You don't have to take out home insurance if you're a tenant.
People often think the owner of a home has to take out home insurance, but watch out! That doesn't mean the cover they've chosen also includes the tenant's belongings (contents).
That's why it's always a good idea to have rented home insurance, even if it isn't compulsory.
If the owner already has home insurance, the cover isn't duplicated if you take out your own. Your landlord may be very nice, but we doubt they're nice enough to pay for insurance covering your things (your contents) and your civil liability. As a tenant, you need home insurance designed for tenants that protects your belongings.
We don't usually think about taking out tenant insurance because it doesn't occur to us, or we assume our landlord's insurance covers us. It doesn't! Their home policy covers the building, but not you or any damage to your things. It doesn't cover your civil liability either.
So yes, it's well worth it. As you can see, tenant home insurance isn't compulsory, but it is recommended.
It's the amount you'll pay yourself if you make a claim. For example: with a €150 excess, for water damage with €1,000 of compensation, you'll receive €850; the first €150 is on you. The higher the excess on the tenant home insurance you choose, the lower your monthly payment.
If, for example, you take out insurance with no excess, you won't pay anything out of pocket if something happens.
Yes, you must tell the owner about any incident, damage or breakdown in the home and, if you know it, the likely cause.
The owner should always know what has happened, and they can often help you sort it out. By law, they're the one who has to carry out all the repairs needed to keep the home habitable, as long as the breakdown wasn't caused by misuse or deliberate damage by the tenant.
Just in case, it's highly recommended to have home insurance for tenants.
To work out your contents when taking out Lovys tenant home insurance, it's important to value and list all your belongings at their market purchase price. To make sure you don't miss anything, go room by room and write down everything you want to insure.
Include everything from your furniture to appliances, lamps… and valuables like jewellery, electronics and so on. You might try to shorten the list in case the premium gets too high, but this protection matters: if something goes wrong, it will save you money.
Jewellery and high-value items such as musical instruments, home cinema systems, digital cameras and other items of special artistic, historical or technological value are called valuables in home insurance policies. Cash, cheques, cards and other means of payment, up to the sum insured shown in your specific conditions, also count as high-value items.
If you take out Lovys tenant home insurance, your policy only covers you as a tenant and you can't add any flatmates. If, for example, there are 3 of you renting, each of you will need your own home insurance policy.
The owner or landlord of your home can take out tenant insurance for you, but it probably doesn't make much sense, because they won't pay for your belongings or your civil liability. So they could, but we're 99% sure they won't.
Lovys is a French insurtech founded in 2017 and operating in Spain since 2021. We're a digital insurance company making insurance fairer, more transparent and simpler. We build the product from scratch (here, Lovys tenant home insurance), sell the policies and handle the claims. All backed by the financial strength of Wakam, our insurer. So we're happy to say yes, you can absolutely trust Lovys.
Nothing could be easier than getting a personalised quote. Click “Get a quote” and fill in the details. It won't take more than 2 minutes.
If you decide Lovys is for you, once you sign your contract and your home insurance policy is active, you can check your documents whenever you like in your client space on the website.
The first payment for your tenant home insurance is instant and must be made by credit card. After the first payment, you can change it from your client space. And because at Lovys we believe your freedom as a customer comes first, our tenant home insurance is paid month by month.
The difference between our rented home insurance plans is how much cover they offer. Whichever you choose, at the end of your purchase you can also add the assistance pack you want (Basic, Essential or Comfort).
The Basic assistance pack is included in all 3 plans at no extra cost. In all 3 plans you can customise your tenant policy for your contents, choosing the amounts and the excess you prefer.
If something happens, let us know through your client space or the Lovys app (available on the App Store or Google Play). The steps are:
Remember to report the claim within 7 days of finding out about it. If you miss this deadline, you may be held liable for any loss caused by the late report.
To cancel a tenant home insurance policy, you need to tell your insurer one month in advance. If your policy is due to renew soon (they usually last a year), we can get started so you can join Lovys.
With Lovys, you can cancel your tenant home insurance whenever you no longer need it. We believe your freedom as a customer comes first; that's why our rented home insurance is paid month by month.
