Assurant Intermediary launches landlord cover with Modus

Assurant Intermediary has partnered with digital insurance provider, Modus Underwriting, to launch a landlord product, designed to provide full cover for unoccupied property at outset.

Unoccupied properties at the outset can usually only be insured for FLEEA (fire, lightning, earthquake, explosion, aircraft) cover. The Modus policy offers full cover at outset as an option, which includes storm/flood, theft or attempted theft and malicious damage. It also contains identity fraud cover.

Head of Assurant Intermediary, Richard Miles said: “We are delighted to have found a partner in Modus to grow our panel of Landlord insurers. Their product has the features we know advisers are looking for which meets the needs of today’s landlord”.

Founded in 2015, Modus is an insurtech MGA that focuses on the property sector.

The firm’s managing director at Modus, Scott Banks added: “The landlord market is a key area of growth for us and we believe that we have a quality product to offer Assurant advisers, introducers and their customers. Joining the Assurant panel represents a significant development in our strategy, and we’re pleased to have established a strong working relationship with the Assurant team.”

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