Tenant Insurance Guide

1. Why tenants need specialist insurance

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Tenants need specialist insurance to protect themselves against any damage to their personal items.

Items of both financial and sentimental value should be protected against any unforeseen loss. This is especially true when you are a tenant as you will not be covered against any building fault. For example, if a pipe were to burst you wouldn't be able to claim unless you had contents insurance.

As a tenant, you're using your landlord's property and its contents on a daily basis and you will be financially liable for any breakages. It is therefore also important to cover yourself for any damage that may be caused to your landlord's property and the items within it.

2. Tenant contents insurance

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Tenant contents insurance is necessary to cover the cost of any loss or damage to contents owned by you or your landlord. Tenant content insurance will also generally protect you in the event of burglary or theft.

Some content insurance policies will also cover tenants for any alternative accommodation needs.

Tenant contents insurance usually provides cover for loss or damage caused by events such as:

• Storm or floods, fire, explosion, lightning or earthquakes.
• Escape of water from a fixed water installation, drainage or heating installations.
• Subsidence.
• Theft or attempted theft.
• Malicious persons.
• Falling trees or branches.
• Breakage or collapse of external objects such as TV or radio aerials.
• Accidental breakage of mirror, glass, audio and audio visual equipment.
• Damage caused by human disturbances such as riots, civil commotion.
• Loss of keys.
• Loss of damage to frozen food.

Coverage will differ between insurance companies so check your policy documents.

3. The cost of tenant insurance

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The cost of your tenant insurance premium will be influenced by a number of factors including:

• Value - The higher the sum insured, the higher the premiums.
• Location - some areas may require you to pay a higher premium.
• Property security - NACOS approved alarms, lockable windows and 5 lever mortice locks help to reduce premiums.