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The importance of Tenants’ Insurance

Tenant’s or Rental Insurance is an extremely important part of making sure all your precious belongings are safe from fire, flood, burglary or other mishaps.

the importance of tenants insurance

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.

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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.

The Tenants' Voice works in conjunction with Deposit Recovery Claims to assist tenants.

If you experience problems with your tenancy deposit, have disrepair in your rented property or suspect that your landlord should have a licence to rent your property but does not have one then you can receive a free consultation by calling our advice service: Call Tenant Assist on 0333 344 3788.

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