Investor landlords can benefit from a partnership claiming to cut the soaring cost of insurance.

Rental management app August has teamed with insurance platform Fruga to give landlords using the app a link to allow them to purchase, track and manage insurance policies.

August allows rent tracking, compliance checklists, document storage, maintenance, reminders and an AI property.

Once onboarded to Fruga via the August app, landlords earn cashback on spending at participating retailers. That cashback is automatically allocated to reduce future insurance premiums.

Eventually, insurance policies and savings will sit alongside rent tracking, documents, compliance and reminders inside August, giving landlords a single place to manage property finances.

Ross McCarthy, chief executive of Fruga, says: “Insurance is a big, often painful item for landlords. With August, we’re connecting directly with the people who feel that pressure most. Together, we can help landlords keep the right protection in place, while using their everyday spending to quietly chip away at those costs in the background.”