Properties less protected as corners cut to save money
David Grant, group portfolio director at RSA says landlords are cutting insurance cover to protect just one year of unpaid rent, the FT reports.
“Basic requirements still don’t change – they still want their assets protected and their income streams protected,” he says. “But where people might previously have protected rental revenues for 24 or 36 months, they are now cutting back to just 12 months.”
Bernard Mageean, managing director of property at QBE, says rates have been declining since 2004-05. Landlords are cutting non-essential cover and taking higher deductibles.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
