IF you are a new tenant then the last thing on your mind may be renters insurance but it should be the first thing before you even move in.
The fact is that as soon as you move your belongings into your nice new let property then you are liable for their loss if you have no cover in place.
Just add up what it would cost to replace everything you own. Television, computers, microwaves, bed, sofa, clothes, mobile phone, books, bikes Â the list just goes on and on. Replacing the lot will be thousands and in some cases tens of thousands.
Imagine on your first day the flat burns to the ground and you do not have insurance in place? YouÂll have to replace everything yourself and no insurer will give you credit if you tell them you were going to buy it the next day. You need tenants insurance in place the moment you move in.
The good news is that renters insurance is not normally expensive. It is linked to the value of your contents, how much excess you are willing to pay, the security of the property, the postcode and your claims history.
What that means is if you live in a normal area (not a theft hotspot), have around Â£10,000 – Â£50,000 contents, pay somewhere below Â£250 in excess, have locks on windows and doors and have never claimed in the last five years, your insurance for the coming year is likely to be pennies a day. It should be somewhere around Â£100-Â£200 for a typical person and risk. ThatÂs roughly 27p Â 54p per day to cover your possessions entirely and be able to sleep soundly at night.
To buy tenants insurance is just for contents only. There is no buildings insurance required as you do not own the property and it is the job of the landlord to supply that to protect his own asset.
Simply go to The Property Insurer and click on Renters Insurance to get a fast and competitive low cost quote to meet your needs. ItÂll take just minutes to complete and you can buy online so this is one of the fastest and cheapest ways to get yourself covered. There is no excuse for tenants Â new or old Â not to have insurance and donÂt forget that if you suffer a loss you cannot buy the insurance after the event, youÂll be footing the cost yourself.
The Property Insurer