{"id":70053,"date":"2022-06-14T08:00:54","date_gmt":"2022-06-14T06:00:54","guid":{"rendered":"https:\/\/colivys.com\/home-insurance-in-a-shared-apartment-how-does-it-work\/"},"modified":"2023-06-26T20:27:25","modified_gmt":"2023-06-26T18:27:25","slug":"home-insurance-shared-apartment","status":"publish","type":"post","link":"https:\/\/colivys.com\/en\/blog\/home-insurance-shared-apartment\/","title":{"rendered":"Home insurance in a shared apartment: how does it work?"},"content":{"rendered":"\t\t
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Accommodation sharing is the most choosen option by numerous students and young professionals. Practical, cheap and friendly, the way of life offers many advantages. However, it’s important not to forget to thoroughly check if certain subscriptions are covered in the rent or not, especially home insurance. Mandatory and crucial in shared housing, home insurance is a key component in protecting possessions and the civil liability of the tenants. It was created to guard against rental risks such as water damage, explosions, and fires. Choosing a home insurance for a shared household may seem complicated. Each tenant can opt to insure their portion individually, or subscribe to a single insurance plan for all the tenants. The landlord, in fact, has the right to request proof of insurance each year from their tenants. Thus, it is vital to understand the clauses of the contract, termination procedures, etc., especially if you are not used to it.<\/span><\/p>

How do you take out home insurance when in a shared living arrangement? Is it preferable for all tenants to choose the same one? If so, should an addendum to the contract be engaged if a change of tenant occurs?<\/em> Find all the answers to your questions detailed in this article!<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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What is the legislation for home insurance for shared flats?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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As outlined in Article L121 of the Insurance Code<\/strong>, a dwelling must be insured to shield its residents from risks. This is precisely why home insurance for shared living arrangements was introduced. Therefore, it is obligatory for tenants to sign up for this service. To fulfill the lease agreement, the roommates must provide an insurance certificate to the owner\/landlord within one month of moving into the shared accommodation. It can be individual if you don’t move in at the same time. Failure to do so might unfortunately result in the termination of their lease.<\/span><\/p>

There’s no need to panic immediately, though! You can completely avoid this predicament. A single subscription to a home insurance policy suffices for the whole shared housing. Indeed, one of the roommates can be the sole holder of a home insurance policy for all the occupants. Still, they must ensure that this home insurance includes at least:<\/span><\/p>