UKinsurancenet have specialised in residential property insurance for many years, whether you are a landlord or a tenant we can help.
Tenants Contents Insurance
Tenants and landlords very often overlook this. Generally for the tenant who has paid the first months rent + a deposit + administration fees in order to move into the property, insurance is the last thing on their mind.
Although a conventional home contents policy will give a basic degree of cover, for most insured perils it is not specifically designed for tenants and there can be some major gaps in the cover you need. Often the minimum sum you can insure for will be far in excess of what the tenant needs, typically a minimum of £10,000 - £12,000.
If the tenant has adequate insurance these events will be covered, thereby protecting your deposit.
Recent studies have shown that only 1 -20 tenants have any contents cover at all.
There are countless examples of tenants who have experienced a loss through, burglary, fire, flood or other insured peril, which has damaged their contents and have been horrified to discover the landlord has not insured their personal possessions. They have been left with the cost of replacing the items themselves.
Any items a tenant takes into the property, then it is their responsibility to insure these items. Most policies will give an option for basic cover which can usually be extended to cover high risk personal items which are taken outside the home, on holiday or Worldwide i.e. cameras, sports equipment, clothes, jewellery etc.
In certain high-risk inner city post codes there will usually be a requirement to have minimum-security locks on doors and accessible windows.