HMO insurance that gives landlords peace of mind
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A new way to insure your HMO property
HMO insurance is a specialist insurance policy designed for landlords who rent out a House in Multiple Occupation (HMO). HMOs carry higher risks than standard rental properties due to multiple, unrelated tenants sharing facilities, which means standard landlord insurance often isn’t sufficient.
In partnership with some of the leading UK insurers, we’ll not only get you a competitive HMO insurance policy with comprehensive cover, but we also work hard to keep you protected year after year as your property and tenants evolve.
We compare the market for the best deal so you don’t have to.
24/7 claims service
We’re here for you round the clock when you need us most.
Fairer prices for all
We only provide cover for responsible HMO property owners, so you’ll get a better deal.
World-class support
You’ll get your own UK-based human to look after you for the duration of your policy.
We use a combination of technology and a wealth of experience to give you unrivalled cover and more affordable HMO insurance prices.
With over 50 years of experience providing top-quality insurance for property owners, you can be sure we’ve got you covered.
What does HMO insurance cover?
Damage to your property
Covers damage caused by insured events such as fire, flooding, storms, or vandalism.
Uninhabitable property
If an insured event makes the property unsafe or unfit to live in, HMO insurance can compensate for loss of rental income.
If your things get stolen
This cover protects shared contents such as furniture, white goods, and appliances against damage or theft.
Legal expenses
Many HMO policies include legal cover, helping with eviction proceedings, tenancy disputes, or recovering unpaid rent.
If a visitor is injured
If a tenant or visitor is injured in a communal area and you’re found legally responsible, cover costs and compensation claims.
* Subject to your chosen level of policy cover and the prevailing policy excess.
What is HMO insurance?
HMO insurance protects landlords from financial losses linked to property damage, loss of rental income, and liability claims arising from a multi-tenant property.
While HMOs can deliver strong rental returns, they also come with increased responsibilities and risks. Standard landlord insurance may not provide adequate protection. Here’s why HMO insurance is essential:
- Emergency cover: Assists with urgent issues such as heating or plumbing failures in shared living spaces.
- Building insurance: Covers the structure of the property against risks like fire, flood, and subsidence.
- HMO liability insurance: Protects you if a tenant or visitor is injured in communal areas and you’re held liable.
- Loss of rent cover: Compensates for lost rental income if the property becomes uninhabitable following an insured event.
- Contents insurance: Covers communal furniture and appliances supplied to tenants.
- Accidental damage cover: Protects against unintentional damage, which is more common in high-occupancy properties.
When choosing an HMO policy, it’s important to assess your specific setup. Consider the number of tenants, whether the property is licensed, and the level of cover required. Optional extras like legal expenses or accidental damage cover can offer valuable additional protection.
How much does HMO insurance cost?
The cost of HMO insurance can vary depending on several important factors. These are some of the key elements that influence your premium:
Level of cover
More comprehensive policies covering buildings, contents, liability, and loss of rent will cost more than basic building-only cover.
Value of the property
The higher the rebuild value of the property, the greater the potential risk to insurers, which can increase premiums.
Property location
Properties in high-crime areas or locations prone to flooding typically attract higher premiums than those in lower-risk areas.
Property security
Features such as fire doors, smoke alarms, emergency lighting, secure locks, and CCTV can help reduce premiums by lowering risk.
Tenant type
A higher number of occupants increases risk. Tenant types such as students or DSS tenants may result in higher premiums compared to professionals.
Your claims history
Previous claims can increase the cost of your policy, while a clean claims history may help secure more competitive rates.
HMO insurance frequently asked questions
Can I cover multiple properties?
Whether you’re an owner-occupier with a single property or an investor with a portfolio of properties, we can arrange comprehensive cover under a single policy.
Can you cover unoccupied properties?
If your property is temporarily vacant or is going to be unoccupied long-term, we can provide the best cover on the market.
What if my property is unoccupied?
No problem. The level of cover you’ll get depends on how long the property will be unoccupied and whether you’re undertaking refurbishment works.
Can I get cover for loss of rent?
Absolutely. We can include rent guarantee cover or tenant default cover as an optional extra.
What is accidental damage cover?
A standard policy will cover against the main perils (storm, flood etc.). Accidental damage cover extends this to cover spillages, breakages or damage caused by you, a tenant or a visitor.
Can I trust you?
We’ve been around for over 50 years with a dedicated property liability insurance team. We’re also authorised and regulated by the Financial Conduct Authority.
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