Getting the correct HMO Insurance cover is more essential now than it has ever been before when taking out insurance for an HMO property. There are so many cheap options to buy online that look great but are littered with endorsements which will not insure you properly at point of claim.
Yes, you might be putting the details in correctly and yes, the premium might be cheap, but is what you are seeing really what you are getting.
With HMO insurance there is so much to declare that it is virtually impossible for a Meerkat to extract this type of information from you. So, for the sake of getting a premium which is correct and obtaining comprehensive cover you need to come to an HMO professional like Goldcrest Insurance.
Why Choose Goldcrest for your HMO Insurance?
When we arrange insurance for an HMO we make sure we check who it is that is letting the property, is it sublet or is it being run as an air b @ b through a property management company. Is it a property management company who are guaranteeing the rent and letting it to local housing association tenants?
Is the property in a good state of repair/ tenant type, are they dss referral or non-referral?Do you know the difference between a dss referral and a dss non- referral, if you don’t and the insurers are not asking these questions then more than likely there will be endorsements in the policy accepting certain tenant types?
Insurance for a home in multiple occupation is a minefield and if you go cheap, a loss assessor will have a field day when he comes across a load of non-disclosures that were either not declared at inception, or where he finds you have not read the policy properly and due to certain endorsements, you will not be paid out.
