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Insurance for people who rent their homes
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Posted On :
Jul-09-2009
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Article Word Count :
415
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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.
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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 most basic policies cover your financial losses if your possessions are damaged or destroyed by fire, theft or flood. You can opt for cover for taking things out with you, like mobile phones, jewellery and laptops.
If you rent a home which is fully furnished by your landlord, then it is likely that any costs for mending or replacing any damaged items will come out of your deposit. You may want to get a special tenants contents insurance policy to protect your deposit. Shop around and you will find that these policies can be very reasonably priced.
If you share your rented property with others, some insurers offer special joint policies for tenants. This can be a cheaper option than each of you getting separate contents insurance. There are some great deals out there, but do ensure that any very valuable items you own are covered and that the maximum cover is sufficient.
You will need to give an estimate of the total value of all the things you want to insure. The higher the amount, the higher the premium, but dont say less than your things are worth or you will lose out if you need to claim.
Remember that your landlord may not treat the security of your belongings as a priority, so if you are concerned about the security of your rented home then be sure to raise this with them. Windows that do not lock and a lack of a burglar alarm could make your home an easy target for thieves.
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.
Dont forget to ask your landlord about checks to gas appliances and make sure you mention any faulty or damaged electrical appliances. Dont use any appliances that have worn cables or exposed wires. Insist that smoke alarms and carbon monoxide detectors are fitted and test them regularly yourself.
Make sure that you keep an inventory of items that you own, with receipts if possible particularly for expensive items like computers, mp3 players and cameras.
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Article Source :
http://www.articleseen.com/Article_Insurance for people who rent their homes _1659.aspx
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Author Resource :
Visit Kwik Fit Insurance where you can call up competitive house insurance quotes in no time.
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Keywords :
home insurance,
Category :
Finance
:
Insurance
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