Global Landlord Insurance
Market Report
2024
As per Cognitive Market Research's latest published report, The Europe Landlord Insurance market size will be $27,770.62 Million by 2028. The Europe Landlord Insurance Industry's Compound Annual Growth Rate will be 7.94% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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As per Cognitive Market Research's latest published report,The Europe Landlord Insurance market size will be $27,770.62 Million by 2028.The Europe Landlord Insurance Industry's Compound Annual Growth Rate will be 7.94% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Landlord Insurance Market Sales Revenue 2028 | $ 27 Million |
Global Landlord Insurance Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 7.94% |
Market Split by Type |
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Market Split by Application |
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Market Split by Time Period |
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Market Split by Distribution Channel |
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Market Split by Provider |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Landlord Insurance Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Landlord Insurance is a sort of homeowner's insurance that protects homeowners against financial losses associated with rental properties. This insurance includes coverage for fire and other dangers, as well as theft and intentional damage.
Several European nations are quickly implementing landlord insurance for their buildings. Property and liability protection are two forms of coverage that are commonly included in insurance policies. Both insurance policies are designed to protect both the landlord and the renters from financial losses.
Damage to property, income replacement, liability insurance, and add-on coverage are all covered by landlord insurance. It assists clients in protecting themselves from financial losses caused by natural catastrophes, injuries, accidents, and other liability concerns.
It also provides payment for lost rent, repairs, and property replacement that are covered by landlord insurance.
Landlord liability insurance, landlord buildings insurance, landlord contents insurance, loss of rent insurance, tenant default insurance, accidental damage insurance, alternative accommodation insurance, unoccupied property insurance, and legal expenses insurance are among the various types of landlord insurance.
In Europe, several online and offline landlord insurance businesses offer solutions for both residential and commercial properties. This landlord insurance might last a lifetime or just a few months.
Several international citizens are now residing in Europe. Landlord's insurance assists them by providing coverage for the properties. Similarly, many European citizens also live overseas, but they may still benefit from the income generated by their investment in European real estate or by leasing out their former house, comfortable in the knowledge that their property is secured by landlord insurance. As a result, landlord insurance is in great demand throughout Europe.
It is said that the best investment is a land investment. Population across the globe follows these proverbs and invest their saving in buying homes. The housing process in European countries were observed at its peak which were derived by the large investors. The institutional investors including private equity and pension funds has raise the houses prices in the European countries. The volume of purchases in Europe hit €64bn (£53bn) in 2020, with about €150bn value of housing stock conservatively estimated to be in the hands of such large investors. According to Preqin private database of investors, Berlin, with €40bn worth of housing assets in institutional portfolios is at top followed by London, Amsterdam, Paris and Vienna.
The data from Berlin’s Free University states that the Europe’s housing has become increasingly attractive asset class for investors owing to near-zero interest rates and cheering regulatory outlines. The data from European central bank shows that the real estate funds in the Eurozone reached €1tn in 2021 in which residential assets are consider as progressively central part. The institutional investors’ residential transactions between 2012 and 2021 was increased in Germany, Denmark followed by Netherlands.
Significant occupancy of residential and commercial properties by institutional investors led to the undersupply of housing across the continent and results in the increasing rental rates. Owing to the chronic undersupply of housing in several European countries, the population of the tenants increases which simultaneously increases the demand of rental properties in Europe. Moreover, the capability of population to purchase house is also decreasing with the increasing annual house prices. The data shows a surge in rents by 16.0 % and house prices by 38.7 % from 2010 to third quarter of 2021 in Europe. The rent and houses price in Europe has increased by 1.2 % and 9.2 % respectively from third quarter of 2021 to third quarter of 2020.
Landlord insurance is applicable to rental properties only. Hence, with the increasing demand of rental properties in Europe is driving the growth of landlord insurance market.
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AXA UK is specialized in offering insurance to millions of customers in the market. The company offers several products in the portfolio such as car insurance, building, tenant, content insurance, travelling, health and landlord insurance.
February 2021
AXA Group engaged in agreement with The Cooperative Bank. This five-year agreement was signed to offer value added insurance service to the bank.
QBE Insurance Group Limited is an Australia based general insurance and reinsurance company. The company provide a broad range of insurance products to personal, business, corporate and institutional customers. The company’s North America headquarter is in New York. The product set spans four major market segments: Alternative markets (third?party distribution including programs), Specialty & Commercial (retail agents and brokers), Crop and QBE Re. The company has presence in 27 countries worldwide. The company has over 11,000 employees.
