Landlord insurance Landlord insurance

Superscript's landlord insurance starts from just £12.95 a month, but the price of your policy could vary depending on how many properties are covered, whether they are commercial or residential buildings, their location and a number of other factors.

10% of landlords paid £12.95 a month or less for their Superscript insurance between January and March 2023.

Superscript's landlords' insurance products include cover for both residential and commercial properties, or a mix of the two, including studio apartments, flats, houses, warehouses, office space and shops.

Yes, with Superscript's landlord insurance your cover is valid even if your property is unoccupied for a period of up to 45 consecutive days.

However, if the property is unoccupied for longer than that, there are certain things you must do for your policy to remain valid, including, but not limited to:

• You must let Superscript know as soon as the property becomes unoccupied for longer than 45 days
• The property must be inspected both internally and externally at least once a week, with a written report of the inspection
• All refuse and waste must be regularly removed
• The property must be adequately secured and letterboxes sealed
• Gas, water and electricity supplies must be turned off at the mains
• All damage must be rectified immediately
• All water systems must be drained between 1st October and 31st March

Superscript reserves the right to cancel a policy if your property is unoccupied for more than 45 consecutive days.

The amount of excess you will be required to pay depends on what kind of insured event has occurred. Superscript's excesses include:

• Fire, lightning, explosion, aircraft, or earthquake - no excess
• Damage caused by flood - minimum excess £300
• Malicious damage and theft by tenants - £500
• All other insured damage (where an excess applies) - minimum excess £250
• Subsidence - minimum excess £1,000
• Property owners liability - £200

Yes, you are able to insure a portfolio of up to 10 properties on one policy.

You can change your policy anytime, but we need 30 days' notice if you'd like cancel.

In the UK rental market, HMO stands for 'house in multiple occupation' (or sometimes 'house of multiple occupancy'). UK law defines a rental property as an HMO if both of the following apply:

• At least three tenants live there, forming more than one household
• Toilet, bathroom or kitchen facilities are shared

A ‘household’ means either a single person or members of the same family who live together and this includes couples who are married or living together and people in same-sex relationships.

So, a property would be classed as an HMO if it is shared by two or more individuals or groups that are not family members, a married couple or in a relationship. A common term to describe this kind of arrangement is a ‘house share’.

Superscript offers two optional covers called 'rental income cover' and 'rent guarantee insurance' as part of our residential landlords insurance product.

Rental income can pay you the income you would have received in rent if your property is damaged and becomes uninhabitable by a tenant for up to 24 months.

Rent guarantee, meanwhile, pays you the rent you are due in the event that your tenant or ex-tenant still occupies your property but does not pay their rent.

Yes, all covers included in your landlord insurance policy are categorised as 'allowable expenses' by HMRC. This means you can write off the cost of your insurance policy against your taxable rental income for the tax year.