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Is Your House of Multiple Occupancy Insured Correctly?

September 24, 2018 1:49 pm

From 1 October in England, mandatory licensing is changing and The Licensing of Houses in Multiple Occupation (England) Order 2018 will replace the 2006 order of the same name. The 3 storeys element is being removed meaning that any HMO occupied by 5 or more individuals (not all related to one another) will require an HMO licence. The licence must be applied for before 1 October 2018 in order to lawfully continue renting out the property. In addition to mandatory licensing, a local authority can designate specified areas as being subject to additional licensing (where any HMO requires a licence regardless of occupiers and...

Home Insurance Customers Penalised for Loyalty

September 10, 2018 11:00 am

Which found that the average new customer to a policy would pay £195, whereas a continuing customer on the same building and contents policy would pay an average of £270 over the same time period, an average increase of 37%. The problem scales – the longer a customer stays with a firm, the larger the gap between what they pay and what a new customer would pay.  For instance, if a homeowner stays with a company for 20 years, it is estimated that on average they will pay double that of a customer in their first year on the same...