IF you are a tenant living in a house you pay rent for then you will need renters insurance to cover your possessions against loss. This short article tells you how to prepare for, shop and buy the best cover in the UK as fast as possible.
You could buy tenants insurance faster but you may pay more than you need, so note the different points and make sure you follow them. At the end of the process you will have a competitive quote and can buy in confidence that it is pretty close to as cheap as possible.
So, follow these steps:
1: Make sure you donÂt have to pay for buildings insurance Â check your tenancy agreement. As the landlord owns the property, this is normally his responsibility and for the purposes of this advice we will assume he has paid for it and you need contents insurance only.
2: Sort out what you own so you make sure you cover it all. Make a list or inventory of expensive items if you need to. DonÂt leave anything off if you can help it or else you may not get paid out in the event of a claim.
3: Any high value items over about Â£500 – Â£1000 will need to be noted specifically on the policy. If you have receipts for them then even better, put them somewhere safe.
4: Now add up all the expensive items and work out a price for everything else you own Â whether bed, curtains, food in the fridge, your clothes and perfumes etc.
5: Once you have a cost on everything you need to add them together and total it up. ThatÂs the amount of contents cover you require.
6: Decide if you want cover for items away from the property. You may want to cover a camera or computer when at college or work or holiday for example. By adding this cover you will add cost to the policy Â but it is likely to be small and the peace of mind may be worth it.
7: What excess will you be happy to pay if you suffer a claim? The higher the figure the less price for the insurance policy but the less chance you are to use it because the initial cost is prohibitive. Â ItÂs up to you.
8: Go to The Property Insurer and click on Renters Insurance and get a fast quote to meet your needs.
ThatÂs how you get fast, cheap, specialist renters insurance and make sure you are protected against loss.
The Property Insurer