What is flat insurance?

 

Flat insurance can be taken out to cover many unforeseen problems. It could be to pay for the cost of repairs should there be a leak or fire that causes damage to the property.

What type of flat insurance should we get?

They are 2 types:

1. Buildings insurance

2. Contents insurance 

1.     Buildings insurance: Covers the permanent structure of the building – essentially anything that remains when you move – for events such as fire, floods or subsidence.

1.     Contents insurance: Covers your personal possessions – anything that could be picked up and taken out of the home – against being stolen or accidentally damaged. 

Can I get contents insurance for a shared flat?

1.     If you live in a shared flat, you may still want to protect your own belongings and you probably don’t want to have to pay to cover anyone else’s stuff. You can take out flat contents insurance, or renters insurance, which covers everything in your room.