HMO insurance no problem for Deacon

When a customer failed to obtain a sensibly priced buildings insurance quote for his fully licensed House in Multiple Occupation (HMO) in Watford, he turned to Deacon for help.

The property, a 33 bed HMO, represents the type of risk that brokers historically struggle to cover and one that insurers usually decline to quote. After searching our extensive panel of insurers, the customer was delighted when Deacon negotiated a policy with a high level of cover plus a saving of £400 compared to the expired policy.

The property comprises 33 suites, most for single occupancy and five designated for double occupancy. There are seven shared kitchens and each of the ensuite rooms is furnished with a bed, wardrobe and a small desk and chair. The shower room has a built in shower with toilet and hand basin. Each suite also has a small kitchenette unit, comprising sink, cupboard space, fridge and surface for small appliances.  Individually wired, each suite has its own pay-as-you-go electricity meter. Free wifi and Freeview is also provided. CCTV covers the rear of the property and internal communal areas and a sophisticated fire alarm is installed with sensors in every room, shared kitchens and communal areas.

Due to rising property prices in the capital and the property’s prime location, just two minutes from Watford train station and a 17 minute journey to London Euston, the majority of suites are let to professionals wanting a London base for their working week.



The sole purpose of this article is to provide guidance on the issues covered. This article is not intended to give legal advice, and, accordingly, it should not be relied upon. It should not be regarded as a comprehensive statement of the law and/or market practice in this area. We make no claims as to the completeness or accuracy of the information contained herein or in the links which were live at the date of publication. You should not act upon (or should refrain from acting upon) information in this publication without first seeking specific legal and/or specialist advice. Arthur J. Gallagher Insurance Brokers Limited trading as Deacon accepts no liability for any inaccuracy, omission or mistake in this publication, nor will we be responsible for any loss which may be suffered as a result of any person relying on the information contained herein.