HMO Insurance
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What is an HMO Property?
A House in Multiple Occupation (HMO) is a rental property where three or more tenants from different households share common facilities such as a kitchen, living area, or bathroom. If a property is rented to five tenants or more, it is classified as an HMO and requires a specific HMO licence from the local authority. Student buy-to-let properties are an example of an HMO, which typically involves five or more people under one roof.
What is HMO Landlord Insurance and Who Needs It?
HMO landlord insurance is a specialist insurance policy designed to protect landlords renting to multiple tenants under separate tenancy agreements. Standard landlord insurance policies often do not provide the right cover for houses in multiple occupations due to the increased risks associated with multiple occupants.
This insurance is important for:
- Landlords renting properties with multiple tenancy agreements
- Property owners letting student accommodations or housing DSS tenants
- Landlords with multiple properties seeking one renewal date for their policies
- Investors converting properties into HMOs and requiring insurance cover
Without the right HMO insurance cover, landlords could face significant financial losses, liability claims, and legal expenses arising from an insured event.
SURANCE
What Does Our HMO Insurance Cover?
Buildings Insurance
- Covers the structure of your HMO property against fire, flood, storm damage, and accidental damage.
- Ensures compliance with mortgage lenders’ requirements for rental property.
Contents Insurance
- Covers the structure of your HMO property against fire, flood, storm damage, and accidental damage.
- Ensures compliance with mortgage lenders’ requirements for rental property.
Loss of Rent
- Provides rent cover if the property becomes uninhabitable due to an insured event.
- Includes rent guarantee insurance to safeguard rental income if tenants default on payments.
Liability Insurance
- Protects landlords against legal claims if a tenant or visitor suffers injury or property damage.
- Includes legal fees associated with claims or disputes with tenants.
INSURAN
Why Choose Addison Bradley for HMO Insurance?
With over 30 years of experience, Addison Bradley is a trusted insurance provider for landlords across the UK. Our specialist insurance policies offer tailored cover, giving HMO Landlords peace of mind. Our commitment to landlords ensures that your property, tenants and rental income remain protected against unexpected events.
- Competitive landlord insurance cost with flexible payment options
- Expert advice on HMO property insurance and related insurance needs
- Fast and hassle-free claims handling
- Comprehensive protection including alternative accommodation cover and property maintenance cover
Trusted Choice
Client Testimonials: What Our Customers Say
See firsthand the experiences of our satisfied clients and learn why they trust us to protect their interests. From seamless service to tailored solutions, find out why Addison Bradley is the name they rely on for peace of mind.
FAQs
HMO Landlord Insurance FAQ
INSURAN
What is an HMO?
An HMO (House in Multiple Occupation) is a property rented to multiple tenants who are not from the same household and share facilities such as a kitchen or bathroom.
How much does HMO insurance cost?
The landlord insurance cost for an HMO property varies based on factors such as location, number or tenants, property size, and level of insurance cover required. Contact us at 020 7355 1616 for a consultation or quote.
What insurance do you need for an HMO?
HMO landlords need a specialist insurance policy covering building insurance, contents insurance, liability insurance, and rent guarantee insurance. Standard landlord insurance policies may not provide the right insurance.
What other property insurance do you offer?
We offer a range of landlord insurance policies including unoccupied property insurance, residential landlord insurance, commercial landlord insurance and commercial property insurance.
Can I convert a property into an HMO?
Yes, but you must check with your local authority for licensing requirements. You will also need specialist HMO insurance coverage to protect your property, tenants, and rental income.