Will Awaab's Law significantly increase insurance premiums or require new types of landlord insurance coverage for my HMO properties, given the stricter regulations on property conditions?
Quick Answer
Awaab's Law will not directly create new landlord insurance types, but increased compliance and a focus on preventative maintenance could indirectly influence existing policy premiums and terms.
About This Topic
Awaab's Law's extension to private rentals won't create new landlord insurance types but will increase scrutiny on maintenance. Landlords must demonstrate proactive property management to maintain premiums, otherwise expect increases for portfolios.
This question is part of our Tax & Accounting category, providing expert guidance on UK property investment.
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