Do You Have The Right HMO Landlord Insurance?

HMO landlord insurance

At Higos, we understand that finding the right cover for your HMO property (Houses of multiple occupancy) is as important as finding the right tenants. With over 30 years knowledge and expertise our dedicated team can provide bespoke HMO insurance required for landlords who have HMO properties with three or more unrelated tenants in one household sharing common facilities. We can also include cover for HMO's if they have a large HMO property with 5 or more tenants sharing common facilities. That’s why we’ll never try and sell you a one-size-fits-all solution but tailor a policy to your exact requirements.

Do I need a HMO License?

If a property is considered a large HMO with 5 or more tenants sharing common facilities, landlords will have specific obligations.

  • They will require a license from the council. (This will cost money)

  • If a license isn’t obtained by a landlord with 5 or more tenants they can be fined and ordered to repay up to 12 months' rent or repossess their property.

Important HMO property questions to remain compliant.

  • Is there a good level of tenant vetting?

  • Have guarantors been used?

  • Background checks been made by the landlord or agency?

  • Has the landlord received written references?

  • Is the property regularly inspected by the landlord or agent?

  • Are electrics and boilers inspections up to date?

  • Are fire risk assessments up to date?

  • Is there any cooking in the bedrooms?

  • Checked minimum room size

  • Landlords contact details in a visible communal area

  • Comply with the local authority’s waste storage and disposal scheme

Additional HMO building insurance cover we can provide

We can also provide cover to include the following:

  • Accidental damage cover

  • Malicious damage by tenants

  • Property owners liability

  • Employers liability

  • Loss of rent

  • Alternative accommodation

For advice you can count on, award-winning underwriting and exceptional claims management all tailored to you, it has to be Higos.

If you’re interested in speaking to a chartered insurance broker for a HMO landlords insurance quotation call 01458 270323. Alternatively fill out our online request a callback form and a member from our specialist HMO landlords insurance team will call you back.

Get in touch

Give us a call on 01458 270323 if you have any questions or click the 'request a callback' button.