29 October 2024 - Addept Insurance Services (Addept Insurance) has today announced an exclusive broker distribution deal with Title Guardian, a 24/7 digital anti-fraud property and identity monitoring tool.
Addept Insurance is offering Title Guardian as part of its growing landlord ancillary insurance portfolio. Title Guardian uses a combination of online and offline sources to alert landlords if their registered property is being listed for sale, rented, mortgaged by a lender, registered against a company, or if there is any application lodged with HM Land Registry to change the title register.
Brokers will be able to provide their private landlord clients with the service on an individual or portfolio of properties basis. As a non-regulated service brokers can offer it alongside underlying property and contents coverage. The exclusive distribution deal means competitive rates and potential business development and customer retention benefits for brokers.
Richard Finan, Managing Director, Addept Insurance, said: “We see an increased level of interest from brokers for added-value products and services for their landlord clients. Title Guardian offers landlords increased control of some uninsured areas of property risk.”
John Daw, Chief Executive Officer, Title Guardian, said: “Rental portfolios are vulnerable to fraud from unauthorised sub-letting or tenants using the property for business purposes, to the criminal offence of title fraud. The potential for protracted legal disputes or issues with lenders all have a direct impact on landlords’ assets and income.
“Partnering with Addept Insurance enables us to leverage their knowledge and experience of working with brokers to provide them with a valuable tool that directly addresses an uninsured risk for their for their landlord clients.”
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