A single policy covering your entire rental portfolio — simpler administration, stronger protection, and economies of scale for multi-property landlords.
In standard insurance, each property carries its own scheduled limit — the policy pays up to that exact amount for that specific building. If one property is over-insured and another is under-insured, you cannot shift coverage between them after a loss.
A blanket policy sets a single total insured limit across all locations in your portfolio. After a loss at any one property, the full blanket limit is available to respond — the policy does not care that the damaged property had a lower scheduled value than others in the portfolio. This flexibility is especially valuable when property values fluctuate, when you are actively buying or selling, or when your portfolio spans multiple building types and vintages.
Example: You own five rowhouses, each scheduled at $500,000, for a total portfolio value of $2,500,000. A fire destroys one property that was underinsured at $500,000 but whose true replacement cost is $650,000. Under a blanket policy with a $2,500,000 limit, the full replacement cost of $650,000 can be paid — the unused capacity from the other four properties is available.
When you purchase a new property, it is automatically covered under the blanket policy for up to 90 days — giving you time to report the acquisition and adjust the total insured limit without a coverage gap. You do not need to bind a separate policy on the day of closing.
Instead of renewing six, ten, or twenty separate policies with different anniversary dates, a blanket portfolio policy has a single renewal date, a single premium, and a single set of documents. Your time dealing with insurance paperwork drops significantly, and it is easier to negotiate terms with a single underwriter who has visibility across your whole portfolio.
Underwriters price single-property policies to account for the worst-case scenario for that one building. A portfolio of well-maintained properties across multiple locations gives the underwriter a diversified risk — a catastrophic loss at one location is less likely to exhaust the whole limit. This actuarial benefit is reflected in lower per-unit premiums compared to insuring each property individually.
Blanket Portfolio Insurance is available for landlords owning three or more residential or mixed-use properties. A portfolio valuation and schedule of locations is required at binding. Please contact us to discuss whether a blanket structure is suitable for your portfolio.
Download Product Prospectus
⇩ Blanket Portfolio Insurance — Prospectus (PDF)