Home Insurance for People Who Rent

Your landlord will probably have buildings insurance to cover the actual building that you rent. You need to insure anything of yours that you keep in the property with a separate contents insurance policy.

The least expensive contents insurance policies protect you against financial losses if your things are damaged or destroyed by fire, theft or flood. For a slightly higher premium, you can get cover for your possessions even if they are damaged or stolen when you are outside the home. This can be especially useful for expensive items like laptops, mobile phones and jewellery.

If the home you rent is fully furnished by the landlord, then the chances are that the costs of mending or replacing any damaged items will be taken out of your deposit. You may want to take out a special tenants contents insurance policy which will protect your deposit. Shop around and you will find that these policies can be very reasonably priced.

I you share your rented property with others, you can insure your belongings separately or you can look at a joint policy. This can work out cheaper so it is worth shopping around.

When you take out your policy you will have to give an estimate of the total value of all the items you wish to insure. The greater the amount, the higher the premium, but dont be tempted to give a lower value than you would need to replace them all or you will lose out if you need to claim.

Keep in mind that for your landlord the security of your possession may not be as high a priority as it is for you, so if you have any concerns about the security of your rented home then be sure to raise this with them. Windows which have no locks and a lack of a burglar alarm could make your house an easy target for burglars.

When you first move into a rented property ask the landlord about changing the locks. If the locks have not been changed, previous tenants may still have copies of the keys to your home and could use them to steal your things.

Also ask your landlord about checks to gas appliances and make sure you mention any faulty or damaged electrical appliances. Insist that smoke alarms and carbon monoxide detectors are fitted and test them regularly.

Keep an inventory of all the things that you own that you wish to insure, with receipts if possible particularly for expensive items like computers, mp3 players and cameras. This will help to get your claim processed quickly if you should be unlucky enough to have to make one.

Visit Kwik Fit Insurance where you can call up competitive house insurance quotes in no time.

Article Source: http://www.thecontentcorner.com

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