HMO Landlord Insurance

HMO stands for ‘house with multiple occupation’. It refers to a rented property with several tenants who share living spaces, but are not part of the same household. Each will have their own tenancy agreement with the landlord.

The landlord is responsible for ensuring that appropriate House in Multiple Occupation Insurance is in place. This coverage protects the property, its occupants, and the landlord’s financial interests.

HMO landlord insurance  may cover the many and varied additional risks associated with a rental property housing multiple tenants.

When multiple tenants share communal spaces such as kitchens and bathrooms, the likelihood of accidental or intentional damage increases. The risks associated with leaks, floods, and fires are also heightened as the facilities are accessed by multiple tenants. HMO cover accounts for these unique risks.

One clear advantage of HMO Property Insurance is the ability to insure multiple HMOs under a single policy. This simplifies asset management and streamlines administrative processes.

Read more about fire safety and your HMO let.

At PML, we can provide legal expenses for up to £100,000 at no extra cost*.

This includes:

• Limit of indemnity (per claim) £100,000
• Legal defence
• Recovery of rent arrears
• Repossession of residential property
• Property disputes
• Property damage, nuisance, and trespass

*Please note this is available at no extra charge if you take out a policy with MS Amlin. We have a panel of thirteen insurers, most of which offer cover for legal expenses.

Any property that houses as few as three separate tenants or where three separate tenants share facilities (kitchen, bathroom, living room) may need to be covered as an HMO, even if it doesn’t need to be registered as one with your council.

Don’t worry. At PML, we can provide HMO landlord cover for either situation, as well as answer any further queries on this topic.

Provided you have one room in the property occupied, this is classed as an occupied property, and would not be classified as a situation requiring HMO landlord insurance. If the number of tenants reaches three or more, please follow our guidance above.

Yes, we can provide HMO landlord insurance for conversions where you have more than three tenants, such as student accommodation.

No, unfortunately rent guarantee cover cannot be provided for HMOs.

Yes, both DSS tenants and student tenants can be covered by a PML HMO landlord insurance policy.

Stepping away from students? Find out about converting your student let into a standard HMO.