Addept Insurance Services has announced an exclusive distribution agreement with Title Guardian, a digital property and identity monitoring tool designed to protect landlords against fraud.
Under the partnership, Addept says that it will offer Title Guardian as part of its range of landlord ancillary insurance products.
Title Guardian provides 24/7 monitoring through a combination of online and offline data sources, alerting landlords if their registered property is listed for sale, rented, mortgaged, registered against a company, or if any title changes are filed with HM Land Registry.
Addept highlights this service as tailored for private landlords and it can be applied on an individual property basis or across a portfolio.
The exclusive broker distribution arrangement also allows brokers to include Title Guardian as a non-regulated service alongside traditional property and contents insurance, which the company says offers competitive rates and potential benefits for client retention and business development.
Richard Finan (pictured above), managing director of Addept Insurance, highlighted increasing broker demand for value-added products, noting that Title Guardian “offers landlords increased control of some uninsured areas of property risk.”
John Daw, CEO of Title Guardian, also noted that rental properties face risks from unauthorised sub-letting, business use by tenants, and title fraud, which can lead to legal disputes and issues with lenders.
“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,” Daw said.
In September, Addept also announced a new product distribution partnership aimed at supporting brokers and intermediaries in partnership with All Broker Services.
The partnership follows ABS’s recent acquisition of Sparta Insurance Services’ book of business and will see Addept Insurance’s products made available to the combined broker client base of 450 UK firms.
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