Financial benefits, broad insurance cover and smart policy management.
One of the characteristics of insurance for investment property and holdings is the diversity in the type of tenants, who are involved in various fields of business, resulting in a situation whereby numerous people are involved in handling the insurance portfolio – separate Property Damage policy
for each property, a separate Third Party Liability policy
for each type of activity, a separate Employers Liability policy
for each business unit, a separate Loss of Profits policy
for each division, as well as other individual Contractors All Risks policy
for construction works, a Directors and Officers Liability insurance policy
All of this is a recipe for high insurance costs, double insurance and/or underinsurance and a bureaucratic nightmare: the need to keep abreast of different renewal dates of each policy along the year, and a fractured insurance policy buying strategy due to the fact that several insurance agents and companies participate in your insurance portfolio.
Now imagine a situation where your entire insurance portfolio is arranged under a single roof with a single, experienced and professional insurance agent. Here are some of the main advantages:
✔ Centralisation – A single point of contact for the entire insurance portfolio.
✔ Reduced costs – The larger the insurance portfolio – the larger the savings.
✔ Strategy – Formulating an insurance portfolio with a global view rather than of each individual property – thereby avoiding double insurance or underinsurance.