It is essential as a tenant to take out contents insurance to protect your possessions.
A landlord will only have insurance to cover loss or damage to the building and in some cases, if the property is furnished, loss of these items too.
There are lots of home contents insurance products on the market and the standard cover isn’t always tailored to suit the needs of a tenant. That’s why many landlords and agents offer simple, straightforward and inexpensive home contents insurance policies, specially designed for their tenants.
Tenants contents insurance schemes will cover most of the same things as a standard home contents policy and in the event of a burglary, fire or flood, your insurance will cover the cost of replacing your personal belongings.
Some policies will also cover accidental damage to both your belongings and those of the landlord such as furniture and furnishings, theft of keys and damage to freezer contents.
While many landlords do offer tenant contents insurance policies, it isn’t something available to all tenants.
