The latest update from Prestige and Source for you;
Prestige Underwriting has joined the Source Insurance Landlord panel as the first underwriter of its 5-Star Defaqto rated Residential Landlord Insurance product.
It is the first common-worded product on the Source Landlord panel and represents an important step in broadening choice for advisers in the landlord sector.
The partnership comes at a significant time for the lettings market as landlords prepare for changes under the Renters’ Rights Act.
The Residential Landlord Insurance product includes Legal Expenses cover as standard, with Rent Guarantee available as an optional add-on to provide landlords with valuable protection and peace of mind in an evolving market.
As an award-winning MGA, Prestige Underwriting is widely recognised for its expertise and brings both its specialist underwriting capability and strong market experience in non-standard home insurance to the Landlord panel.
Jonathan Pinkerton, Insurer Relationship and Finance Director at Source, said:
“This marks a further strengthening of our ongoing relationship with Prestige Underwriting, who have been a valued partner on our Household Insurance panel since November 2023.
“We are delighted to expand that partnership into the landlord sector, particularly at a time when landlords across the UK need access to high-quality, flexible insurance solutions more than ever.”
Tim Baxter, Business Development and Relationship Director at Prestige Underwriting, added:
“We have built a strong relationship with Source through its household panel and are very pleased to extend that partnership into landlord insurance. Source understands the needs of advisers and has created a straightforward way for them to access a product that combines comprehensive core cover with the flexibility to meet different landlord requirements.
“Prestige has always believed that partnership is the best policy. Working closely with Source allows us to combine our specialist property underwriting expertise with its strong adviser relationships, helping more landlords access cover that meets their needs.”
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