Having an HMO is becoming a popular trend. 10 years back it was nowhere near as popular as it is today. Yes there is an HMO license you need to get form 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 claim by so many individuals living in the home. At Goldcrest we have a great panel of insurers to look at each risk individually and therefore come up with some great premiums / insurers and policy wordings.
Policy wording is crucial to any landlord but especially an HMO landlord. Just imagine you have not read your policy properly and there is no loss of rent cover as it an HMO policy, and your premises has burnt down!!! What if there is no accidental damage cover on there and this is something you would have wanted.
At Goldcrest we give you the option to pick and choose what you want for your policy so we hit your needs for your insurance. A lot of landlords just go for price, yes we can be cheap too if we take off some of the insurable perils and don’t tell you, but you can be totally confident in the fact that you shall be sold a good comprehensive HMO insurance policy that you are totally happy with. One where you can sleep at night and no it will perform if there is a loss.
