Shared Houses
With the average house price higher than ever, it’s not too much of a surprise that more of us are choosing to live in shared accommodation. Whether it’s to save money on the rent, or simply the camaraderie that comes from sharing - your UK home insurance needs are likely to be different from someone living alone, or the insurance needs of a young family.
The amount of contents insurance cover required might be higher than normal, as you’ll have multiple flatmates, each with their own television, stereo or computer for example. Some insurers may have security concerns too, as the occupancy patterns for professionals in a house share may differ significantly from those of a family home, as well as the fact that multiple housemates means more sets of keys to go astray, and a possible wider range of visiting friends.
Some shared house contents policies may also offer accidental damage cover on rented property. This gives assurance, indemnifying you and your flatmates if you damage your landlords property. Making sure you have adequate cover on your shared property doesn’t have to be difficult, and there are a number of policies on offer that will cater for your needs.
Click here to obtain quotes from leading home insurance providers.