Paragon Landlord Insurance has released details of its new portfolio insurance product.
Portfolio Insurance is aimed at landlords with five or more properties in their portfolio, who can combine their separate insurance policies into a single ‘all risks’ portfolio policy.
The policy provides buildings cover as standard and includes automatic loss of rent, theft and malicious damage cover and landlord’s legal liabilities.
Paragon Landlord Insurance is the insurance division of buy-to-let mortgage specialist The Paragon Group of Companies.
Paragon works with a panel of insurers to provide a bespoke policy based on a landlord’s individual policy portfolio. It claims a portfolio insurance policy is typically cheaper than buying single policies due to bulk discounting.
Julian Rance, Paragon Landlord Insurance’s managing director, said: “Landlords are time-pressured individuals – juggling several insurance policies at the same time can be both time consuming and costly for the landlord.