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Cover available for properties let to students can include:
Our student landlords insurance provides a combination of covers packaged together by insurers to provide landlords with the essential components to ensure that they protect their investment (the property) and also the income stream (loss of rent).
The number of students in higher education in the UK is set to grow dramatically, increasing the demand for off-campus accommodation. The student market is a lucrative and important one, despite its reputation – and student tenants are, on the whole, not as bad as they are made out to be, as tenants. Most students will look to rent a property for a minimum of 12 months, meaning less stress for for you as a landlord finding new tenants. Many students will be looking for accommodation ahead of the next academic year, so the months prior to the start o the academic year is the ideal time for marketing a property to students.
Cover4insurance can cover properties that are rented to student tenants.
Students as tenants can be difficult to reference using the standard process, because they do not have a regular income and have usually come straight from living with parents. Instead, landlords should seek a guarantor for each student tenant. Usually a parent or guardian, the guarantor will themselves be referenced and is responsible for the rent if the tenant should fail to pay. Should the worst happen however, UK General’s optional Legal Expenses cover can help landlords recover rent owed due to non-payment.