HMO Insurance

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What is HMO Insurance?

House in Multiple Occupation (HMO) insurance is a type of insurance policy designed specifically for landlords who own HMO properties.

HMO insurance policies typically provide coverage for a range of risks associated with this type of rental property, such as damage to the property, loss of rental income, and liability for injuries or damages that occur on the property.

HMO insurance may also provide cover for legal expenses in the event of a dispute with a tenant, or for the costs of complying with local HMO regulations.

Standard landlord insurance policies may not provide adequate coverage for HMO properties, as they have different risk factors and regulatory requirements.

Compare HMO Insurance Quotes

We know how difficult comparing policies can be. That’s why our trained team are here to help you find dedicated brokers who want to quote you.

Our service is free and impartial with no obligation to buy.

HMO Insurance

What our Comparison Expert Says

‘HMO style properties are becoming ever more popular as people look to reduce the costs of living. It is important though to appreciate the additional risks of multiple, unrelated people all living in a shared home. Our brokers will help explain and compare HMO polices quickly and easily.’

- Michael Tribe

How our process works

We’ve worked hard to refine our process and keep it as quick, easy and simple as possible for our customers.

Complete Our Quick Quote Form

Provide us with a small amount of information on our quick and easy form. If you don’t want to fill out our form, simply give us a call instead and 1 of our agents will do it for you!

Specialist Brokers Are Compared

We look at your individual needs and find you brokers who can save you the most and offer you the best value for money.

You Receive HMO Insurance Quotes

You’ll receive multiple quotes tailored specifically to your own insurance needs.

You Save Money

Once you have all the quotes you’d like, you pick the right policy for you at the best price.

What Does HMO Insurance Cover?

There is some flexibility to customise your HMO insurance policy by combining various types of insurance, much like other types of landlord policies. The most significant features of HMO insurance include:

Building Insurance for HMO's

This covers the cost of repairing or rebuilding your property’s structure if it sustains damage due to an insured event, such as fire, flood, or vandalism. It also covers permanent fixtures and fittings like bathroom suites and kitchen cupboards which is useful for shared spaces.

Landlord Contents Cover

This compensates you for any damage to the contents you provide, such as carpets or electrical goods in communal areas. However, this coverage is not required if your HMO is unfurnished.

HMO Landlord Liability Insurance

Landlord liability insurance: This covers legal expenses and compensation in the event that someone has an accident or has their belongings damaged due to your property, and takes you to court.

Unoccupied Property Cover

This protects your property if it is unoccupied for an extended period.

Who Needs HMO Insurance?

If you are a landlord who owns a property where 3 or more unrelated people live, then you will need HMO Insurance. A HMO property comes with a different level of risk compared to a standard home and therefore a different type insurance is required.

In many instance, local regulations will legally requiring landlords of this style property to have insurance. In many areas across the UK, there are licencing laws where landlords for HMO properties are required to obtain a licence and to obtain that licence, they need to insure the HMO property.

Insurance for HMO’s will protect you against loss or damage to your property as a result of neglect by your tenants.  It will also cover other standard things that a home policy would.

Our agents will help you compare HMO insurance quotes quickly and easily.

Frequently Asked Questions

HMO stands for “House in Multiple Occupation.” It refers to a type of rental property where at least three tenants who are not from the same household live in the same property, and share common areas such as bathrooms and kitchens.

HMOs can be popular among students, professionals, and other groups who may be looking for affordable housing options.

In the context of landlord insurance, it’s important to note that HMO properties may have different insurance requirements than other rental properties.

Landlords who own HMOs may need to obtain specialised insurance policies that provide coverage for the unique risks associated with this type of property, such as increased liability and potential damage to shared areas.

It’s a good idea for landlords to work with an insurance broker who has experience in insuring HMO properties to ensure that they have the appropriate coverage.

If you own a rental property that is classified as a House in Multiple Occupation (HMO), you may need HMO insurance even if you already have landlord insurance.

Landlord insurance is a general term that refers to insurance policies that are designed to protect rental properties and landlords from risk.

HMO insurance is a specific type of landlord insurance that is tailored to meet the unique risks and liabilities associated with HMO properties.

HMO properties often have different insurance requirements than other types of rental properties. For example, HMO properties have shared living spaces and multiple tenants, which can increase the risk of property damage, loss of rental income, and liability for injuries or damages that occur on the property. HMO insurance can help protect landlords from financial losses associated with these risks.

The cost of HMO insurance can vary widely depending on a number of factors such as the location, size, and age of your property, the number of tenants, the level of coverage you need, and the insurance provider you choose.

Typically, HMO insurance is more expensive than standard landlord insurance because of the increased risk associated with renting out a property to multiple tenants.

To get a more accurate idea of how much HMO insurance will cost for your specific property, it’s best to compare quotes for HMO insurance from several insurance providers.

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