Home contents insurance for tenants
Landlords will usually be responsible for insuring the building that you live in as a tenant, but your own contents that you keep within the property will be your responsibility to insure. You will need to cover them adequately in case of an incident such as break-in or fire that results in you needing to replace a number of your belongings. This is where renters or tenant insurance will come in.
Your tenant contents insurance will cover the general furniture and belongs that you keep in your home to go about everyday life. These will be covered against all of the standard issues that could cause damage to your property, such as fire, smoke, theft, escape of water or storm damage. When a policy is taken out you should always check the policy wording so that you know exactly what is and isn’t covered.
Benefits of a CoverBuilder tenant insurance policy:
- Full contents cover available – protect your important belongings
- Avoid paying for cover you don’t need
- Cover for Landlord’s fixtures and fittings
- Personal possessions cover available for items such as mobile phones
- Full quote and buy online
- Tenants liability included
Cover for your personal possessions
At CoverBuilder, we also provide the option to include personal possessions cover on your tenant’s insurance policy. By selecting this optional cover, items such as mobile phones, laptops or expensive handbags can be covered against damage, loss or theft both within your home and when you are out and about.
Specified personal possessions:
Any valuables that you want cover for that are worth more than £1000 will need to be listed individually on your policy.
Example: a diamond engagement ring worth £1800 would be a specified item. This doesn’t need to include general furniture such as sofas or beds.
Unspecified personal possessions:
If you want cover for personal items which are worth less than £1000 individually then you can cover them as unspecified personal possessions, under a blanket cover. This category includes items such as mobile phones or tablets. You will not need to duplicate specified items in this section.
Some lease agreements will state that as a tenant there are certain parts of the building that you are responsible for, for example kitchen units. In this situation, you could claim for these under your tenant contents insurance policy. This is included as standard within your CoverBuilder tenant policy. You will be covered for damage caused by standard insured events such as fire, flood or explosion.
Such cover can provide peace of mind for you as a tenant that your contents insurance will cover your landlord’s fixtures and fittings. Cover is not provided for damage that is caused by any paying guests at the property, or for any losses that occur after your home has been unoccupied for over 30 consecutive days. The maximum amount that will be paid out for a claim relating to your tenant’s liability is £5000.
Example: A fire has broken out in the kitchen and ruined the kitchen units. In your tenancy agreement it has been stated that you are responsible for these. Your policy will therefore pay out to replace these, as well as any contents of yours that have been damaged.