Do you need coverage for items inside our rented property. A renter’s property insurance can cover up property losses for those who are tenants, since home insurance possessed by landlords doesn’t tend to cover renters’ personal property. However, rental property insurance is nothing but a landlord’s buy to let property insurance.
Be it rental property or renter’s property, the only difference in the coverage is that, renters covers those items which are owned by the renter and landlord’s rented property covers only those items owned by the landlord and is in use for the tenant. In other words, if a landlord has taken an insurance for his rented out property, it only means that a tenant will not have coverage for the valuables he has in a rental unit.
If you as a tenant or renter need protection for items owned by you, you should seek for a separate insurance. It is also known as apartment insurance. So far, one has read articles written to protect landlord’s owned content, but little does one realise that a tenant also has valuable items in his house. Protect your personal belongings, even tenants have a right to protect their belongings in a rental unit. In addition to this, it also covers financial protection to those injured at your rental property. A tenant living in that house will not be liable to pay for any injury inflicted on a guest, relative or friend who has visited his house, instead this amount will be covered by the renter’s insurance.
Television
Furnitures
Jewellery
Garden accessories
Computers, laptops
Other electrical appliances such as stereos, dvds, vcr’s, cd players, freezer, dishwasher, refrigerator, oven, stove, dry vacuum, vacuum cleaner, microwave.
In case of any disaster or untoward incident such as theft, earthquake, explosion, fire or flood, smoke, subsidence etc, your belongings will be protected by your insurance cover. Building insurance covers the external part of the building and content insurance covers items in side the house, but there are some exceptions such as garden equipments and those items which are kept outside the building or carried outside. Understand your insurance policy properly and then avail them.
If you stay some where else when your rented house is getting repaired, you will be covered accommodation expenses too. It also protects one from any liability if some one sues you for the injury caused with in your apartment or building. If the tenant is supposed to maintain the property but does not and someone is injured on the premises, it is the tenant and not the landlord who may be liable for this problem.
Kirthy Shetty, Platinum author. For more information on:
Buy to let property insurance
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