House of multiple occupation (HMO) insurance
If you're a landlord who rents houses of multiple occupation, your property needs a specific HMO insurance policy which differs from a standard landlord insurance policy.
Our friendly advisors can guide you through the different insurance options available to ensure you and your investment are fully protected.
Did you know?
- If you use standard landlord insurance or home insurance to protect your HMO, the cover is likely to be invalid, leaving you and your investment financially at risk.
- HMO insurance presents a considerably higher risk: there is a greater chance of damage to the property and/or contents and a greater chance of a tenant claiming against you for loss or injury caused by being on your premises. As a result, when it comes to providing the necessary cover for landlords, it can be difficult to find competitive cover or in some cases even get cover at all, making it even more important to talk to a sector-experienced insurance broker like Insure Line.
- Malicious or accidental damage to a property by a HMO tenant usually requires additional cover.
- It is possible for a HMO insurance policy to cover periods during which rent can't be collected due to an ongoing claim on your policy. For example, if damage has occurred to the property due escape of water, fire or storm damage and your tenants are unable to inhabit the building, a HMO insurance policy could cover the loss of rent while repairs are carried out.
- If you have more than one HMO property, it may be possible to insure them on one policy which might save you money and simplify your annual policy renewal process.
Why choose Insure Line?
- Friendly insurance professionals with over 30 years of experience in the property sector.
- UK-wide immediate cover is available over the phone.
- We have access to a wide range of specialist insurers that you won't find on price comparison sites.
- Our long-standing relationships with top insurers means we can pass on savings to our customers.
- No one wants to make a claim, but in the unfortunate event that you do have to, our dedicated claims handlers will keep you updated at every stage of the claims process.