Housemates behaving badly leave house sharers out of pocket
If you’re a house sharer, then housemates behaving badly can leave you seriously out of pocket.
New research from Halifax found that more than half of house sharers have suffered a financial loss due to housemates behaving badly.
58% of house sharers reported bad habits from housemates leading to costs up to £4,600.
Some of the bad habits include staining the carpet and leaving candles unattended.
Housemates behaving badly
Two-thirds of house sharers reported their housemates caused property damage at some point during their tenancy.
One in five said they faced blocked toilets and sinks, with 15% contending with damaged furniture, and 13% needing to re-decorate damaged paintwork.
With more of us stuck inside during the current pandemic, the research found a worrying absence of contents insurance needed to protect belongings in the home.
Nearly a third of respondents said they don’t feel they need contents insurance, with 28% saying it is too much of an expense.
The average value of home contents for people sharing is £2,864 per home – yet a quarter doesn’t think they have the valuables to justify taking out insurance.
Tim Downes, Senior Claims Manager, Halifax Home Insurance, said:
Most people are spending more time indoors and adjusting to using front rooms as offices, classrooms and even gyms.
Sharing your home with others often means there are more personal items in one household which may be of material or sentimental value. Despite this, more than a third of house sharers don’t have insurance to protect their belongings in the event of accidental damage. There are a few simple actions worth taking to protect the belongings of those living under one roof at this time.
Halifax shared some top tips for house sharers, which can help handle housemates behaving badly.
What counts as contents?
Contents are those items you would normally pack up and put in a removal van if you moved home, so any fixed items such as built-in wardrobes or built-in kitchen appliances would be covered under buildings insurance. For renters, buildings insurance is the responsibility of the landlord and it is worth noting that this does not cover your personal belongings.
Do the maths
It’s important to have an awareness of the total value of your personal possessions in order to select appropriate cover and also, whether you are prepared to cover your individual belongings or your housemates’ too. Most traditional contents insurance policies tend to cover between £75,000 – £100,000 as standard but for some people, this may be beyond what they require. For example, those renting may opt for a specific renters’ insurance to protect contents up to a lower amount, such as £10,000.
The devil is in the detail
When completing checklists for contents insurance it’s important to record as much detail as you can and to update your list each time you purchase something of value to you. To help with a proof of ownership you need to remember to keep receipts, corresponding documents and potentially photographs and videos of items.
Cover on the go
Use add-ons to improve your levels of protection such as Anywhere Cover. This addition provides up to £10,000 of extra cover for up to 5 selected items for when you’re on holiday or simply on the go against accidental damage, theft or loss. Meaning that your treasured belongings are safe both in the house and when you’re out and about.