Often, tenants think that if their belongings are damaged while they’re living in a rental property, their landlord’s insurance will cover the cost of repairing or replacing them. But, even if the damage is caused by a problem with the property itself, such as a leak, or through a third-party incident, like burglary, the landlord’s insurance only extends to their property and contents.
So as a tenant, it’s important to take out your own rental insurance if you want peace of mind that your possessions are covered against accidental damage, whatever the cause, and you don’t lose out financially if the property becomes uninhabitable.
Naturally, one of the first questions is: how much does rental insurance cost? And the answer is that it can vary quite significantly, because the premium is calculated according to a number of different factors. These usually include:
As always, your insurance cover is subject to terms, conditions and policy limits, so it’s important to make sure you understand not only what an insurance policy can cover, but also what could invalidate that cover.
For more detailed policy information and to get a quote online, visit our website. And if you’d like to discuss your requirements to make sure you have the right level and type of cover, you can call the team on 01903 890044 or email email@example.com and we’ll get right back to you.