Landlord insurance for multiple properties

How landlord insurance works across several properties

If you let out more than one home, you can either buy a separate landlord policy for each address or fold them all into a single portfolio (multi-property) policy. A portfolio policy covers every property under one master schedule with one renewal date, and insurers usually price it 15–30% cheaper per property than standalone cover, because there is one account to administer and the risk is spread across the whole book. Most insurers treat a portfolio as roughly five properties or more, though some accept as few as two; single multi-property policies commonly stretch to 10–15 rentals online and up to about 50 through a broker.

The headline cost still depends on each building — a plain semi-detached might be under £200 a year for buildings-only cover, while a five-bed licensed HMO with full cover can run £800–£1,500. Bundling them does not erase those differences, but it does cut the paperwork and the per-property loading. For the full cost breakdown, see our pillar guide on how much landlord insurance costs in the UK in 2026.

What a multi-property landlord policy should include

A portfolio policy bundles the same building blocks you would buy per property, applied across every address on the schedule:

• Buildings insurance — the structure against fire, flood, storm, escape of water, subsidence and malicious damage; usually required by any buy-to-let mortgage.
• Property owners’ liability — typically £2m–£5m if a tenant or visitor is injured because of the property.
• Loss of rent — pays the rent while a property is uninhabitable after an insured event such as fire or flood.
• Contents cover — for furnishings you provide, most relevant in furnished lets and HMOs.
• Rent guarantee & legal expenses — covers arrears and possession costs; more valuable in 2026 now that Section 21 has gone and Section 8 possession takes longer.
• Unoccupied property cover — standard policies restrict claims once a home is empty beyond a few weeks, so void and refurb periods need an extension, often adding 25–50%.

Who needs multi-property cover

It suits anyone letting two or more homes who wants one renewal date and a lower per-property cost — buy-to-let landlords growing a portfolio, HMO operators, and owners mixing houses and flats. If your rentals renew on scattered dates, aligning them onto one schedule at the next renewal is usually the simplest way to unlock the portfolio discount. Protecting rental income specifically? See income protection for cover on your own earnings.