Shared house contents insurance
Insuring your belongings when you're a flatmate
HomeProtect home insurance for shared accommodation is designed for housemates, flatmates and renters living in for shared rental properties including flats and houses, student properties and rooms let to lodgers.
Although some insurers will let you take out one policy for the entire property and share the cost between all housemates, this is not always practical. Not all tenants are reliable and personal circumstances can change mid-way through the tenancy. By taking out your own policy you can each insure your own valuables and keep your claims history separate.
What’s more, if you are going to university or college, contents insurance for students is often included under your parents’ home insurance, so you don’t need another policy. With HomeProtect contents insurance policies, students get up to £6,000 worth of contents cover while living in student accommodation.
According to the Office for National Statistics, average house prices have grown by 7% per year since 1980. Demand for housing continues to grow today, as do house prices. First time buyers are struggling to get on the property ladder and ownership among younger age groups has declined overall. It’s no wonder that more and more people are living in house shares.
Responsibilities in a shared house
‘Safety in numbers’ might be how the old saying goes but unfortunately that doesn’t ring true for house shares. When it comes to shared house insurance tenants should take responsibility for their own belongings. Theft, for example, is a key concern in a shared property due to the number of visitors coming and going from the house. It’s important that your room is self-contained with its own lock to reduce this risk.
Your landlord has a responsibility to have buildings insurance in place too. Whereas contents insurance is a ‘nice-to-have’, buildings insurance is an absolute must have.
Shared occupancy insurance
- Personal possessions listed in your policy schedule can be covered against theft or damage anywhere in the world.
- Electronic gadgets worth over £350 must be individually specified.
- Up to £25,000 legal expenses cover to pay for legal support for property disputes and goods/services contract disputes.
- Up to £200 home emergency cover per callout to temporarily fix burst pipes, roof damage and failure of water, gas and electricity supply.
What our customers say
Your questions answered
I need to insure my stuff but I live in a shared house – do I need a separate lock on my door?
No, there's no need to install a specific lock on your bedroom door for insurance purposes. However it is wise to make sure that the locks on the external doors to the property are sturdy and comply with the British Standards. To make a claim for theft of your belongings from the shared home, there will need to be signs of damage caused by the thief when breaking in, for the claim to be accepted.
What is a multiple occupancy home?
A house in multiple occupation (HMO) is a rented property where at least three people who are not directly related by blood or marriage share facilities like a toilet, bathroom and kitchen.
If you are a landlord, you must contact your local council for a licence to rent out your property as an HMO. A licence is valid for up to five years.
Who is responsible for repairs in a house share?
The landlord is responsible for maintaining the property in a good state of repair. They will either take care of this directly, or if it is fully managed then via a letting agent. If however you damage the property by accident then you will likely have to pay for repairs, or the cost of repairs will be deducted from your deposit.
What are the different types of shared occupancy?
House shares, rooms for rent and lodgers are all types of shared occupancy. For more details, read about property usage.