Your regular home insurance does not cover certain damages that occur during a rental, but don't worry! By using Blocket Bostad's rental agreement, you are covered by a specially designed rental insurance for damages and theft up to 1 million SEK when you rent out.
The insurance is included for free when you sign your rental agreement through us and is an important complement to your regular home insurance. Note that you still need to maintain your regular home insurance.
- Why rental insurance?
- Can I skip having home insurance?
- What is included?
- What is not included
- What is Omocom?
- How do I make a claim?
This article is about long term rentals, for information on rental insurance for vacation homes look here!
Why rental insurance?
Regular home insurance normally does not cover damages that occur during a long-term rental. Home insurance applies if someone unauthorized enters the property, but when you choose to let someone into your home or vacation home, the home insurance does not cover if the guest steals or damages something. That's why we have developed rental insurance so that you can feel safe throughout your rental.
Can I skip having home insurance?
No, this insurance is a complement to your regular home insurance and can cover damages related to the rental whereas traditional home insurance does not provide coverage. You still need regular home insurance with at least coverage for fire, water, and burglary to cover other types of damages.
It is of course important that the tenant is also insured and there is a paragraph in our rental agreement that states that the tenant is responsible for having a valid home insurance during the rental period.
What is included in the rental insurance?
The insurance covers the landlord, who can be both a private individual and a legal entity. The insurance covers abnormal wear and tear ("onormalt slitage"), damage, or loss of property during the rental where the value of the property decreases or has been lost – examples of what can be compensated are damages to furniture, fixtures, floors, and walls. You can receive compensation for:
All-risk insurance for movable property and fixtures
E.g., if the tenant drops something on the kitchen counter or spills red wine on the sofa. If the tenant were to lose the key to the property, the cost for this and lock replacement will be covered. Movable property refers to things that can be found in the property that are not fixtures, such as furniture, household items, and electronics.
Caused by the tenant, their family members, or guests.
Abnormal wear and tear ("Onormalt slitage")
The following examples are considered abnormal wear and tear and are eligible for compensation.
1. Marks on floors or walls because a child has drawn on them.
2. Wallpapering or painting without permission.
3. Damages to floors due to the tenant not using furniture protectors.
4. Broken windowpane in the property.
5. Broken toilet.
Compensation for up to 6 months' rent if the property becomes fully or partially unusable due to a compensable damage event.
You will be compensated with the difference if your regular insurance covers the damage but has a higher self-risk than this insurance, which has a self-risk of 2500 SEK paid by the tenant.
The maximum compensation amount for the insurance is 1,000,000 SEK per damage event.
What is not included in the rental insurance?
Damages that arise due to normal wear and tear and do not affect the property's function are not covered. Nor damages that are not related to the specific rental, or damages that have occurred through long-term impacts such as moisture or rot. See more examples of damages not covered by the insurance further down in the information leaflet.
You cannot get compensation for:
- Damages that can be covered by your regular home insurance.
- Damages caused by normal wear and tear (see below).
- Damages caused by house bugs and other insects or rodents.
- Damages caused by long-term impact, such as moisture, rot, fungus, rust, or corrosion.
What is meant by normal wear and tear ("normalt slitage")?
What is considered normal wear and tear can be tricky and is assessed on a case-by-case basis, but we have collected a few examples for you as a landlord to get a good idea. If you are unsure, you can contact Omocom's claims adjuster and ask if different damages are covered by the insurance, and we will be happy to help!
The following examples are considered normal wear and tear and are not eligible for compensation:
- Nail holes in walls.
- Small scratches in floors or parquet due to moving furniture.
- Minor grease stains in the kitchen.
- Smoke odor from tobacco smoke can be removed, for example, by ventilating.
- Minor scratches and/or small cracks in sinks and bathtubs.
- Marks on wallpaper from moving furniture.
What is Omocom?
Omocom is an insurance broker that distributes tailor-made insurance – A traditional insurance company, W. R. Berkley Insurance AG, is behind and assumes the risk. Omocom has a circular mindset, which means they want to promote the use of existing items and accommodations by customizing insurance for this purpose. All to make more people dare to rent out!
Omocom has its own claims adjustment team that receives and handles damage reports quickly and does its best to explain in a way that everyone can understand. If you have an insurance question or need to report a claim, it is Omocom that you contact. Omocom uses Trustly as a payment partner, which means that you will receive compensation in real time.
How do I make a claim?
Damage or theft is reported via Omocom's claims report form as soon as possible after the damage is discovered. If it concerns theft, a police report should also be made. Compensation can be made through repair, repurchase (compensation in the form of purchasing equivalent property), or in money.
If you have questions that you haven't found answers to, you are welcome to contact Omocom:
- Email: email@example.com
- Phone: +46 (0) 8 - 520 278 70
Read the full product sheet for the rental insurance.
Read the full terms and conditions for the rental insurance.