The company has segmented their products in car & vehicle, CTP, home, business and other insurance. Home insurance includes home & content insurance, landlord insurance and contents insurance. Further, business insurance includes, general liability, commercial motor, professional liability and others.
Top Companies Market Share in Landlord Insurance Industry: (In no particular order of Rank)
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Region and country analysis section of Landlord Insurance Industry Analysis has been segmented into 5 major region such as North America, Europe, Asia Pacific, Middle East & Africa ,and Latin America (along with respective major contributing countries) and provides the revenue share, current trends.
The base years considered for all the estimations by analyzing trends and growth rate will help you gain an in-depth understanding of the conclusions provided in this report. This report also includes figures, graphs, pie charts, tables and bar graphs that explain the data analysis based on current trends at the country level as well as key regions. This research report also focuses on assessing factors such as profit, product price, capacity, production, supply demand market growth rate along with others to create a clear picture on the future prospects of Landlord Insurance market.
The current report Scope analyzes Landlord Insurance Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Landlord Insurance Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Landlord Insurance Industry growth. Landlord Insurance market has been segmented with the help of its Type, Application Time Period, and others. Landlord Insurance market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Most landlord insurance policies provide liability coverage as a basic feature. Landlord liability insurance is a sort of public liability insurance that protects landlords against compensation claims from third parties such as tenants, visitors, and tradespeople. Without landlord liability insurance, owners risk being held accountable for property damage or, worse, facing a personal injury lawsuit and having to pay the legal fees associated with the claim. It does protect them against injury and property damage claims made by the renter
Landlords' Buildings Insurance protects clients against a variety of possible calamities that might impact the rental property, including fires, lightning, storms, floods, and earthquakes, as well as water or oil spills, falling trees, or branches, car collisions, and more. If the property is severely damaged and a rebuild is necessary, landlord buildings insurance can help cover the costs, as well as loss of rental revenue and liabilities.
Landlord contents insurance covers the cost of repairing or replacing household belongings in a rented home if they are damaged or destroyed. It normally covers the property's furniture, fixtures, and fittings, such as refrigerators, mattresses, sofas, rugs, tables, and so on. Landlord contents insurance can help cover the expense of replacing things that have been stolen or destroyed due to a natural disaster such as a fire or flood. It may, for example, cover the expense of replacing a stolen television or a refrigerator/freezer destroyed in a house fire.
Loss of rent insurance protects the clients as a landlord from losing money if the property is rendered uninhabitable due to an insured occurrence such as a fire or flood and the tenants are forced to go. Renter's insurance allows recouping lost revenue. Loss of rent insurance is an optional coverage type that can be added to a landlord insurance policy for a fee. Rent loss insurance allows a landlord to spend their time and resources on addressing repairs and finding new tenants. This can also encourage landlords to make necessary repairs and improvements to their properties, as they will still get paid even if the home is unusable
Landlord protection is commonly known as tenant default insurance, also known as "rental default insurance". If the renters are unable to pay their rent, it may be able to cover the income generated by the property. Renter Default Insurance is guaranteed by one of the world's leading insurers and can frequently be passed on to the tenant or used as a tax credit. It has various advantages, including safeguarding investment returns and lowering company risk.
Accidental damage insurance can assist cover the expenses of repairing or replacing items that have been damaged or destroyed in the house as a result of an accident. It is normally available as an add-on to the possessions insurance policy for a charge. Accidental damage typically occurs when a ball is kicked through a window or a nail is driven through a water pipe while attempting to hang a picture. Accidental damage insurance provides peace of mind since it provides more comprehensive coverage.
If the home becomes uninhabitable due to a flood, fire, or subsidence, alternative accommodation insurance can help to find a new place to live. The insurance should protect customers until the property is fixed, so the clients are not stranded. It comes in if the home is rendered uninhabitable due to floods, fire, subsidence, storm damage, water damage from burst pipes, unoccupied property insurance, or legal fees insurance.
Unoccupied house insurance protects customers if they leave the home unoccupied for a longer period than the usual policy allows. Unoccupied property insurance covers a wide range of properties, including residential homes and flats, modest business properties, and even vacant land.
