What are the risks of uninsured shared accommodation?

What are the risks of uninsured shared accommodation?

As with all rentals, home insurance is mandatory. This means that if the certificate was not provided to him at the start of the lease, the owner can give notice to the defaulting tenant (s). For this reason, he is thus authorized to terminate the lease contract and to sign himself a contract on behalf of the defaulting tenant (s). If he is forced to come to this end, the landlord will be entitled to increase the rent in order to add to the initial amount the cost of the insurance that he must have purchased himself. The increase applied may not, however, exceed 10% of the rent.
Who should take out shared home insurance?

In the context of a joint tenancy, two solutions are available to you regarding the subscription of the home insurance contract:

    In the case of a single contract which covers all the roommates present, all are then signatories of a single contract.
    In the case of individual contracts, each roommate is then a signatory and holder of his own contract. The ideal then is that all roommates use the services of the same insurance company. This will limit the risk of litigation and disputes in the event of damage. In addition, the processing of files will be considerably facilitated and delays will be reduced.
    The owner can also take out the home insurance contract himself for each of the roommates, especially when one of them is slow to make sure ...

Develop the contract as roommates change

One of the specifics of shared accommodation is the turnover it implies. The initial roommates are thus forced to leave, some leave before others, some return and the changes may be more or less frequent. It is obvious that in the event of the departure and / or arrival of a roommate, it is imperative to change the contract so that it is up to date and can cover all roommates optimally. In the event of a change, you must therefore contact the insurance company to request an amendment to the contract which will take into account the novelties and changes that have occurred during the lease.
How to choose the best shared home insurance?

You will understand that joint tenancy home insurance is essential to effectively protect each roommate and make cohabitation sustainable. Several options are available to you. The ideal remains to choose a well-known insurance company, which has a well-established presence and which offers joint tenancy contracts that are not only specific but also adapted to this scenario. This will ensure that you get optimal protection. Choosing the same insurer for all roommates is also an attractive option. And for good reason, you will considerably facilitate the procedures that must be carried out in the event of a claim. Finally, make an effort to read the content of the contract carefully: offered guarantees, insurance premium, deductibles, warranty exclusions, etc. Nothing should escape you!

To determine the amount of the home insurance premium, an insurance company takes into account such things as:

    the characteristics of the accommodation,
    the value of the movable property which adorns it,
    the number of roommates present,
    their insurance history.