Good landlords usually know other landlords.
They may speak through local networks, letting agents, property contacts, family connections, landlord forums, investor groups or simply through years of working in the private rented sector.
That matters.
Because many landlords are still renewing insurance out of habit. They may be staying with the same broker year after year, assuming the market has been checked, assuming the cover is suitable, and assuming the renewal is the best available option.
Those assumptions can be expensive.
If you know another landlord whose insurance renewal is approaching, it may be worth suggesting that they speak to NetRent before they commit.
Many landlords do not challenge their renewal properly
Landlord insurance can easily become routine.
The renewal arrives. The premium is checked. The documents look familiar. The landlord is busy. Unless something looks obviously wrong, the policy is renewed.
That may feel efficient.
But it is not always wise.
A renewal notice does not prove that the market has been properly reviewed. It does not prove that sums insured are accurate. It does not prove that loss of rent cover is adequate. It does not prove that tenant type, unoccupancy conditions or material facts have been checked.
Another landlord may not realise that their renewal should be challenged before they commit.
A simple referral could prompt them to review it properly.
A better premium may be available
No landlord wants to overpay for insurance.
Premiums matter, especially when landlords are already dealing with higher mortgage costs, repairs, regulation, tax, licensing and wider operating pressures.
If another landlord is approaching renewal, they may be able to get a more competitive option through NetRent and Clear.
There are no guarantees, and price should never be the only issue, but it is always worth checking before renewal.
Landlords should not assume that their current broker has already done everything possible.
Better cover may also be available
A cheaper quote is only useful if the policy is suitable.
That is why a proper referral is not just about saving money.
It is also about asking whether the landlord has the right cover.
- Is the buildings sum insured accurate?
- Is loss of rent cover adequate?
- Are tenant types correctly disclosed?
- Are unoccupied property conditions understood?
- Is malicious damage by tenants dealt with properly?
- Are excesses clear?
- Have material facts been reviewed?
The benefit of speaking to NetRent is that the renewal can be challenged properly, not simply priced quickly.
Some landlords only act when someone prompts them
Many landlords intend to review their insurance properly.
Then the renewal deadline gets closer.
Other issues take priority.
The existing broker sends the documents.
The landlord renews for another year.
That is why referrals matter.
A reminder from another landlord can make the difference between automatic renewal and proper review.
If you know someone whose renewal is due soon, a simple recommendation could help them avoid renewing on assumptions.
Portfolio landlords may benefit most
Small portfolio landlords can be especially exposed if their insurance is not reviewed properly.
A landlord with five, ten or fifteen properties may have different tenant types, different rents, different rebuild values, different void periods, different claims histories and different cover requirements across the portfolio.
If those details are simply rolled forward year after year, the risk of assumptions increases.
A portfolio landlord should not treat insurance as routine paperwork.
They should have it reviewed carefully before renewal.
If you know a portfolio landlord, they may be exactly the kind of landlord who should speak to NetRent.
Referrals help good landlords find better support
Landlords often trust recommendations from other landlords more than advertising.
That is understandable.
A landlord who has dealt with the private rented sector for years knows that practical experience matters. They know that property is not always straightforward. They know that the cheapest option is not always the best option.
If NetRent has helped you understand your renewal more clearly, challenge your existing broker, check your cover or consider a better option, then another landlord may benefit from the same process.
Referrals help landlords find support that is relevant to their situation.
NetRent understands landlords
NetRent has worked with landlords for 23 years.
We understand rental property, tenant types, portfolios, void periods, loss of rent, sums insured, renewal pressure and the practical issues that can affect landlord insurance.
We do not treat landlord insurance as ordinary household insurance.
We ask landlord-specific questions before the enquiry is passed to Clear’s dedicated NetRent team, because the right cover starts with the right information.
That is why another landlord may benefit from speaking to us before renewal.
Clear brings insurance expertise
NetRent works with Clear Insurance Management because landlord insurance needs both landlord knowledge and insurance expertise.
NetRent understands landlords and rental property.
Clear brings specialist insurance broking expertise, market access and renewal review.
Clear do not simply roll landlord policies forward at renewal. They re-broke landlord insurance to help ensure landlords are getting the best available price and policy for their circumstances.
That kind of review is valuable for landlords who may otherwise renew by default.
The referral does not need to be complicated
A referral can be simple.
If another landlord mentions that their insurance renewal is due soon, suggest they send it to NetRent before they commit.
If they are unhappy with their renewal premium, suggest they challenge it properly.
If they are not sure whether their cover is suitable, suggest they ask NetRent to review it.
If they own several properties, suggest they do not leave the renewal until the last minute.
The message is straightforward.
Do not renew on assumptions.
Help another landlord avoid a poor renewal decision
Insurance is often only tested when something goes wrong.
That is the wrong time to discover that the cover is weaker than expected, the sums insured are wrong, loss of rent is inadequate, tenant type has not been disclosed correctly or unoccupancy conditions have not been understood.
A landlord who is about to renew may not be thinking about those issues.
A referral may encourage them to ask the right questions before it is too late.
That could make a real difference.
Contact NetRent before renewal
If you know another landlord whose insurance renewal is approaching, encourage them to speak to NetRent before they commit.
They can send their renewal to NetRent and let us review what they have been offered.
We will ask the right landlord-specific questions and pass properly considered information to Clear’s dedicated NetRent team so they can see whether a competitive alternative is available.
- They may save money.
- They may improve their cover.
- They may get better service.
- They may discover that their current broker has not been working hard enough for their business.
But most importantly, they will not be renewing on assumptions.
Call NetRent: 01352 721300
Email: insurance@netrent.co.uk
Know another landlord? Tell them to send their landlord insurance renewal to NetRent before they commit.