More people in the house also means more propensity for accidents.
Insurers see shared houses as more risky, since they tend not to know anything about your co-habitants.
This rating currently works on a number of occupants – but it doesn’t yet look at who those occupants are…
For example, it is reasonable to assume that a family of 4 might have a different risk profile to 4 strangers living together in a flat-share.
Improvements to this rating factor are already underway.
We are working towards a model where individual Wrisk accounts can be connected – which will allow for all kinds of clever stuff around sharing risk (eg. flat-share, car-pooling etc) to happen.
At Wrisk we are trying to help build up a really personal and accurate profile of your risk – and we still have a bunch of work to do.
Help us improve this rating
Wrisk isn’t like a normal insurance service – we are always learning and that includes improving the way we assess risk. If you think this Wrisk Factor should be rated differently – please tell us why.
If your feedback results in a rateable change that can be validated as truly predictive by our actuaries and data-scientists – we’ll reward you with an instant credit to your Wrisk balance and/or some Wrisk swag! :-)
Please remember that the validation process can take some time as we need to correlate stuff against historic claims information. Also – evidence with data beats opinions every time.