Home Insurance Rules When Subletting in Sweden

When you rent your property, one of the first questions that comes up is: "Do we need to keep our home insurance?". Yes, you do and we recommend that you contact your insurer since it varies between providers regarding how your policy is affected. When we last benchmarked (summer 2016) the major home insurance providers in Sweden we presented the following scenario when asking below questions: "I have a house insurance (in this case we said we owned a free standing house with a deed) with you. I am going to rent it to either a company or a private individual and want to check that current insurance plan is sufficient." 

Do I need additional insurance when renting out my property?

1. IF Försäkringar: IF said that if the tenant was a corporation, the co-pay increases to SEK 5.000 and a 20% increase in Premium if you rent to a private individual. 

2. Trygg Hansa. No additional insurance needed and no changes are made to the policy. 

3. Länsförsäkringar. No additional insurance needed and no changes are made to the policy. 

Naturally, you should always call your insurance company and see what is the specific case for your policy. You should also be wary of rental agents that sell you landlord rental insurance, this is equivalent to buying an extra insurance for your new laptop. Most likely completely unnecessary as your home insurance that you need to keep covers the same liability. 

What happens to the travel policy that is part of my home insurance when renting out my house?

A home insurance generally has a couple of different parts of the insurance, one part that insures the property and another that gives you coverage when traveling. As the policy holder, the travel insurance covers you even if you are not a resident of the address of the property. However, it does not cover your family members unless they are registered with Skatteverket as being a resident of the address (folkbokförd). 

Rental Insurances and Guarantees

Rental Insurances and Guarantees

Do you need to buy expensive add-on insurance when you rent your home? What do all these "Trygghetsförsäkringar" and rental guarantees that you see on the Swedish rental market really mean?

What is included in a furnished Swedish rental?

What is included in a furnished Swedish rental?

What is expected in terms of inventory when renting a furnished rental in Sweden?

Taxation for Swedish Sublets

Taxation for Swedish Sublets

How are you taxed when you sublet a home in Sweden? It varies depending on the circumstances of your sublet. We have compiled frequently asked questions about how taxes are assessed. 

How to do a move-in report when renting property

How to do a move-in report when renting property

Step by step guide on how to do your own move-in report when renting out a property in Sweden. 

Checklist of things to think of before turning over your home

Checklist of things to think of before turning over your home

What are the important things to think of before turing over your rental in Sweden? Checklist of cirtical components in order to have a secure sublet by crossing the i's and crossing the t's. 

3 Critical Components of a Swedish Sublet

3 Critical Components of a Swedish Sublet

What are the three critical components of all Swedish sublets. If you do these 3 things correctly, you will have increased your chances of having a smooth tenancy. Check the list!