Ashburnham provide landlord insurance for tenants in receipt of Local Housing Allowance (LHA), colloquially known as Housing Benefit. Flexible, comprehensive, and cheap DSS Landlord Insurance can be hard to come by, but with Ashburnham you can choose the level of cover you require using our online policy form. Just make sure that under Occupancy Details, you select “Housing Benefit Recipient”.
The most popular type of landlord insurance cover for housing benefit tenants is buildings cover. Landlords buildings insurance protects your most important asset: your property. This goes for any landlord regardless of the type of tenants you let your property to.
In the UK, the majority of working age housing benefit claimants live in privately rented accommodation. Which is why excluding or neglecting this important market could be at the expense of lengthy tenancy voids. In addition to standard lets, we can also cover HMOs (Houses in Multiple Occupation), bedsits, mixed use property, and more.
Covers the financial cost of repairing a property’s structural damage. We cover both accidental and malicious damage as standard, in addition to environmental damage (e.g. flooding, storms, etc).
Recommended for furnished let properties, this will protect the landlord from the costs of repairing and replacing furnishing that have been stolen or accidentally damaged by DSS tenants.
Covers the intentional damage caused by the tenant or any other malicious persons to the landlord’s property.
Covers loss of rent by guaranteeing monthly rent payments for a maximum of 6 months in the event that a DSS tenant is in arrears and temporarily unable to pay due to their financial circumstance.
Indemnifies the property owner against liability if a tenant, guest or member of the public is injured on the premises, including cover from the financial costs of any claims made due to negligence.
Indemnifies the expenses in pursuit or defense of any disputes connected to a landlord’s property that require legal protection.
Head over to our Landlord Portfolio Insurance page.
A DSS tenant is a tenant in receipt of benefits, such as unemployment benefit, incapacity benefit, housing benefit, etc. DSS is actually an acronym for the Department of Social Security, which was renamed to the Department for Work and Pensions (DWP) in 2001, but the term “DSS tenant” is still commonly used by landlords, letting agents, and insurance companies.
Some insurers consider housing benefit claimants a higher risk than working professionals, due to their financial vulnerability and dependence on government support. Unexpected changes in your tenants’ allowance or benefit entitlement may affect their ability to pay their rent on time. This may result in a higher premium for landlords, compared to professional tenants.
Unfortunately, a few bad eggs can give all DSS tenants a bad reputation. In reality, you may find that your housing benefit tenant is just as pleasant as any other professional tenant in terms of housekeeping and rent payments.
Landlords DSS insurance can help to give you peace of mind when letting to housing benefit claimants. Obviously, you will always want to vet potential tenants beforehand whether they claim Local Housing Allowance or not. But by including housing benefit recipients in your tenant search, alongside a strong DSS insurance policy, you can maximise your potential lettings whilst protecting your buy to let business against the worst outcomes.