If you are the landlord of an HMO (House of Multiple Occupancy) then you will know how hard it is to find a policy that fits your requirements at a reasonable cost. A lot of insurers are put off by this type of insurance as they feel the risk is too high but at Herald we deal with some of the leading insurers on the market for this type of policy. We are able to negotiate great rates for your HMO due to the strong relationships we have with the insurers we use for these types of risks. We are able to drive down the cost of your policy by presenting your property as an attractive risk to our insurers who will then be keen to write the business, and as we deal with several insurers for this type of policy this adds extra competition for insurers to obtain the business thus driving the cost down even more, and you haven’t got to worry about your HMO property being properly covered as the insurers we use are specialists for HMO risks and tailor policies to suit the needs of each individual client. We will gather all the necessary information from you to ensure that we obtain an accurately written quotation from our panel of insurers which will mean you will be properly covered.
The most important thing to consider when insuring your HMO is the cost to rebuild the property from scratch in the event of a fire for example and also the amount of rent you would lose as a result.
Our insurers are able to quote for HMO properties in any area of the UK and for all types of tenants including professionals, DSS/ housing association, students and asylum seekers. They can also offer benefits in addition to the standard policy cover such as landlord’s contents, legal protection and rent guarantee.
Another benefit of our HMO policies is that all of the insurers we use also have a first class claims service to ensure any claim you need to make is dealt with smoothly and efficiently and we are also here to help you should you have any issues or queries.
Give us a call today to see if we can help you find a better policy for your HMO. Alternatively complete the call-back request form on our website and one of our staff will get back to you to take your details shortly.