The Covéa Insurance product is designed for domestic rental properties with a minimum six months lease, and provides buildings, contents and liability cover as standard. Initial and renewal commission is payable at 27.5%.
Geoff Hall, managing director of Berkley Alexander, said: “The demand for landlords’ insurance remains high.
“Rental costs are on the increase and landlords are making higher and higher returns. Indeed, according to the latest ARLA Index the demand for rented accommodation is still on the increase, and monthly rents are following suit with the average weighted rental return for houses is up from 5.0% to 5.1%, its second increase in succession.
“This means that not only are we continuing to see new buy-to-let landlords entering the market but also existing landlords are looking to grow their portfolios.”
Tim Grant, senior manager small business at Covéa Insurance, added: “All of our products focus on delivering flexibility, meeting demands, and delivering the highest levels of protection, and our landlord offering is no different.”
