Being a landlord with a property within the vicinity of a collage or a university can be a real gold mine, and makes sense to utilise the space available, by letting the property as a HMO, bedsits or as a multi-tenancy agreement.
The problem often faced with the arrangement of buildings insurance for student lets is that insurers do not often reward your prudence, and premiums can often be costly or many insurers often decline – however, we love Student lets and can accommodate all risk types from basic to non-standard and niche.
In most cases Student lets are set up on a HMO basis, the bog standard insurer that cater to the public are likely to decline this type of set up – in most cases these insurers usually are not keen on student let properties, and the HMO aspect often sends them over the tipping point and will often decline the venture. With this mentality, any quotation received is likely to be uncompetitive.
Goldcrest have been dealing with let properties for years, from standard lets to all your weird and wonderfuls, as such the rapport we have with our insurers is an understanding that we deal with all types of let properties, especially HMO’s, and as aforementioned majority of HMO’s are student let, so we are extremely vetted in this field.
One of the key benefits to the majority of the products available to us is the no “capping” of units, so no matter if you have 4 bedrooms or 14, there will be no loading whatsoever.
We work closely with many universities helping their registered landlords sourcing the right buildings insurance, so if you are indeed in need of comprehensive buildings insurance for your student let property, call our property team today.
