DHSS & Housing Association Insurance

If you are a landlord with property to let, you probably want to make sure that you are making the most of all that the rental market has to offer. This means offering your accommodation to let to tenants from all walks of life.

As the landlord, you might be confident that the selection criteria you have in place makes all types of tenants – such as those in receipt of DHSS benefits, students and asylum seekers – a perfectly acceptable source of income.

The problem is that many insurers might not agree with you

What is DHSS, Local Authority and Housing Association Insurance?

What is DHSS, Local Authority and Housing Association Insurance?

Many providers of insurance for buy to let landlords might decline cover when tenants are drawn from these sectors of the market.

Cover we are able to arrange here at Specialist 4 Property Insurance, however, allows you to tap into this potentially lucrative rental market by continuing to extend cover for your buy to let property business.

What does it typically cover?

What does it typically cover?

This type of specialist insurance continues to provide just as comprehensive cover as other forms of landlord insurance, the core elements of which are typically:

  • protection of the building and the contents you own against such major risks as fire, flooding, storm damage, impacts, vandalism, malicious damage and theft;
  • compensation for loss of rental income in the event of a major insured incident leaving the property temporarily uninhabitable;
  • indemnity against claims from tenants, their visitors or members of the public who allege your negligence causing their personal injury or damage to their property; and
  • cover for legal expenses that might be raised in your defence of claims which might arise.

Who is DHSS, Local Authority and Housing Association insurance suitable for?

Who is DHSS, Local Authority and Housing Association insurance suitable for?

This specialist for of insurance is suitable for any landlord wanting to tap into this particular area of the private rental market.

It is a potentially extensive and lucrative market for buy to let landlords with suitable premises and who are careful to keep in place effective measures for selecting appropriately reliable tenants. The website DSS Move, for instance, discusses some of the difficulties which those on benefits might face when trying to secure property to rent, but also suggests areas of the market which might be responsive to their particular needs.

The website also reveals that there is a demand from tenants on benefits, those on Local Authority waiting lists and those from Housing Associations, for all types of let property. This ranges from large 5 bedroom houses to single bedroom flats and studios.

Summary

Summary

As a landlord you want to make the most of all that the rental market may have to offer. You might own property suitable for letting to the types of tenant which some insurers might specifically exclude from the net you cast. Specialist insurance is available, however, which gives you the freedom to choose your tenants from groups to whom it might otherwise be difficult to let.

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