If you live with your partner and you have home insurance that you hope will cover your possessions as well as your partner’s, it is likely that it will not extend to your partner’s things if it is in your name.
This means that in the event of damage occurring to your partner’s possessions, they will have to fork out to get them replaced which could cost them thousands of pounds.
However, you could prevent this by adding your partner to your home insurance policy as a ‘joint policy holder’.
Having another person named on your policy will entitle them to make a claim on the home insurance if something were to happen to their things.
If the reason for not adding your partner on the home insurance policy in the first place was because you were worried about the extra cost, then you will be interested to know that often insurance companies allow you to add a joint policy holder at no additional cost.
The only aspect of this that could be deemed as negative is that the cover you have bought will then be shared between the two of you.
Therefore, if you do add a joint policy holder to your home insurance policy, it is probably best to check how much cover you have by looking at your policy documents and work out if they cover you have will be enough to replace all of your, and your partner’s, possessions in the event of total loss in case of fire or theft.
If it turns out that the cover you have will not be enough, it will likely be a lot cheaper to increase the cover than for your partner to take out a policy of their own.
Click on the link to compare home insurance
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