HMO
Insurance

What is HMO Insurance?

HMO Insurance is specialist cover designed for landlords who rent out Houses in Multiple Occupation. Unlike standard landlord insurance, HMO policies provide protection against the unique risks of renting to multiple tenants under separate agreements, ensuring cover for property damage, liability claims, and loss of rent.

For professional landlords, property investors, and letting agents, HMO Insurance is essential to protect your property, income, and liabilities.

Who Needs HMO Insurance?

If you own or manage an HMO, specialist insurance is crucial to protect your investment. This includes:

• HMO Landlords – Owners of shared houses, student accommodation, and multi-tenant properties.
• Portfolio Landlords – Those managing multiple HMOs or rental properties.
• Letting Agents – Managing HMOs on behalf of landlords.

Why is HMO Insurance Important?

Standard landlord insurance often doesn’t cover HMOs. Without specialist cover, you could be exposed to significant financial losses if something goes wrong.

Common risks covered by HMO Insurance include:

• Property Damage – Protection against fire, flood, storms, and tenant-related damage.
• Loss of Rent – Covers lost income if your property becomes uninhabitable due to an insured event.
• Landlord Liability – Covers legal fees and compensation if a tenant or visitor is injured on your property.
• Alternative Accommodation – Covers rehousing costs for tenants if the property is uninhabitable.

What’s Covered in HMO Insurance?

HMO Insurance policies typically include:

• Buildings Insurance – Protection for structural damage and repairs.
• Landlord Contents Insurance – Covers furnishings in common areas.
• Landlord Liability – Protects against tenant injury claims.
• Loss of Rent – Compensation for rental income loss due to insured events.
• Malicious Damage Cover – Protection against intentional damage by tenants.

What’s Not Covered?

• General wear and tear of the property.
• Non-payment of rent (unless rent guarantee cover is included).
• Tenant negligence (unless covered under an optional add-on).

Additional Cover You May Need

Depending on your HMO, you may require additional cover such as:

• Rent Guarantee Insurance – Covers unpaid rent if tenants default.
• Landlord Legal Expenses – Protection for legal costs in disputes with tenants.
• Home Emergency Cover – 24/7 assistance for boiler breakdowns, plumbing issues, and more.
• Multiple Property Insurance – Simplifies cover if you own multiple HMOs.

At Insurably, we have access to 100’s of insurer markets, ensuring that no matter how complex your HMO is, we know where to find the right cover for you.

Start your quote online, and rest assured that we’re working hard to match you with the best insurer, protecting your investment and tenants.