About Landlord Insurance
Landlord insurance is a policy for someone who rents out a home they own. This type of insurance includes property and liability protection. Both coverages are intended to help protect the landlord, from financial losses. Landlord insurance usually includes buildings and contents insurance, but can also include landlord-specific covers such as property owners' liability, loss of rent, and tenant default insurance.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Landlord Insurance market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
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) and Swiss Reinsurance (Switzerland) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Meiji Life Insurance (Japan), Aetna (United States), Dai-ichi Mutual Life Insurance (Japan) and Aegon Life Insurance Company (India).
Segmentation Overview
AMA Research has segmented the market of Global Landlord Insurance market by 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 and Others), Application (Residential and Commercial) and Region.
On the basis of geography, the market of Landlord Insurance has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Landlord Insurance market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Time Period, the sub-segment i.e. Life Insurance will boost the Landlord Insurance market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Provider, the sub-segment i.e. Private will boost the Landlord Insurance market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Use of Mobile Technology and Applications and Development of New Offers and Schemes by Insurance Companies
Market Growth Drivers:
Need for Landlord Insurance for Protection from the Loss that may Result from Damages to a Rental Property Due to Fire, Break-in, Severe Weather and More and The Flexibility of Managing an Investment
Challenges:
Longer Time for Claim Reimbursement
Restraints:
Stringent Government Rules and Regulation Relating to Insurance Policies
Opportunities:
Rise in Awareness Among Consumer-Related to Landlord Insurance And Its Benefits and Potential Growth Opportunity in Emerging Countries
Key Target Audience
Landlord Insurance Provider, Government Agencies, Commercial Research & Development Institutions, Government Organizations, Research Organizations, and Consulting Firms, Trade Associations and Industry Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.