Blog

House of Multiple Occupation Bandwagon

December 9, 2013 HMO Property Insurance

If you’re letting out a property to tenants who aren’t related to one another, the property may be classed as a house in multiple occupation.

Many landlords and property developers alike appear to be jumping on the HMO bandwagon given the lure of receiving multiply rent payments per month. If run correctly letting your property on a HMO basis can be very profitable, however it is imperative to understand the responsibilities that come with converting your property to that of a house of multiple occupation. Read More

Fetish Shop Insurance

December 5, 2013 Goldcrest Insurance

With the ever increasing number of Adult shop insurance, Fetish shop insurance and Sex shop insurance enquiries we receive, it seems only sensible that we address the subject to our adhering followers.

To the outside world the prospect of discussing anything with the words “Fetish” or “Sex” in the occupation seems like a shady, uncouth subject, not to be murmured in the public domain – but in the words of Edward Bernays “sex sells”, and where there is a demand there is a need – and this is an area of insurance in which we are extremely competitive on. Read More

HMO Changes in Bath and Somerset

December 2, 2013 HMO Property Insurance

It is anticipated that more than 1000 HMO applications will be sent in by the end of the year, after which a license will be needed for HMO’s in Bath. Landlords of Houses in Multiple Occupation (HMO’s) around Oldfield, Westmoreland, and parts of Widcombe will need an HMO license from the 01/01/2014. Read More

Motor Vehicle Fleet Insurance

November 26, 2013 Fleet Vehicle Insurance

Fleet management for motor insurance fleet is becoming an ever important role for large companies. It has been researched that companies with poor claims management can pay up to 200% more on their fleet insurance policies. When you are looking at base premiums of £120k this works out to be a lot of money. In fact it can be so costly, it can result in that business being seriously reduced in size or folding. Read More

HMO Insurance Advice & Tips

November 21, 2013 HMO Property Insurance

Insuring an HMO property is one of many procedures an HMO landlord has to do in order to get there property up and running.

Once you have converted all the rooms inside your HMO to regulation, the next step is to get your license. This doesn’t arrive free of charge, you have to approach your local council and pay for a license. There is a fee and the on top there is a fixed fee for each habitable room inside your HMO, which does not include your kitchen or bathroom or toilet or rooms that are too small i.e. utility rooms to be deemed habitable. Read More

Does your HMO Property fall outside the norm?

November 18, 2013 HMO Property Insurance

Are you a HMO landlord, or an aspiring home of multiple occupation owner? Are you expecting various tenant types to occupy the property, such as DSS, Students, Guardians, recovering drug/drink addicts or even homeless people between hostels/housing? Or is your property a converted Hotel or Church; had subsidence or flooding history; or perhaps it’s a listed building? Read More

Goldcrest Insurance & HMO Safe team up

November 14, 2013 HMO Property Insurance

Our extremely large book of HMO businesses continues to grow. We are an active provider for all aspects of standard and non-standard let property insurance, for landlord/property owners up and down the country. So when the opportunity arose, Goldcrest decided it would be prudent to team up with HMO Safe to hold us in even better competition. Read More

Mini Fleet Insurance for Small Business

November 11, 2013 Fleet Vehicle Insurance

Mini fleet insurance is a new policy that caters for smaller businesses as a tool to place their vehicles onto what is much like a fleet policy but a smaller version.

A mini fleet policy will usually be between 1 and 17 vehicles to be insured. We have many mini fleet policies set up and the type of companies range from manufacturers to waste companies. I.e. insurance for waste companies can be tough to place purely because of the trade. We can place this type of business on mini fleet with only 2 vehicles. Read More

Property Owners and Landlord Insurance

November 5, 2013 Property Owners

At Goldcrest we have built up over the years a fantastic panel of insurers who help us with obtaining the most competitive rates and best policy wording for all tenant types from homeless to professionals. We are able to quote on any sum insured and any building type . We have 1000’s of landlords on our books who happily renew every year, as they are assured they are being well looked after, not only on the service we provide but also on premiums. Read More

Struggling to get HMO Insurance!

October 21, 2013 HMO Property Insurance

Having an HMO (home of multiple occupancy) is becoming a popular trend. 10 years back it was no where near as popular as it is today. Yes there is an HMO license you need to get from the council and regulations to adhere to like any other landlord, but the bottom line is a lot more favorable than a standard single family professional let.

There is one slipping point sometimes and that can be the insurance. HMO insurance or home of multiple occupancy insurance, is tough to find as a lot of underwriters do not like taking it on, as there is an increased risk of claims by so many individuals living in the home. Read More