Insurance for
Student Landlords
Insurance for student landloards across Devon, Cornwall and the UK.
Insurance tailored for you
Protect yourself with our leading insurance plans for student landlords
What is a student let?
A student let is a property that is rented out to a number of students at the same time. More often than not, these property lets will be larger properties where the bedrooms are rented out individually, and there are shared facilities such as living room, bathrooms and shared communal areas.
There are many benefits to having student tenants—they tend to stay for 12 months, competition tends to be strong, and the properties can have high earning potential. Student houses can, however, attract a higher level of risk—for example, the property may be left unoccupied outside of term time. Also, student lets are typically fully furnished to cater for each occupant, but students may not spend money on maintenance at the end of their tenancy, which can be an extra cost to factor in as a landlord of a student house.
We arrange student landlord insurance for owners of student-let houses and accommodation, helping landlords protect their investment for the long term.
What is student landlord insurance and why do I need it?
Running a multiple occupancy property for students will mean you need to have appropriate levels of cover in your landlord insurance policy. As you are likely to be renting out to multiple tenants within the same property, you may need to consider the rules around houses in multiple occupation (HMO) as they often require a licence from the local council. HMOs may also undergo frequent checks to ensure you are staying compliant with the regulations.
You can insure a single student let or multiple properties under the same policy. You can add and remove properties to suit your rental business.
It could be worthwhile discussing your rental property with us to ensure you are getting appropriate levels of cover in your landlord insurance policy. If you operate a portfolio of student housing, it is worth calling us to discuss your requirements in more detail.
In terms of covers available, you may want to consider:
- Buildings insurance
- Contents insurance—especially if the property is let fully furnished
- Property owners’ liability insurance
- Loss of rent and temporary accommodation
- Accidental damage
- Theft, malicious damage and vandalism
- Legal expenses
Why choose LMB Insurance Services?
- A multi award-winning insurance broker based in beautiful Plymouth, Devon
- We pride ourselves on our exceptional customer service
- We deliver affordable and comprehensive insurance policies to suit your individual needs
- We are committed to only offering high quality products, primarily from leading insurance companies
- We believe in transparency and always act in the best interests of our clients
- We are here to provide personal service, you will never be put through to a call centre.
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Let’s get started
Call us on 01752 969 170 and we will work to find the perfect business or property insurance deal
to suit your needs. Or visit our contact page for more ways to get in touch.