Flats contents insurance for shared accommodation
21st April 2011

Arranging contents insurance for shared flats can be really difficult. A lot of insurance companies will simply refuse to even provide you with a quote for flat contents insurance in these circumstances. Seem a bit unfair? Well, the main problem is that sharing with strangers puts more risk on your possessions. Sharing with strangers in the first place requires an element of trust, but even more so when it comes to trusting them with your belongings. The good news is that most people are honest and wouldn't even consider causing any damage to or stealing your belongings, but from an insurance point of view it can be a different matter.

However, there are many insurance providers who do provide flat contents insurance cover in these circumstances although they may exclude theft from the policy unless there is proof of forced entry. Whilst building insurance is the responsibility of the landlord, contents insurance is the responsibility of the tenant and should be arranged separately to cover all contents within the household.

More than half of young people who live away from home have confessed that they don't bother with contents insurance. For the majority of the cases they simply haven't found the time to sort it out, with many also believing it to be a waste of money. Many students share accommodation and therefore it can also be a case of not being able to afford the premiums.

If you think about it, it does make sense to get a couple of quotes for shared flat contents insurance and if there are enough of you to spilt the monthly payment between it could work out to be a lot cheaper than you imagine. Take a look at your possessions and think about how much it would cost to replace them. Collectively, you could have thousands of pounds worth of electric equipment, clothing, jewellery and other items; paying a few pounds each month to insure them is definitely a safe bet.

More and more insurance companies are offering flat contents insurance for shared accommodation and you'll find it easy to obtain some quotes and get more information on this essential insurance policy. You never know when thieves may target your property and not having insurance could mean you have to wait a long time before you can replace all of your treasured possessions.

Flat contents insurance gives you instant peace of mind that each and every possession you own is covered against loss and theft and will be replaced like for like. Right now there are some very cost effective policies to be had; all you need to do is ask for a quote to consider at your leisure. You can pay monthly spreading the cost over the year and if you have other people to split the cost with even better. Don't think it will never happen to you as inevitably it has to happen to somebody, so why not you?

For more information on tenant's flat contents insurance give us a call. We can give you an instant quote and detailed information on our wide range of policies.