As a tenant, it is in your interest to be sufficiently insured. You can do this in various ways:
1. Through your landlord
1.1 Tenant's liability
Your landlord can make sure that both his or her own property and the liability of the tenant(s) are insured by his insurance policy. He can then pass on the additional cost of this to you in the rent. The landlord's insurance provider will cover any damage to the building and its contents (the tenant's personal effects) under this insurance policy and will not try to recover the losses from you, the tenant.
The rental agreement must state clearly that the landlord waives the recovery of losses from the tenant, and that he or she will instead recover any losses through the insurance provider.
In principle, the tenant will not require any extra fire insurance in this case to cover 'tenant's liability'. Are you renting a room? Then check if there is a waiver of recovery. Read your rental agreement or ask your landlord.
Please note, however, that having fire insurance with a "waiver of recovery" as a tenant does not mean that you are not at risk. Even if your landlord has a fire insurance policy that includes a waiver of recover, this will not entirely negate the need for the tenant to be insured:
1.2 Liability vis-à-vis third parties
- usually, the tenant's liability vis-à-vis third parties is not covered unless the landlord extends his or her fire insurance policy to include this risk
- your personal effects are not covered
- Your liability vis-à-vis third parties (for example, the other tenants of the student house or the neighbours) can also be covered by your landlord's insurance policy. Ask your landlord for more information! If the landlord's insurance (with waiver of recover) does not cover this risk, it is in your interest to make the necessary supplementary arrangements:
- by having your parents extend their fire insurance policy to cover this (check this with an insurance broker or your parents' insurer). Please note that you can only do this if your home address is your official address;
- by taking out separate insurance for this.
The landlord's insurance will not cover any damage to your personal effects! Your parents' fire insurance may cover your personal effects and furniture, since they have been temporarily moved to your student accommodation. Check this in your parents' insurance policy.
This is only possible if you are still registered as living at home! If this risk is not covered, we recommend taking out a separate insurance policy with an insurer or a bank. Extra insurance for your personal effects is a personal choice but please note that the value of your personal belongings can increase quickly, if for example you have a computer, a printer or a microwave in your student accommodation.
If you no longer live at home (and have your own permanent address) then you will have to take out your own insurance.
2. Taking out your own insurance
If your landlord's rental agreement does not include a waiver of recovery and/or you are not (fully) covered by your parents' insurance policy then you will have to take out your own fire insurance. This should cover the three risks: tenant's liability, liability vis-à-vis third parties and damage to your own personal effects. Contact an insurance provider or a bank for more information.
Ethias, Generaal Lemanstraat 27, 2018 Antwerp, tel. 03 203 41 41