It offers a range of specialist insurance products for landlords, designed to take as much of the risk as possible out of residential property investment. These include buildings and contents, legal expenses, rent guarantee and commercial property insurance.
Central to Redbrick's offering is its Portfolio insurance product, which enables landlords to take out one insurance policy for their entire portfolio of properties rather than a single policy for each individual property. This can result in significant premium savings, in addition to providing a streamlined insurance service for professional landlords.
While Redbrick is new to the market, the company draws on the Paragon Group's considerable experience in the private rented sector, which includes 14 years of offering specialist insurance products to Paragon's own buy-to-let customers.
Redbrick Landlords Insurance is headed up by Tony Armitage, who has spent over 30 years in the property insurance industry. He says: ‘Through both its mortgage and insurance operations, Paragon has developed a detailed understanding of what professional landlords want and how they operate. We have a great insurance proposition for them and we are looking forward to extending this to the wider market for the first time.
‘Being a residential landlord can be a stressful business, but ensuring you have adequate insurance from professionals who understand the market can make life much easier.'
