HMO Insurance

HMO Insurance by Prosura

Whether you own a small, single HMO or a large portfolio, our HMO insurance solutions are designed to protect your investment and provide peace of mind.
As specialists in the industry, we offer hassle free access to insurance coverage options tailored specifically for HMO landlords and property owners. When it comes to your insurance requirements, we’ll do the work for you.

Prosura – because you have better things to do.

What is HMO insurance?

HMO insurance (an abbreviation of House in Multiple Occupation insurance) is a specialised, non standard property insurance policy designed to protect landlords and property owners who rent their properties to multiple tenants. The website says that a property qualifies as an HMO if both of the following conditions apply:

• At least 3 tenants live there, forming more than 1 household
• Bathroom, toilet or kitchen facilities are shared

HMO’s are regarded by the insurance industry as high risk, and it’s likely that a standard Landlord insurance policy won’t offer the protection that you need in place.

What does HMO insurance cover?

Our HMO insurance policies are specifically crafted to cover a range of risks associated with HMO properties. Here are some key areas of coverage typically included:

1. Building Insurance: Protect your HMO property’s structure against risks such as fire, floods, storms, and subsidence.
2. Landlord Liability Insurance: Safeguard yourself against legal and financial repercussions if a tenant is injured on your HMO property.
3. Landlords Contents Insurance: Cover your HMO property’s contents, including furniture, appliances, and fixtures, against theft, damage, and loss.
4. Loss of Rent: Compensation for loss of rental income due to insured risks, such as property damage or tenant displacement.
5. Legal Expenses: Coverage for legal costs incurred in resolving disputes with tenants or defending your position as an HMO landlord.

How much does HMO insurance cost?

We hate this question – but we do understand the importance of cost efficiency without compromising on coverage. The cost of HMO insurance can vary depending on various factors such as the size of the property, location, number of tenants, and the level of coverage required. To get a personalized quote, simply fill out our online form or call our broking experts who will be happy to discuss your specific requirements.

As an HMO landlord, you have unique risks and responsibilities that require specific coverage. HMO insurance provides the necessary protection to mitigate the financial impact of unforeseen events and liability claims.

Why choose Prosura to buy HMO Insurance?

Make your life easier and your property business more successful with Prosura’s HMO insurance options. Our team of experts is here to help you run your business smoothly and give you friction free access to the best insurance solutions on the market.

Plus, our PROSURA Digital Lawyer gives you free access to a 24/7 Digital Law Service, to create tailored legal documents such as Tenancy Agreements, and Leases, that could save you hundreds of pounds each year.
Contact us today to get started!

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