What’s the impact of a lodger on my home insurance?
Firstly, you’ll need to tell your home insurance provider that you’re renting out a room. If you don’t, you could find that your policy is invalid should you have to make a claim.
You may have to pay extra to extend your cover. Your provider could ask you to include extra liability insurance to cover you if your lodger takes you to court – they fall down the stairs, for example, and injure themselves.
Your insurance provider may add exclusions to your home insurance. For example, you might not be covered for theft from your home if there’s no obvious sign of a break-in.
It’s possible that your provider might actually refuse to cover you because they consider having a lodger is too big a risk. If that happens, use our comparison service to help you find an alternative insurance provider.