Is student insurance usually a lot more expensive?

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    Is student insurance usually a lot more expensive?

    I only have 2 properties. One a 3 bed house occupied by a family. Price of insurance: £160 pa. Another a 3 bed flat occupied by students: £350 pa. I have shopped around and not really found anything cheaper. And have they jacked up prices for student lets lately due to covid?

    #2
    We are not aware of any price changes due to covid but obviously cannot speak for all insurers (only the ones we deal with). A property let to multiple students will generally be higher rated than a property let to a working family. Please bear in mind other factors such as location and sum insured as these can have a big effect on price.
    Steve Smith - Company Director at a leading Landlord Insurance broker with 20+ years experience in the industry
    LandlordZONE Verified Poster and Topic Expert for Landlords Insurance since 2009
    See my profile for contact details

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      #3
      Thank you ashburnham. For full disclosure, I did make a claim 2 years ago on the student flat for water escape, and never made a claim on the other property. The student flat also has a flat roof which may affect things? It is ex council, not sure if that affects things.

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        #4
        The claim and flat roof will raisr premiums,as will students.

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          #5
          Is this insurance cover for the building ? Some times the insurance rate for property is higher if there have been more claims than average for the area .

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            #6
            No it’s not buildings insurance it’s the landlord insurance, the buildings insurance is taken out by the freeholder.

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              #7
              Lots on, I do think that they can jack up they prices whenever they want. It all depends on an agreement, you've been signing up.

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