There is this perennial question or lack of knowledge about whether or not, when someone moves into a rented accommodation, they should or should not have to take out home insurance. Most people think that the owner's insurance is enough. In this post we will shed light on this issue.
Homeowner's insurance
Indeed, the owner should have insurance. It provides coverage for:
- Damage that may occur to the dwelling itself,
- As well as the civil liability of the owner for matters originating in the property itself: for example, a burst pipe or leak from a drain, a fire caused by a short circuit in the electrical wiring of the home.
However, the tenant's responsibility is still exposed, as it is not the «...".«insured»The policy of the owner of the flat.
What issues are not covered by homeowner's insurance?
These are the reasons why every forward-thinking tenant should take out home insurance to cover the following:
Securing the tenant's contents
The contents owned by the tenant and kept in the property (furniture, TV, computers, mobile phones, clothes, money...) must be covered by the tenant's insurance.
The owner's homeowner's insurance covers the owner's own contents, but not those of third parties, unless it can be specified in the policy, which is very rare.
Example: there is a fire in the house and the computer in the living room and the television that belonged to the tenants are burnt.
Robbery or mugging in the street
Unfortunately, we suffer a robbery while we are travelling, and as we do not have insurance, we cannot be covered for this contingency. Or a bag or rucksack being pulled on the way home from work. Our home insurance covers the robbery.
Cash, laptop, mobile phone and so on are items that could have been paid for by the company if they had insurance, as street robbery, although many people are unaware of it, is covered by good insurance companies.
Liability as a tenant
But, above all, the civil liability attributable to the tenant, which is not covered by the landlord, is very important.
An example could be a fire that starts while cooking and affects the flat above or next door (this liability is not covered by the homeowner's insurance, as this fire is not the fault of the owner); another case would be what is known as “failure to turn off taps”: you go away on a trip and, without realising it, you leave a tap running, causing a flood in your home that causes leaks in the flat below (the same happens as before, this incident is not the fault of the owner).
Including, small issues that arise on a day-to-day basis such as a problem with a curtain or applying silicone in the bathroom for maintenance, are issues where our insurance could take action through what is known as a “handyman service”.”; This is a way of not having to talk to the “landlord”, and we avoid unnecessary contact if the landlord is not to our liking.
We sincerely believe that are issues to be seriously assessede, even more so when they can be safe from 100 € per year. If you would like to receive this type of advice on your insurance, or simply ask us for a quote, contact us at
