Home Insurance Advice for Tenants of Rental Properties

I rent my home and understand the importance of having home renters insurance.  I learned my lesson the hard way when my property was damaged during a time when my previous apartment was flooded and I found out the apartment complex wasn’t responsible.  The below post is brought to you by a guest blogger.

In a lot of ways, it can be more difficult to rent a property than to own your own home. One area where a lot of people have problems is home insurance. Home contents insurance and buildings cover is not exactly the same when you rent a property, but you may still need to take out a policy.

Landlords are generally responsible for buildings insurance

The owner of your property is usually the one who will need to worry about getting buildings insurance quotes, and this is because he or she is responsible for the maintenance of the building. Before you move into a new property, however, it is always worth checking that a comprehensive buildings insurance policy is in place.

Contents cover is a good idea for tenants

As you move all of your own possessions in with you when you become the tenant of a property, you are responsible for protecting them from damage. This means that you will need to get a contents insurance quote and pay for a policy yourself – this isn’t your landlord’s responsibility.

Home contents insurance provides financial cover for your possessions in case they are damaged by fire or floods or are stolen as part of a burglary.

Furnished rental properties may come with some level of contents cover

If your property is furnished by your landlord, he or she may have got their own home insurance quote to protect their furniture and appliances. This is another thing you should check with your landlord before you move in.