- Appetite
- Property-focused MGA worth approaching for a landlord risk, particularly if the premises are residential.
- Check
- Check council leasing acceptance, actual resident profile and any temporary accommodation restrictions.
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Reading the risk
For: Property let to a local authority
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What underwriters will focus on
Property owners’ risk with a local authority tenant; establish whether the premises are offices, housing or another use. Underwriters will focus on actual occupation, any onward letting, lease responsibilities and who manages the property.
Where to start
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We found 185 UK markets that write property let to a local authority risks: 47 insurers, 115 MGAs and 23 Lloyd's markets. Commonly listed: Vasek Insurance, Generation Insurance.
Tenancy type matters, so expect questions on whether the property is used for temporary accommodation, supported housing or general needs. Who manages it, HMO status, lease terms, repair responsibilities and vacancy periods are also checked.
council let, local authority lease, temporary accommodation property, social housing let
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