Property Portfolio Insurance
Keep your property portfolio covered under a single, tailor-made policy.
Why choose Howden for Property Portfolio Insurance?
Whether your second home is for personal use as a holiday home or weekend retreat, a professional let or a holiday let, just like your main home it requires insurance to cover the buildings, contents and any legal liability to the public or domestic staff.
And although specific insurance products – such as Holiday Home insurance or Holiday Let insurance – are available and can seem like the best option, that’s not necessarily the case. There is another way to insure your second home.
What is Property Portfolio Insurance?
Howden has access to many mid and high net worth home insurance providers, the majority of which insure multiple locations under a single policy – provided that the main residence is insured under that policy as well. Insuring a second home this way, as part of a portfolio, brings certain benefits, some of which are highlighted below:
- A common renewal date – with multiple locations under one policy, there is only one renewal date to remember.
- A single policy document covering multiple locations – all your properties are listed separately in one simple document.
- A single point of contact – holding multiple policies, potentially with different insurers, means you have multiple contacts, names and telephone numbers to store and find. You also need to remember which contact is for which policy and who to contact in the event of a claim. A single policy portfolio reduces this to one point of contact.
Broader cover– many specialist holiday home, second home or let property insurance policies are underwritten on a ‘named-perils’ basis. This means that you are only insured for what is specifically listed in the policy. If the peril, for example fire or theft, is not listed in the policy, then it’s not covered. In addition, the onus is on the policyholder to prove that the loss is covered by one of these perils. A mid or high net worth policy through Howden is an ‘All-Risks’ policy where all physical loss or damage is insured unless an exclusion applies. An ‘All-Risks’ policy provides broader cover than a ‘named-perils’ style of cover.
Benefits of working with us:
- Expertise and advice for now and the future
- Dedicated, professionally qualified team of experts
- Each year over 95 per cent of our clients choose to stay with us
- Rated “Excellent” on Trustpilot
- A Private Client legacy which dates back to 1948
If you have a second property and would like to talk to someone about your insurance options, then call the Howden Private Client team on 020 8256 4901 or email privateclients@astonlark.com