Home insurance is not included in your rental contract. You are therefore required to subscribe to your own home insurance before moving in.
šÆ What should your home insurance cover?
Your insurance contract must at least include the ārental risksā guarantee, which covers:
Fire
Water damage
Explosions
...
Each tenant must cover their room and their share of the apartment. It protects against external damage or any damage you may cause as a tenant.
Examples:
If your flat is 100 mĀ² and has 4 bedrooms, you should indicate your insurance company that it's 25 mĀ² (100/4).
If your flat is 130 mĀ² and has 6 bedrooms, you should indicate your insurance company that it's 22 mĀ² (130/6).
ā ļø Failure to provide valid insurance may lead to contractual penalties (termination of lease, deductions from security deposit, etc.).
ā What we recommend
To be better protected, we strongly advise you to also include the following:
Personal liability insurance: covers damages you may cause to others (inside or outside the accommodation)
Personal belongings protection: especially if you own valuable items (phone, electronics, clothes, jewellery, artworksā¦)
Other useful guarantees: some insurance plans also cover treatments for bedbugs, for example.
š Where to subscribe?
š± Fully digital insurers
For your home insurance, we work with a dedicated partner offering policies tailored to shared accommodation, at competitive prices and with quick sign-up:
Lovys Get 1 month free!š Sign up using the link below and enter the code COLONIES at the end of your quote to claim your free month - Click here to sign up
š”ļø Traditional insurers
Companies like MAIF, MACIF, Matmut, Allianz, AXA or Groupama also offer tailored contracts, sometimes with wider coverage.
š¦ Banks
Most banks offer home insurance plans ā convenient if youāre already a customer.
š¦ Student packs
Some student mutuals or āyoung workerā packs include home insurance (make sure personal liability is included!).
š” Tips
A basic home insurance plan usually costs around ā¬5-ā¬15 per month.
Make sure to request an insurance certificate upon subscription ā it will need to be uploaded to your tenant space upon arrival at Colonies.