If your landlord insurance renewal has arrived, do not assume it is the best price you can get.
Do not assume your existing broker has done everything possible.
Do not assume the market has been properly checked.
And do not assume that simply renewing is the safest or cheapest option.
At NetRent, we are currently cheaper in 4 out of 5 landlord insurance renewals we quote.
That does not mean every renewal can be beaten. It does not mean price is the only thing that matters. But it does mean one thing very clearly:
If your landlord insurance is due for renewal, it is worth sending it to NetRent before you commit.
Why accept the renewal without checking?
Many landlords renew because it feels easy.
The policy is already in place. The broker has sent the paperwork. The renewal date is approaching. The premium may have increased, but perhaps not enough to force action.
So the landlord renews.
But that may mean paying more than necessary for another year.
If your current broker can offer a better price only after being challenged, it raises an obvious question:
Why was that not offered in the first place?
Your renewal should be earned. It should not simply be accepted because it arrived.
Could NetRent save you money?
Right now, NetRent is seeing strong results when landlords send us their renewals.
In many cases, we are able to work with Clear’s dedicated NetRent team to obtain a more competitive option.
Currently, we are cheaper in 4 out of 5 renewals we quote.
That is a powerful reason to act.
If your renewal is £700, £1,200, £3,000 or much more across a portfolio, even a modest saving can matter.
For landlords with several properties, the potential saving may be even more significant.
The question is simple:
Could your renewal be cheaper?
There is only one way to find out.
Send it to NetRent.
We do more than chase the cheapest price
Saving money matters.
Landlords are already dealing with higher mortgage costs, repairs, regulation, tax, licensing, agent fees and general operating pressure.
But landlord insurance should never be judged on price alone.
A cheaper quote is only useful if the policy is suitable.
That is why NetRent does not simply look at the headline premium and stop there.
We also want to understand the property, tenant type, sums insured, loss of rent needs, occupancy, previous claims, material facts and whether the landlord owns a wider portfolio.
The aim is not just to beat the price.
The aim is to help landlords find a better overall insurance outcome.
What NetRent offers
When you send your landlord insurance renewal to NetRent, we can help you challenge it properly.
We review what you have been offered.
We ask the landlord-specific questions that matter.
We help make sure the enquiry is properly considered before it is passed to Clear’s dedicated NetRent team.
Clear Insurance Management then bring specialist insurance broking expertise, market access and renewal review.
That combination matters.
NetRent understands landlords and rental property.
Clear understands insurance.
Together, we can help landlords test whether their current renewal really is the best available option.
Your current broker may not have worked hard enough
Some landlords use an alternative quote only as a bargaining tool.
They send the renewal to NetRent, receive a better option, and then take it back to their existing broker.
Sometimes the existing broker suddenly reduces the premium.
That may feel like a win.
But landlords should ask:
Why was that better price not offered before?
Has the policy really been matched?
Are the excesses the same?
Is loss of rent cover the same?
Are tenant damage terms the same?
Are unoccupancy conditions the same?
Are exclusions and limits the same?
A matched premium is not always a matched policy.
If your existing broker only reacts after being challenged, it may be worth considering whether they have truly earned your renewal.
Portfolio landlords should pay particular attention
If you own several rental properties, your renewal may be a much bigger opportunity than you realise.
A landlord with five, ten or fifteen properties may be paying a significant annual premium.
That business has value.
It should be reviewed properly.
Different properties may have different tenants, rent levels, rebuild values, void periods, claims histories and cover requirements.
If your current broker has simply rolled the portfolio forward, you may not be getting the best result.
NetRent is particularly well placed to help small portfolio landlords challenge their renewal and see whether Clear’s dedicated NetRent team can provide a stronger alternative.
Do not wait until the last minute
The best time to challenge your renewal is before the deadline is close.
Leaving it too late gives you fewer options.
It also makes it easier to renew by default.
If your renewal is due soon, send it to NetRent now.
Give us time to review what you have been offered, ask the right questions and pass the details to Clear’s dedicated NetRent team.
The earlier you act, the better chance you have of making a proper decision rather than a rushed one.
The challenge is simple
If your landlord insurance renewal has arrived, send it to NetRent.
Let us quote it.
Let us see whether we can save you money.
Let us help you check whether your existing broker has really done enough.
At the moment, we are cheaper in 4 out of 5 renewals we quote.
Could yours be one of them?
Contact NetRent before you renew
Before you accept your landlord insurance renewal, send it to NetRent.
You may save money.
You may improve your cover.
You may get better service.
You may discover that your current broker has not been working hard enough for your business.
But most importantly, you will have challenged the renewal before committing for another year.
Call NetRent: 01352 721300
Email: insurance@netrent.co.uk
Could your landlord insurance renewal be cheaper? Send it to NetRent before you renew and find out.