Is it wise to take out contents insurance if I am living in an anti-squatting situation?
Content insurance has many advantages. When you live anti-squatting, you live more in uncertain circumstances. Therefore, the contents insurance will be different than for someone who has a permanent rental contract. Before we go on about the contents insurance, we will first explain what anti-squatting means.
What does antisquatting mean?
Anti-squatting means that a house is temporarily unoccupied, but occupied by a small group of people called anti-squatters. They protect the house who are going to squat illegally. When you decide to live anti-squatting you do not sign 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 duration of your loan contract. So you can suddenly be sent away from the property. In addition, things can move quickly 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 find a new home.
What does contents insurance for anti-squatting mean?
Content insurance for anti-squatting is actually exactly the same as content insurance for homes with a rental contract or mortgage. A contents insurance covers all your possessions in your house. Please note: these are only the items that you can actually move. For example, your bed, closet, television, couch, etc. Things that you cannot move easily, such as your kitchen and floor, are not covered by the contents insurance but by the building insurance. With this insurance you know for sure that everything that is attached to your house is covered.
What do you need to look out for?
When you live in an anti-squat house, most insurers consider it a greater risk. For example, it is a difficult point that you do not know exactly for how long you will need the insurance. After all, you can be evicted within two weeks. If you want to cancel your home contents insurance after a short time, this can cost insurers money. Insurers therefore charge a higher premium for people who live in anti-squatting arrangements.
Another important factor is that insurance companies do not regard anti-squatting as safe. They are more likely to see unsafe conditions in anti-squatting than in normal rented accommodation. This is another reason why insurers apply a higher premium for anti-squatters.
In addition, the premium is also calculated on the basis of location. The address you provide is used to calculate the amount of your premium. So if you indicate that you live in an anti-squat house, the premium will be higher.
How do you get the best premium?
You can compare different premiums from insurers. Make sure that you compare insurances with the same type of coverage, because you cannot compare apples and oranges. Always mention that you live anti-squatting. Failure to do so may have consequences. If, for example, you suddenly suffer damage to your belongings, the insurer may decide not to pay for the damage.
How do I take out home contents insurance?
You can easily purchase contents insurance on our website. With our handy tool, we calculate the best premium for you. Do you still have questions about our Content insurance anti-squatting? Then please contact our customer service every working day from 08:00 to 18:00.
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