Whilst we agree that Landlords Associations do a great job in certain areas, we are not sure that insurance is one of them.
What is the cost of joining a Landlords Association?
There is no average as such on joining a Landlords Association but they normally start around the £80.00 mark per annum and upwards. They often advertise that they can save you money on suppliers etc. but in such a competitive market we don’t necessarily believe that this is the case and it is definitely not on insurance. They are supposed to be an independent body that help you to reduce your costs but we have examples on a regular basis of where we have done quotes for clients who have their renewals through a Landlords Association and they are not cheaper. We shall explain this later.
Will the cost for the landlord Association increase?
Now that the RLA (Residential Landlords Association) and NLA (National Landlords Association) are merging there is a serious doubt on whether they will be able to sustain their current module and their costs will only increase.
By merging together there will be some cost savings but overall it is more than likely that the cost over a period of time will start to go up.
Are they truly independent?
Yes of course they are an independent body, but this is only to a point. For instance, on services and suppliers you will find that they use their own people and there is no guarantee that these are actually cheaper. They will receive a commission as most will from their insurance which obviously helps the Association itself but does that mean that you are getting the best reasonable deal as well as the correct cover. They have standard policies as most Landlords Associations do and this might not necessarily cover exactly what you want on your individual case. We have policies that we can individually design for clients to include their own special circumstances as well as being substantially cheaper with more cover.
A good example in relation to one area is accidental damage. This is not in the standard policy with the NLA and therefore as such you have to take out a higher policy to have it covered. The NLA state that members save 30% on a standard policy and 15% superior policies but are they as cheap from day one?
We enclose some examples of clients that have saved substantially through ourselves so are they truly independent and worthwhile?
Block of 29 leasehold flats
Extremely high level of cover
Managing Agents premium = £26,198
iInsure365 premium = £19,321
Total saving for our client: £6,877 with the same level of cover!
Block of 9 leasehold flats
Managing Agents premium = £5814
iInsure365 premium = £3106
Total saving for our client: £2708
Portfolio of 10 properties
Landlord Association’s premium = £3,294
iInsure365 premium = £2,584
Total saving for our client: £710
2-bedroom Mid terrace house
Current insurers premium = £360
iInsure365 premium = £275
Total saving for our client: £85
£10,000 tenant contents only
Letting Agents premium = £240
iInsure365 premium = £104
Total saving for our client: £136
Surely if they were truly independent and giving the best possible price, they would have two or three supplier i.e. be able to go to the market as we would.
Do they not provide us with news?
Yes of course they provide you with a lot of information that is exceptionally helpful. They will keep you up to date with the new laws which can be changed on a regular basis. Did you know that the letting industry has had 127 law changes in the last five years? However, we supply a huge amount of news doing at least a minimum of two articles every week through our news section of our website. We also provide a monthly newsletter giving you access to more articles on up to date law and any changes that may take place. The articles are written by the Managing Director Mark Harrington who has in excess of 25 years through the Law, Property and Lettings Industry. His knowledge is wide ranging and we are able to provide high content news information for you.
Should I not join a Landlords Association?
There is no reason why you cannot join a Landlord Association and get all of the benefits of the scheme. However, just make sure with a second quote that will take no more than two minutes to ensure that the Insurance that you are getting from them is actually the best cover and at the best possible price.
Could you save more than what your membership fee is?
Yes, of course, there is a high likelihood you may save a lot more than your membership fee so in real terms the savings you make through our insurance can even pay for your annual membership fee in any event. You therefore get the best of both worlds!
Why should I use iInsure365?
We generally believe not only can we save you money but can provide you with a much better cover than you currently have. Our Company mission is as follows:-
- Low cost insurance doesn’t compromise on cover
- An unrivalled reputation for customer service
- Flexible payment terms
- Individual policies to suit individual requirements
- Quality and a commitment to excellence
- The facility with our clients to ensure that they have no surprises within their policy
- Personal contact with the same people on a regular basis
- To be transparent for all of our costs including commission with no hidden charges
How long will it take to get a quote?
It can only take literally a couple of minutes of your time in order to get a quote. If you are going to save hundreds of pounds then a few minutes of your time is worth it.
If you forward us a copy of your policy/renewal then we will be happy to look at it and show you that we can do better for you. In the event that we can’t we will tell you straight away.
How can we help you with your cover?
Not only do we have a large panel of insurers that we can go to, but we have specific policies for landlords. These policies are not only comprehensive on cover but also low in price. We are totally independent and therefore not beholden to any individual group etc. We would be happy to give you an independent quote looking for the best possible price and cover for you. We are happy to tailor the policy for each individuals needs and ensure that the process is as smooth as is possible. You will always speak to the same person in the office and you will never speak to a call centre.
Why don’t you read our testimonials on what we can do?
‘Charlotte was pleasant, quick, efficient, answered all my queries and a policy was in place in less than 24 hours……3 different quotes, when she wasn’t sure of an answer, she checked and rechecked. I hope not to make a claim, but, if claiming is as painless as purchasing insurance….. Excellent, professional service, highly recommended!’
‘Charlotte was my advisor. Very professional and helpful. Been with this company for a while now and never had any issues.’
‘Friendly staff and the do what you ask them to do.
Prices are competitive and I would recommend them to anyone.’
‘Brilliant service, these people are efficient and knowledgeable. And luckily for me they remind me when I need my property’s insuring “great weight off my mind“
‘First class service, all my problems sorted very quickly.’
‘Iinsure have looked after our rentals for many years and have always matched any competitive prices. We haven’t yet had to make a claim so can’t speak to their effectiveness on that score. However, we need cover in any case for mortgage purposes and tbh buildings cover is always a reassuring thing to have for what might be one’s biggest investment (apart from children!)’
‘Fast, friendly insurance at a very competitive price. 100% recommend!’
‘We use iInsure365 and will often speak with Charlotte when contacting them. Charlotte is always ready for action, and will take something on immediately when requested. We have also dealt with Joseph who was keen and willing to help when i have a situation needing some urgent quotes to send to a client. I could not advocate for a more reliable and efficient company to help with insurance needs, all our customers love how quickly things are resolved when iInsure get involved.’
‘Dave and Charlotte are great! Both are very helpful and resourceful to find best products and services. Many thanks!’
‘Outstanding work every time! We’ve used iInsure for all our personal properties & our landlords working with our letting agency, they never disappoint – would recommend to anyone!’
‘Always excellent customer service and very helpful staff. Provide a great service to me.’
Carys Rachel Dickinson
‘Great value for money and friendly helpful service every time.’
‘Very professional experience. I insure a few properties with them and they will contact me each year at renewal to discuss alternative options. Good if you do not simply want to auto-renew with the same supplier each year at an ever increasing premium. This way they always make sure you are on the best deal for your needs. Thank you for your help, Scott.’
‘Iinsure are a treasure! Been using their brokerage for landlord´s insurance for three years now and they consistently find cover at unbeatable rates. All wrapped up in knowledgeable and efficient customer service. Thoroughly recommended!’
‘Excellent company. I have used them for some years, and I feel that they have my back. I appreciate the care and attention to my insurance requirements.’