Coversure Hull – Hull’s leading independent insurance brokers – is delighted to announce the launch of a new property division. This new arm of the business has been created in response to a surge in demand from both landlords and private home owners and reflects the region’s ongoing property boom which has seen house prices rise by 26% in the last year.
Hull: The UK’s Latest Property Hot Spot
Since being named UK City of Culture in 2017, Hull has experienced a renaissance and its property market has never been more popular. Driven by a surge in private investors and first-time landlords, rental properties in the city are reaching record highs with a 6% increase in returns in 2017 and average rents of £486 per calendar month – 5.4% higher than the UK’s average.
A New Property Service From An Experienced Team
Since its establishment in 2005 by local businessman and current Managing Director Andy Price, Coversure Hull have grown to be of one East Yorkshire’s leading insurance brokers. Andy now employs a team of 8 and by moving further into the property market he hopes to further expand his team of insurance professionals.
Commenting on this latest development, Andy said;
‘I’m really excited about the launch of our expanded property service. As a local man I’m passionate about Hull and I’m delighted that more and more people are wanting to make the city their home. We’ve worked in the local property insurance market for some years now and the recent explosion in demand means we can now realise our ambitions to grow that side of the business and hopefully create some new employment opportunities to boot.’
About Coversure Hull
Coversure Hull was established in 2005 and quickly gained a reputation within the motor fleet, commercial and business insurance sectors. From their offices in Hessle on the banks of the Humber, the eight-strong team offer both friendly advice and exceptional cover to businesses and private individuals alike.