Is it smart to get contents insurance if I live anti-squatting?
Home contents insurance has many advantages. When you live anti-squatting, you live more in uncertain circumstances. As a result, contents insurance will be different than for someone on a permanent lease. Before we discuss contents insurance further, we will first explain what anti-squatting means.
What does anti-squatting mean?
Anti-squatting means that a property is temporarily vacant but occupied by a small group of people called anti-squatters. They protect the property who are going to want to squat the property illegally. When you decide to live anti-squatting you do not enter into a rental agreement, but a loan contract. Because of this contract, you will have far fewer rights than if you had a rental agreement.
For example, you have no say in the length of your loan contract. Thus, you may suddenly be evicted from the property. In addition, things can move quickly, for example, if the landlord has found a tenant for the property. You may then receive a letter asking you to leave the property within two weeks. You then have very little time to look for a new home.
What does contents insurance for anti-squatting include?
Contents insurance for anti-squatting is actually exactly the same as contents insurance for homes with a lease or mortgage. Contents insurance insures all your belongings in your home. Note that these are only the items you can actually move. For example, your bed, closet, television, couch ect. Items that you cannot easily move, such as your kitchen and floor,are not covered by contents insurance, but by buildings insurance. With this insurance, you can be sure that everything attached to your home is also covered.
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What should you pay attention to?
If you are living in an anti-squatting house, most insurers consider it a greater risk. For example, one tricky issue is that you do not know exactly how long you will need the insurance for. After all, you can be evicted from your home within two weeks. If you want to cancel your contents insurance after a short time, this can cost insurers money. Insurers therefore charge a higher premium for persons living anti-squatting.
Another factor is that anti-squatting housing is not considered safe by insurers. They tend to see more unsafe conditions in anti-squatting than in normal rental housing. This is another reason why insurers charge higher premiums for anti-squatters.
In addition, the premium is also calculated based on location. The address you provide is used to calculate the amount of your premium. Thus, if you indicate that you live in an anti-squatting apartment, the premium will be higher.
How do you get the best premium?
You can compare different premiums from insurers. Be sure to compare insurance policies with the same type of coverage; after all, you can't compare apples to oranges. Also, always mention that you are living anti-squatting. Failure to do so could have consequences. For example, if you have sudden damage to your belongings, the insurer may decide not to pay the claim.
How do I take out contents insurance anti-squatting?
You can easily take out contents insurance anti-squatting on our website. Our handy tool will calculate the best premium for you. Do you have any questions about our home contents insurance? Then you can contact our customer service every working day from 08:00 to 18:00.
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