IF you are a tenant then chances are you will have possessions that you own and will need Renters Insurance to cover them.
This is a specialist form of contents insurance that acknowledges you are renting a property and do not have or need buildings insurance as you are a tenant. Your only concerns are for your own possessions such as TV, electronics, computers, kettles, microwave ovens, beds etc.
Renters Insurance works like typical contents insurance, so anything particularly valuable you need to note and make sure is named on the schedule. Make sure you put a realistic value on your contents as well – add up all the clothes, computer games, cash in your wallet, bicycles, mobile phones, computers, stereo systems, tables, sofas etc. and it can be a surprisingly big total, £30-£50,000 is fairly typical.
Prices for contents cover will depend on the property risk and postcode, previous claims history, whether you need accidental damage or out of property cover and the security of the building amongst other things.
To get a quote in three minutes all you have to do is visit The Property Insurer and click on the Tenants Insurance button. Then click on the Get a Quote button and fill in the form. It is short and takes just three minutes on average to complete.
The price you get will be one of the lowest possible and is backed up with a price guarantee to boot, so you can buy with confidence.
Just make sure you have all your really valuable items listed and have a good idea on the overall replacement cost for your contents. On top of this, you will need to decide what level of excess you will accept – I suggest nil voluntary excess on contents. Even a £50 excess will stop you from claiming on many things if you break or lose them and that defeats the purpose of having insurance cover. A compulsory excess of around£50-£100 is likely to be made as well.
That’s how to get Renters Insurance in three minutes.
The Property Insurer