Home insurance creates protection against unexpected situations – in the future, every tenant must have one

The terms of the lease change so that from 1 June home insurance becomes mandatory for every tenant. Home insurance provides security in unexpected situations and we want to ensure that our tenants do not have to pay high costs in the event of an accident in the apartment.

Student apartments do have their fair share of accidents. The tenant is responsible for any property damage caused to their own or someone else’s property. If the tenant does not have home insurance, they will usually have to cover the costs of any damage. The housing company’s real estate property insurance will only cover damage to the real estate property. Here are some real-life examples of accidents at TOAS:

“We moved into our new apartment at TOAS. We bought a dishwasher and arranged for it to be installed professionally. The cost of installation stung a little. However, we were very happy that we followed TOAS’s instructions because the installationwas not done properly and it lead to water damage. We informed TOAS and they called in a repairman. We sent a receipt of the installation work and a statement of expenses for the repairs to our insurance company. The insurance covered the costs.”

Signed, Doesn’t sting anymore

“I’d lived in my studio apartment for a couple years when I decided to get a cat. Everything went well until one day, while I was away, the cat jumped onto the kitchen counter and managed somehow to turn on the stove. When I came home, I saw a burnt plastic cutting board smoking on the stove. Luckily, I came home early enough to avoid any major damage. Still, the apartment did suffer some smoke damage and the stove had to be replaced. My home insurance covered the costs of the damage caused by my pet. If it hadn’t, I would have had to pay about one thousand euros.”

Signed, Where there’s smoke

“It’s nice to drive to school when it’s cold! If you heat up your engine in advance, you won’t even use that much fuel. The car was hooked up to the block heater as usual. In my morning rush, I started driving without unplugging the cord and, as you might have guessed, the block heater broke. The bill for the accident was EUR 400, but after some explaining, my insurance company said that the accident was covered by my home insurance.”

Signed, Unplugged

Insurance companies will advise you on matters relating to home insurance for a student apartment. Keep in mind, however, that home insurance does not cover all the damage caused by a tenant’s negligence. For example, if a tenant causes water damage by falling asleep in the shower or by installing a dishwasher on their own, they will usually have to pay the costs in full.