First2Protect has launched a revamped landlord insurance product in collaboration with Modus, the insuretech managing general agent, in a move that will broaden its proposition for landlords.
The new product marks a significant expansion of the ‘Your Let’ proposition and introduces wider acceptance criteria and more competitive pricing, supported by Modus’ data-led underwriting model.
The product is available via both broker portal and referral channels, enabling advisers to secure cover for a broader spectrum of clients, including those who might previously have required specialist referrals.
Cory Knowles, schemes executive at First2Protect, said: “This partnership is a major step forward in our commitment to providing our intermediary and affinity partners with flexible, competitive solutions. Modus’ tech-led approach and underwriting agility allow us to serve a wider range of landlord clients and reduce the need for specialist referrals—ultimately improving the experience for advisers and their customers.”
WIDER COVER
Among the key changes are improved acceptance for high-risk occupations and properties with complex characteristics such as asbestos construction or significant age. Cover is now available for barn conversions and older buildings dating back as far as 1700, as well as homes undergoing works up to the value of £50,000.
All policies now include £5,000 of landlord’s contents cover as standard, and insurance is available for unoccupied properties – a common obstacle for landlords with transitional or seasonal voids.
