Landlord insurance and housing association

[mickymellon1]

I will soon be renting my flat to a housing association for 5 years, even though they will manage it, is it still wise to have landlords insurance?

[ShortShift811]

I should be able to find the answer to this at work for you tomorrow. Can't seem to PM you from my phone, but if you haven't heard from me by Friday drop me a reminder!

Edited by ShortShift811 on Wednesday 12th February 20:19

[Moominho]

I have it. I have never claimed from it though so I am not the best person to ask. It isn't a legal requirement though as far as I am aware.

[mickymellon1]

thanks both, much appreciated, looking for the least aggravation renting this time around

[BoRED S2upid]

I'd get it and buildings insurance for the piece of mind.

Out of interest how does one go about renting to a housing association?

[Steve H]

I would imagine that you already have buildings insurance either through the Freeholder/Managing Agent if you are a leaseholder or as a group if you are all Freeholders. You will find it nigh on impossible to insure buildings on just your flat and so I would suggest you inform your current providers that you may be renting.

[mickymellon1]

I have buildings insurance as part of the service charge

...and how do you rent to a housing association? - give them a call

[BoRED S2upid]

mickymellon1 said:

I have buildings insurance as part of the service charge

...and how do you rent to a housing association? - give them a call

As easy as that hey. Is rent competitive? I imagine a bit less but guaranteed for 5 years.

[ShortShift811]

Quick thread resurrection. I've checked at work (a division of our business is a specialist insurance broker to housing associations), and the answer is that most landlords would keep their own landlords' insurance in place to cover Buildings, Public Liability and their contents etc.

You could ask the HA in question for confirmation that they are covering everything, and even go as far as asking to be a co-insured on their policy, but that's probably fairly complicated to sort out. As you are the one that will lose out in the event of damage, most people take a belt and braces approach and keep their own cover in force. HTH.