Landlord legal expenses insurance is an add-on to the landlord policy that can purchase. It can offer coverage for legal fees incurred as a result of problems with the rental property, such as legal action and court hearings. It can also pay legal fees if someone accuses the client of failing to meet their legal commitments to renters. Landlord Legal Expenses Insurance provides with peace of mind that can recover rent, remedy damages, remove disruptive tenants without fear of personal financial loss, avoiding incurring unnecessary legal expenses in the case of a disagreement
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A residential landlord coverage protects customers against risks associated with renters residing in the property. It provides particular protection for the rental property, such as current hazards for renters and landlord insurance, as well as contents insurance and alternative lodging. A residential landlord policy can cover things like fire, floods, and even vandalism, as well as landlord liability and rent loss.
Commercial Landlord Insurance is ideal for landlords that rent out commercial properties or own a mixed portfolio of commercial and residential properties. Commercial property insurance policies for landlords often include buildings coverage as well as incidental damage coverage for things like a damaged window or a leak that destroys the interiors. Many landlords prefer to provide content insurance in case the furniture or other belongings are damaged, lost, or stolen.
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The majority of the time, a property is a long-term investment that appreciates over time. So, several people prefer to put their money into real estate. For a lifetime, landlord insurance provides a lifetime warranty on allowed property repairs. A landlord can be compensated if he loses money collecting rent during the renovation process or other activities during the building's lifetime.
Term insurance may cover homeowners who rent out their principal homes only occasionally for short periods. Insurers often regard property owners who rent out their principal house regularly for short periods to be business owners. As a result, regular homeowners' insurance plans do not often protect these property owners. They must instead obtain a business insurance policy to meet their coverage requirements.
Several landlord insurance providers now offer coverage that may be purchased online. Clients may easily purchase landlord insurance based on their requirements and preferences due to the widespread use of smartphones and other devices. Several insurance providers frequently offer discounts for plans purchased online
Offline landlord insurance refers to purchasing plans through local agents or visiting the insurance company's nearest branch office. Clients who choose this option work with agents who can assist them in picking the best plans for their requirements.
There is a plethora of private landlord insurance providers in the industry. These businesses offer their products or services through agents or their app or website, allowing them to get a foothold in the market. To entice clients, some private insurance companies provide additional perks.
The government frequently runs public landlord insurance businesses. Landlord insurance plans given by the government are frequently offered at a cheap cost and are heavily reduced by the government. These services are mostly pitched toward low-income persons and families.
Research associate at Cognitive Market Research
Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
Swasti an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
In her current role, Swasti manages research for service and software category, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With an expertise in market research analysis, She is adept at dissecting complex problems, extracting meaningful insights, and translating them into actionable recommendations, Swasti remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Landlord Insurance Market is witnessing significant growth in the near future.
In 2023, the Landlord liability insurance segment accounted for noticeable share of global Landlord Insurance Market and is projected to experience significant growth in the near future.
The Residential segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies AXA S.A. (France), NRMA Insurance (Australia) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type | Landlord liability insurance, Landlord buildings insurance, Landlord contents insurance, Loss of rent insurance, Tenant default insurance, Accidental damage insurance, Alternative accommodation insurance, Unoccupied property insurance, Legal expenses insurance |
Application | Residential, Commercial |
Time Period | Life Insurance, Long-Range |
Distribution Channel | Online, Offline |
Provider | Private, Public |
List of Competitors | AXA S.A. (France), Allianz SE (Germany), NRMA Insurance (Australia), QBE Insurance (Australia), Travelers Insurance (United States), AAMI (United States), GEICO (United States), Halifax (United Kingdom), State Farm (United States), Safeco (United States), Westpac (Australia), Swinton Insurance (United Kingdom), Aviva Plc (United Kingdom), Cardinal Health (United States), Munich Re Group (Germany), Prudential Financial (United States), Asahi Mutual Life Insurance (Japan), Sumitomo Life Insurance (Japan), New York Life Insurance (United States), Swiss Reinsurance (Switzerland) |
This chapter will help you gain GLOBAL Market Analysis of Landlord Insurance. Further deep in this chapter, you will be able to review Global Landlord Insurance Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by Time Period Analysis 2019 -2031
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Chapter 13 Market Split by Distribution Channel Analysis 2019 -2031
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Chapter 14 Market Split by Provider Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Landlord Insurance market
Chapter 15 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Landlord liability insurance have a significant impact on Landlord Insurance market? |
What are the key factors affecting the Landlord liability insurance and Landlord buildings insurance of Landlord Insurance Market? |
What is the CAGR/Growth Rate of Residential during the forecast period? |
By type, which segment accounted for largest share of the global Landlord Insurance Market? |
Which region is expected to dominate the global Landlord Insurance Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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