Tenants’ or Rental Insurance is an extremely important part of making sure all your precious belongings are safe from fire, flood, burglary or other mishaps. “I thought insurance was just for home owners!” you say, surprised. Not any more. Tenants are just as important as home owners and deserve the same amount of protection when it comes to cherished items kept in the home.
Have you ever experienced structural damage to a property? If your rental home is damaged by a flooded bathroom, kitchen fire, etc. your landlords are likely have their own cover, but where does that leave you? You will probably be responsible for loss of all your own goods. Tenants’ insurance will cover the loss of your items due to structural damage such as this.
Tenants’ insurance can cover everything you need
If for some reason you must vacate your living space due to an accident that needs repairing, tenants insurance will be a huge asset to you. It will give you the funds you need to acquire temporary lodging, such as in a hotel or another place until you can go home again. Perhaps you experience a small kitchen fire, and it ends up spreading thick smoke through your home, causing smoke damage to furniture and other items. That would be very unpleasant, wouldn’t it? Do you have extra money to buy new furniture or other objects that were damaged? If you have tenants’ insurance everything from electronics to clothing or furniture could be covered for replacement.
Some tenants insurance policies offer discounts on home safety items
With certain types of tenants’ insurance, you can receive a discount for having special safety features in your home such as carbon monoxide detectors, fire alarms, security systems and dead bolted locks. There are usually other discounts available to consumers as well. You just need to ask the right questions when meeting with your agent. Ensure you look for the best deal in your area and check out price comparison sites
Once you have spoken with a reputable insurance agent in your local area, you may discover how small the yearly premium will be, and realize all the advantages that this type of cover can bring. With the right tenants’ insurance you can sleep easily with peace of mind.
Disclaimer
This article is provided as a guide. Any information should be used for research purposes and not as the base for taking legal action. The Tenants' Voice does not provide legal advice and our content does not constitute a client-solicitor relationship.
We advise all tenants to act respectfully with their landlords and letting agents and seek a peaceful resolution to problems with their rented property. For more information, explore the articles in our category.
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