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  • Insurance

    Portfolio insurance insights - Alan Boswell



    Welcome to Day 3 of themed content here on Property Tribes where we are delighted to present a week of video content shining the spotlight on the world of portfolio landlords.

    The week came about because we believe that the gap is widening between small landlords (3 or less properties) and portfolio landlords (4 or more properties) in many areas including tax, finance, and mindset.

    Property Tribes will be presenting a week of content exploring these issues, powered by Less Tax for Landlords.

    This is how the week is shaping up:

    Monday - Launch of "Portfolio Landlords Week" with Tony Gimple of Less Tax for Landlords and we meet Robert, a portfolio landlord based on the south coast to hear about his property journey.

    Tuesday - Finance for portfolio landlords with Shawbrook Bank and Property Tribes Financial Services. (Video in footer).

    Today - Insurance for portfolio landlords with Alan Boswell Group and we meet a husband/wife portfolio landlord team JP and Angela Barakat. (Video in footer).

    Thursday - Tax for portfolio landlords with Tony Gimple of Less Tax for Landlords and we feature Tony's presentation from the Spring Property Investor Show.

    Friday - Portfolio landlord with four decades of experience, John Howard, shares his tips and we meet Chris, a portfolio landlord based in St. Albans.

    Today we are joined by Steve Cox, Portfolio landlord Manager at Alan Boswell Group, PT's insurance partner, to discuss portfolio insurance:


    Property Tribes would like to thank Less Tax for Landlords for powering this week of content. 

    A reminder that it is thanks to the support of our partners and sponsors that Property Tribes remains as a free-to-use community resource.

    The Alan Boswell team are on hand to support the Property Tribes community with all your landlord insurance needs and can be contacted on 01603 649736 .

    In the footer, you will find an interview with husband and wife portfolio landlord team 

    Tune in all this week to look at property life through a portfolio landlord lens - "Portfolio Landlords Week" here on Property Tribes!  

    SEE ALSO  -          Mitigating business risk through insurance

    UP NEXT -              Growing a property portfolio - resources

    DON'T MISS -         Rent guarantee insurance - insights

    NOW WATCH:

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    Wanted to ask the tribe of the different recommended brokers available in the market for Portfolio Landlord Insurance.

    I know Alan Boswell comes recommended by PT but as we anything, it's good to do some comparison and I wanted to see who other experienced landlords use?

    - Do landlords with 6+ properties go with Portfolio Insurance or do you still find it better to work with each property insurance individually?

    - What are the benefits and drawbacks you've found with Portfolio Insurance. For example does making a claim against one of the property effectively mean you lose any no claims against the whole policy?

    - What are up to top 3 sites / brokers Landlords would recommend in addition to Alan Boswell?

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    Saagar

    Disclaimer: I have no legal expertise nor am I a qualified advisor on any subject. A humble landlord using an open forum to exchange ideas and experiences. 


    Hi All

    Today was the first time I tried to engage with ABG to obtain a quote and I thought I share my initial experience. I wouldn't like to believe that this is a reflection of the company as a whole because it comes recommended by Vanessa and therefore I will try to engage with them again tomorrow.

    Scenario: Wanted to obtain a quote for a HMO property with the view to gradually add my portfolio when the renewals become due. I initiated the enquiry around 18:30ish.

    1. Visited their website and went to their Multi-property landlord insurance page. Tried to obtain a quote but at the end of the quote form and pressing submit - the page has simply hung

    2. Called their number 01603 218086 on the above page and it just kept ringing. No voicemail or advice. Called the number again on their main homepage where the voice message confirmed the operating hours.

    Just thought I share my experience. Will try again during their office hours to see what their service is like. Hopefully they can come close to some quotes I've obtained elsewhere.

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    Saagar

    Disclaimer: I have no legal expertise nor am I a qualified advisor on any subject. A humble landlord using an open forum to exchange ideas and experiences. 


    Thank you for your feedback and we are sorry that our systems let you down.  We have reported the problem you experienced with our quote engine to our web developers to investigate and we are also looking into the lack of out of hours voicemail on the telephone number quoted. 

    We hope your experience from calling us during the day lives up to your expectations! Again we apologise for the inconvenience caused last night, we hope to have fixed the problems soon.

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    Thanks for your reply. I did think that my experience last night would be an unusual occurrence because the group gets good praise on PT.

    Didn't want to put myself off but thought I share my experience. I've rang this morning and the service was much better and in line with my expectations.
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    Saagar

    Disclaimer: I have no legal expertise nor am I a qualified advisor on any subject. A humble landlord using an open forum to exchange ideas and experiences. 

    I have insured my portfolio with Boswell's for a number of years and coincidentally, Steve is the person i deal with.

    I normally ping him an email if there are any changes that are required to my policies.

    I also try with one or two comparisons every year to see if they can be beaten but to no avail. I recommend my clients to them and i have not received anything other than positive feedback.

    When insuring your portfolio a long term relationship is better than saving a couple of quid.

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    [Image: New-logo2.png] Manchester based investor. I buy, sell, renovate and rent investment property in East/North Manchester Wink email: mike@brentwoodinvestments.co.uk Call: 0161 681 3724

    Completely agree. As my portfolio grows I want recommended companies and I had never heard of them prior to joining PT.

    I was waiting for my next policy purchase to give them a ring to see what the experience is like. I was slightly surprised last night as the first impression wasn't great; however because of  people like you and others in the group I wanted to give them a second chance and write off my first experience. 

    Nevertheless wanted to share my experience for the group so that I can get some follow up feedback from people like you.
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    Saagar

    Disclaimer: I have no legal expertise nor am I a qualified advisor on any subject. A humble landlord using an open forum to exchange ideas and experiences. 

    Thanks for your kind support Saagar.  I hope it gives you an extra level of confidence and trust that our sponsors and partners are accountable to this community?

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