With your first apartment, you’re starting a new chapter in your life and you have a million things to think about. Home insurance is just one of them. It’s an essential requirement, and even a legal obligation if you’re renting. But why is home insurance so important? And what exactly does it cover? We’re here to tell you the basics you need to know when choosing a solution that suits your needs on this new journey.
As a resident, you must provide a certificate of insurance when the keys are handed over. This is so you are protected financially if something happens in your new home. A leaky tap, a socket that catches fire… Sometimes, when things go wrong, it can be expensive. If you are liable, home insurance will cover the cost of repairs for you. And if you’re robbed, you’ll be entitled to a payout. It’s a simple as that.
Many home insurance policies also cover your “third-party liability”. In other words, if you’re at fault for an accident outside of your apartment, for example in the communal areas of the residence, your home insurance covers you for this too. Want to know what we think? This option is all the more essential, as it’s relatively inexpensive. What are you waiting for?
It’s not always easy to understand an insurance quote the first time you see one! Here are the key points you need to look for to make sure you’re properly protected, depending on your personal situation:
Are you away for more than 90 days a year, e.g. for an internship or on holiday? Negotiate the removal of the vacancy clause to remain protected in the event of a robbery.
There are several different ways to find the right insurer for you:
Home insurance is a crucial step in getting your first apartment. It takes a little effort, but it’s key for your peace of mind during a new chapter of your life as a YouFirst Campus resident J.