Say goodbye to Hotel Mum and Dad and hello to your first own apartment. The day has finally arrived and you’re about to move into your own four walls. Apart from buying furniture, there are a number of organizational matters to take care of. Like taking out your own insurance cover.
What insurance is important when moving into your own apartment?
As soon as you leave home, you are no longer covered by your parents’ insurance policies. High time then to tackle the issue of insurance. It’s easier than you think. The most important types of policy you need are personal liability and household contents insurance. Depending on your circumstances, rental guarantee insurance is also recommended.
Personal liability insurance
Protects you if you cause an injury or damage to others.
You’ve barely moved into your rental apartment and already managed to scratch the parquet floor? Accidents can happen to anyone. But the cost of compensation can quickly skyrocket. Although personal liability insurance is not compulsory, it is one of the most important types of protection you can have. After all, it covers you for any loss or damage you unintentionally cause – whether it be injury to people or damage to property.
Helvetia supports you, for example, if:
you scratch the parquet floor or cause other damage to your rental apartment.
you collide with and injure another person while on your bicycle.
you spill wine on your friends’ sofa.
you have to defend yourself against unjustified liability claims.
You’ve hardly moved into your new apartment and it’s already been broken into? This is where your household contents insurance comes into play. Your furnishings, clothes, electronic devices, bike and other personal belongings are insured at replacement value.
Helvetia pays, for example, if:
a fire destroys your home furnishings.
a storm damages your personal belongings.
a burst pipe causes a flood in your home.
your home is broken into and items are stolen.
something is broken during the move. (supplementary all risks)
Are you short of cash to pay the security deposit for your new apartment? Not a problem. With rental guarantee insurance, we act as guarantor for your deposit vis-à-vis your landlord. That means you don’t have to deposit any money in a bank account.
If you spend the working week elsewhere and return home only at the weekends, you are still registered as residing with your parents. Under personal liability insurance, this means you are still covered by your parents’ insurance policy. Under household contents insurance, it means you are still covered by your parents’ insurance policy for the first year. As of the second year you have two options:
Your parents’ policy can be extended to cover a second household at another location.
You can take out Helvetia YOUniverse insurance and specify that you are still living with your parents.