By having an asset any prudent individual would want to ensure that it is fully covered in the event of an unforeseen misfortune, no matter how different that asset may be. What I am alluding to of course is HMO properties. Many landlords that own standard single let properties tend to look for a well-known established insurance company at a competitive and affordable premium, and this should be no different from HMO let property owners.
At Goldcrest we have established relationships with many large domestic insurers, specialist underwriters and multinational insurers to such an extent that unlike many providers we can offer a variety of quotations from a plethora of insurers, so no matter your target premium, tenant type or property iniquities we can guarantee to beat any quotation you currently have.
Benefits of using a Broker for HMO Insurance
All of the schemes we have access to are not available to the general public and will not feature on comparison sites – so although it sounds good to “go direct” or flick through the comparison sites findings, you won’t actually be getting the best deal available for your multi tenanted property.
Many if not all of the comparison markets do not give you the opportunity to state the property is a house of multiple occupation, so although ignorance is an option, is it the route you really want to be taking, as when a claim eventually arises the likelihood of it would be that your claim and cover will be voided, through it not be insured properly.
Then you have the option of going direct, in which you are only dealing with one insurer and one set of criteria, and in most cases you’ll only find out that your HMO property is unacceptable right at the last quotation stage.
The property team here at Goldcrest understand all of our insurers underwriting criteria, and market competitiveness so no matter what your enquiry or target premium is we can facilitate your every needs.
