Landlord insurance for DSS tenants

marking_bad

My bank is refusing insurance because my tenant is unemployed, where do I go for insurance that accepts dss tenants? Thanks.

N79

What sort of insurance?

G_M

A quick google reveals

this

or this

or this

marking_bad

N79 wrote: »

What sort of insurance?

The sort required by law, I would assume.

BitterAndTwisted

Assume nothing! That's what gets newbie landlords into all sorts of trouble.

The financial circumstances of your tenants does not affect your buildings insurance, so are you looking to protect your rental-income by taking out some form of insurance?

tbs624

marking_bad - you seem to have done precious little preparation prior to becoming a LL. If you need a new insurance company use google, as G_M did on your behalf or contact a broker.


http://lmgtfy.com/?q=landlord+insurance+DSS+tenant

marking_bad

BitterAndTwisted wrote: »

Assume nothing! That's what gets newbie landlords into all sorts of trouble.

The financial circumstances of your tenants does not affect your buildings insurance, so are you looking to protect your rental-income by taking out some form of insurance?

So all I need is buildings insurance (the same as I would have if I wasn't letting it out?), the tenant can sort out the contents insurance? I don't need to protect myself against rental-income as my tenant is a family member.

tbs624

BitterAndTwisted wrote: »

The financial circumstances of your tenants does not affect your buildings insurance...

Some LL buildings insurance policies have specific clauses relating to particular "types" of Ts - they may have higher excesses,charger a higher premium, refuse cover for accidental damage or "malicious T damage" in some cases.

G_M

marking_bad wrote: »

The sort required by law, I would assume.

The only insurance required by law is car insurance. Heavy penanlties for driving without!

Seriously - you need proper landlord's insurance. Domestic insurance will be invalid if you have tenants in (that doesn't make it a legal requirement though - just means if the house burns down, you'll get nothing!).

More seriously still, you appear to have only a basic understanding of renting out property - there's a lot more to consider than just insurance!

tbs624

marking_bad wrote: »

So all I need is buildings insurance (the same as I would have if I wasn't letting it out?), the tenant can sort out the contents insurance?

Are you letting the property out furnished, ie with *your* contents in ?

marking_bad wrote: »

I don't need to protect myself against rental-income as my tenant is a family member.

:rotfl:yes, and families never fall out, lose their jobs, decide that they really want that handbag or shiny I-something and that big bro won't mind if his rent is paid late/not at all, decide to move in a mate/boyfriend/girlfriend..........


is this family member going to be claiming LHA?

marking_bad

tbs624 wrote: »

Are you letting the property out furnished, ie with *your* contents in ?


:rotfl:yes, and families never fall out, lose their jobs, decide that they really want that handbag or shiny I-something and that big bro won't mind if his rent is paid late/not at all, decide to move in a mate/boyfriend/girlfriend..........


is this family member going to be claiming LHA?

Unfurnished.

Family member will probably be claiming DSS for a month or so, but hopefully not too long.