Landlord insurance for letting to asylum seekers

WHATEVER your politics, the option of letting your rental property to a government agency or charity to house asylum seekers is now front and centre in the news.

Briefly, the background to this is news stories about the government and its agencies looking to move asylum seekers from hotels to rental properties. They are reportedly offering long-term lucrative contracts to landlords willing to supply accommodation.

This article will not debate the practical, political, moral or ethical discussions on both sides of this issue. We are only interested in the landlord angle of this and whether you can get insurance to protect your financial asset.

Standard landlord insurance normally will not cover asylum seekers, sublet or HMOs (House of Multiple Occupancy). You need to let your insurers know the intended use of the property and number of occupants. Indeed, if you are letting through a government agency where your agreement is with the agency and not the tenant, then the relationship is likely to be subletting and that is another specialist area of let insurance.

Get any of the details wrong and if you ever make a claim it could be refused.

The short answer is you can get insurance to cover these properties but you will be expected to pay more (possibly substantially so) than standard landlord insurance and the number of insurers who welcome this sort of risk is limited. But it can be done in most cases.

If you are letting a property to asylum seekers, an HMO or via sublet, then we suggest speaking to us at The Home Insurer to see if it can be insured and if so, how much it will cost.

Speak with us at The Home Insurer today to find out more on 01832 770965.

Alternatively, you can use the form below to request one of our team to give you a call back.

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