If you are living in a rented home you should still take steps to insure your possessions with tenants contents insurance. Your landlord will not be paying to cover your home contents which includes items that the landlord has left in the property for your use. You will be liable to pay for these items if you have not insured these possessions against these unfortunate events :-
- Flooding
- Theft
- Damage
- Fire
If damage or loss has occured then the costs will be deducted from your deposit unless you have the correct insurance which will cover you for the losses.
.The levels of cover on a Tenants Insurance policy can vary and you might not need certain elements of a superior policy. If you need to you can pick a basic level of protection to suit a smaller budget.
Your policy can include, for instance, cover for accidental damage to fixed sanitary ware and glass. You can extend your insurance cover further to include public liability insurance for visitors to the property. This would come into force if your visitor suffered any injury, loss or damage to their belongings whilst in the home you are renting.
You will find that cover for contents varies from £3,000 to over £150,000 and can include items such as a Laptop, MP3 player, iPod, mobile phone and your PC.
Some policies will cover your possessions on a ‘New for Old’ basis and you can replace stolen goods with new items. Many policies will cover lost keys, downloaded music and can be extended to cover your belongings whilst you are out of the home for up to 30 days.
