What is Tenants insurance?
When you rent property, even if it is not for a long period time, it will most likely be in your best interest to get cover for your contents. Several insurance companies provide a specialist policy for renters of property called tenant's insurance, or sometimes called renters insurance. Almost all policies offer cover for renters of private property. Many also provide cover for renters of council properties, and some provide cover for renters of housing cooperatives.
Whether the property you are renting is a furnished or an unfurnished property, you will most probably have paid a deposit to your landlord, usually one month's rent, which is partly to secure the flat, and also to protect the landlord against damage to their property.
If the property is fully furnished, and you do not own the contents, you will still be responsible for certain types of damage to them. This doesn't normally mean normal wear and tear of furniture, but damage that can be attributed to the irresponsibility of you or that of any of your visitors can be charged to you, and taken off your deposit.
However, as you can be held responsible for accidental damage to your landlords' property, you can cover yourself for this as well.
The landlord actually has to insure their contents too, but you may want to cover the value of your deposit. Also, you may have some personal possessions in the furnished flat which you will want to cover.
If you are renting an unfurnished property, you are responsible for insuring your own contents and possessions. You can also cover your personal possessions that are kept outside your rented accommodation by extending your policy to "all risks".
You can cover yourself for household goods, personal effects, furniture, coins, stamps and other collections, as well as other valuables. You could even have cover for the value of the frozen food in your deep freezer in case it breaks down and all your lovely food is ruined. Sometimes, you can be covered for loss of cash and anything else that belongs to you or items you are legally responsible for. You can cover yourself against all of the usual standard risks, but ultimately, this kind of insurance is covering you for the value of your personal possessions along with the deposit you have paid.
Landlords are completely responsible for getting buildings insurance, because it is their property, and they should also get contents insurance to cover their property in the flat. The deposit may not be enough to cover all of the possible damage that can occur when the landlord's property is rented out. The correct landlord's insurance in place, together with careful referencing of the tenants, could reduce the risks a landlord takes on significantly.
Often you will have to fill out the form as if you are looking for buildings insurance also, then exclude this option at the end. With some, you may have to get the quote for buildings and contents, then change your options and requote.
When you rent property, even if it is not for a long period time, it will most likely be in your best interest to get cover for your contents. Several insurance companies provide a specialist policy for renters of property called tenant's insurance, or sometimes called renters insurance. Almost all policies offer cover for renters of private property. Many also provide cover for renters of council properties, and some provide cover for renters of housing cooperatives.
Whether the property you are renting is a furnished or an unfurnished property, you will most probably have paid a deposit to your landlord, usually one month's rent, which is partly to secure the flat, and also to protect the landlord against damage to their property.
If the property is fully furnished, and you do not own the contents, you will still be responsible for certain types of damage to them. This doesn't normally mean normal wear and tear of furniture, but damage that can be attributed to the irresponsibility of you or that of any of your visitors can be charged to you, and taken off your deposit.
However, as you can be held responsible for accidental damage to your landlords' property, you can cover yourself for this as well.
The landlord actually has to insure their contents too, but you may want to cover the value of your deposit. Also, you may have some personal possessions in the furnished flat which you will want to cover.
If you are renting an unfurnished property, you are responsible for insuring your own contents and possessions. You can also cover your personal possessions that are kept outside your rented accommodation by extending your policy to "all risks".
You can cover yourself for household goods, personal effects, furniture, coins, stamps and other collections, as well as other valuables. You could even have cover for the value of the frozen food in your deep freezer in case it breaks down and all your lovely food is ruined. Sometimes, you can be covered for loss of cash and anything else that belongs to you or items you are legally responsible for. You can cover yourself against all of the usual standard risks, but ultimately, this kind of insurance is covering you for the value of your personal possessions along with the deposit you have paid.
Landlords are completely responsible for getting buildings insurance, because it is their property, and they should also get contents insurance to cover their property in the flat. The deposit may not be enough to cover all of the possible damage that can occur when the landlord's property is rented out. The correct landlord's insurance in place, together with careful referencing of the tenants, could reduce the risks a landlord takes on significantly.
Often you will have to fill out the form as if you are looking for buildings insurance also, then exclude this option at the end. With some, you may have to get the quote for buildings and contents, then change your options and requote.
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