Landlord insurance in Colchester

Colchester carries an unusual tenant mix. Britain's oldest recorded town is also a garrison town and home to the University of Essex, so a landlord's book here often runs heavy on service tenants, students and shared houses.

Where the risks come from for Colchester landlords

High tenant turnover is the theme. Rooms let by the head in an HMO change hands often, and the gap between one tenancy and the next is when damage and theft tend to surface, whether a stripped-out kitchen, a stolen boiler, or malicious damage discovered only at check-out.

A Colchester example

A six-bed student HMO near the Essex campus is handed back at the end of the academic year with doors kicked through, an oven missing and deliberate damage to two bedrooms. The bill to make the house re-lettable before the next intake runs into thousands, and malicious-damage-by-tenant cover is what turns a ruined summer into a claim.

What landlord insurance covers

For a let like this the policy needs to name the HMO use openly and carry malicious and accidental damage by tenants, not just the standard fire-and-flood perils. Loss of rent matters too, because a house that misses the September let can sit empty for a term.

Placing it in Colchester with Apex

HMOs are where off-the-shelf cover quietly fails, usually because the multi-let use was never declared. Apex places them on the right basis from the outset, working through specialist and Lloyd's markets, with one named contact who knows the property. FCA authorised, broking since 2009.

Related

• Commercial property insurance Colchester
• Business insurance Colchester
• Public liability insurance Colchester