What is an HMO property?
HMO stands for ‘house in multiple occupancy’. A property is classed as an HMO when at least three people who are not from the same household live together and share communal facilities such as a bathroom and/or kitchen. A household includes families, relatives, and people who are in a relationship. HMOs are more commonly referred to as ‘house shares’, though they can also include bedsits and student accommodation properties.
What is HMO landlord insurance?
HMO landlord insurance protects against the increased risk involved with letting houses in multiple occupation. House share properties can be more prone to wear and tear, and if you’re renting to students, the stereotype is that students will host more parties, which could result in accidental damage.
Taking out specialist landlord insurance for HMO properties will help protect your property against the unique risks involved with owning and managing a house in multiple occupancy.
Why choose Adrian Flux for landlord HMO insurance?
Our affordable landlord insurance for HMO tenants can be tailored to your needs, and our HMO insurance is never beaten on price. Cover can include:
- Cover for all types of properties and portfolios
- Liability cover available for property owners
- Discounts for alarms and security locks
- Home emergency and boiler cover
- Cover for unoccupied properties
- Options for paying in instalments
How much does HMO landlord insurance cost?
Although HMO properties come with their own unique set of risks, they can also be less risky in some respects. For instance, having multiple occupants means that the risks involved with rental non-payments are more spread out. Even if one tenant defaults on their payment and goes into rent arrears, you’ll still get rent from the other occupants.
At Adrian Flux, we work on a case-by-case basis, listening to your circumstances and providing a quote that truly reflects the risks involved. As a result, we’re often able to offer low-cost landlord insurance for HMO properties.
We compare quotes so you don’t have to
Speak to us now and we can compare HMO landlord insurance quotes – perfect if you’re fed up of filling in endless online forms, only to receive quotes that don’t truly reflect your situation.
Landlord Legal Protection + Rent Guarantee
Keycare for Landlords
Home Emergency Cover