landlord with more than one property, you may find the following information useful:

  1. there is little dispute that economic times are tough and landlords need all the help they can get in terms of financial and logistical advantage through their insurance products;
  2. it is possible to obtain, from some insurance providers, what is called a property portfolio insurance quote;
  3. that means, essentially, that you would be able to cover all of your properties in one place and through one commercial insurance agreement with a provider;
  4. the advantages of portfolio insurance might be significant.  Obviously, chief amongst them, would be the possibility of obtaining a more cost-effective solution to your total property insurance needs than might be achievable in a situation where you were doing things on a property-by-property basis;
  5. there are many reasons why that might be the case, perhaps the most obvious of which is the fact that you will be consolidating your business with one provider and that means you may gain from economies of scale;
  6. perhaps almost as importantly, though sometimes overlooked, are the benefits you may accrue through reduced administration and diary management.  You may, for example, be able to have one general renewal date and of course you will only have a single point of contact with one insurance provider rather than numbers of them;
  7. for all these reasons, it might be worth finding out more about portfolio cover and here at CIA Insurance we would be only too pleased to help by providing further information on this important topic.

Remember also that you may have a number of other opportunities for reducing the total cost of your cover.  Options might exist in areas such as taking a higher voluntary excess on your policy or reconsidering things such as whether you perhaps need contents cover in all cases.

A little effort invested in a systematic review of your insurance requirements might yield real benefits in terms reducing your costs.  It’s worth finding the time to do so and considering some of the above options.

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