A student protects himself against disasters that may occur in his accommodation by taking out dedicated coverage. However, you must take your particularities into account before choosing home insurance. Indeed, the offer adapted to another tenant profile is not necessarily suitable for a scholarship student. It is also important to compare existing plans to be protected at the best price.
Why should you take out home insurance for student accommodation?
It is obligatory to take out home insurance for a scholarship student renting his accommodation. All tenants are required to insure the apartment or house they occupy. This rule also applies to students, regardless of their lessor (CROUS, private owner, social actor, etc.). Fortunately, there is now a wide choice of employment contractshome insurance for students.
Given the mandatory nature of the process, students must provide proof of insurance before signing a lease. The document is also due every year. In the event of lack of insurance, the owner has the right to terminate the rental contract. He can possibly take out insurance on behalf of the tenant. However, in return, the student will have to pay an increase of up to 10% of the rent.
What does it cover?
The student’s home insurance must at least cover rental risks. This is the legal minimum required among the steps to take when moving in. With this contract, the tenant is particularly protected against damage caused by fires, explosions and water damage. The formula also includes civil liability in most cases. It will then cover damage caused to third parties.
However, it will be necessary to verify the existence of civil liability guarantee in the envisaged offer. In fact, this coverage is not part of the basic protections in the field. It is only offered by the majority of players in the sector. On the other hand, rental risks only concern damage to the accommodation. They therefore exclude the student’s belongings (furniture, computer, laptop, console, etc.).
How much does home insurance cost for a scholarship student?
The amount of rent has a great influence on the cost of home insurance for a scholarship student. Like the rent, the premium is technically based on the location, size and rental assets of the accommodation. These refer, among other things, to the accessibility of the neighborhood, existing infrastructure, nearby services and shops, etc. Therefore, it is crucial to pay attention to these elements when choose your student accommodation.
When the insurance extends to property, the subscriber must also consider his movable capital. This concept concretely designates the value of all of the tenant’s property. The student must also take the neighborhood into account, if he has taken out a contract covering damage to third parties. As an indication, home insurance is available from 1.5 euros per month (18 euros per year) for the basic offer. The price will change significantly depending on the additional guarantees taken out.
A large apartment in flatsharing will require, for its part, around 140 euros per year for comprehensive home insurance (MRH). That said, this formula covers rental risks, civil liability guarantee and furniture items specified in the contract. In addition, shared accommodation allows costs to be distributed between the occupants of the accommodation. The price therefore remains advantageous for roommates.
Is there any help to pay for it?
As a general rule, the amount ofa student scholarship can be considered symbolic. It is therefore unwise to rely on this source of income to pay your daily expenses (rent, insurance, groceries, etc.). However, some devices can help pay for home insurance for a scholarship student. Insurers can also provide specific services and preferential rates for these profiles.
Currently, students do not have subsidies dedicated to paying for their housing insurance. They can, however, benefit from the student aid provided by the CAF. In addition, they have access to support systems such as Mobili Jeune. Student associations are also great allies in finding financial support from local authorities. However, it will be necessary to look for a housing assistance, instead of a specific system for home insurance.
