AXA warns 1 in 4 'accidental landlords' are not adequately covered
Research carried out by AXA Business Insurance reveals that 25% of landlords have either no or the wrong type of insurance policy in place.
Data also concluded that many of the policies purchased were for regular cover and not a commerical business policy.
MD of AXA Business Insurance, Daniel Samson, urged insurers to ensure that the appropriate questions were asked when landlords are buying this type of policy as insuring a property rented by a tenant was an entirely different proposition than insuring your own home.
In July 2012 the AXA Commercial Lines and Personal Intermediary businesses came together to form a new single organisation – AXA Commercial Lines and Personal Intermediary.
The business offers brokers a more integrated and consistent approach from AXA which is focussed on their needs as a business – whatever the product. AXA Commercial Lines & Personal Intermediary provides underwriting expertise, offering a range of commercial lines and personal lines products and insurance solutions to our brokers and customers. AXA Commercial & Personal Intermediary is part of AXA Group, a worldwide leader in insurance and asset management serving 101 million clients
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