IF you rent a property then tenants insurance is going to be a necessity and an expense. This is your guide to how to reduce that cost to a minimum and get the best cover possible Â because cheapest is not always best.
There is absolutely no point buying the cheapest insurance possible if it does not cover your actual needs. In the event of a claim you will be out of pocket. And in most cases, if you are savvy, then you can get the cover you do need for not much more money.
So how do you get the lowest cost renters insurance at the lowest price possible Â here is how. Bear in mind that renters insurance means if you are a tenant, not a landlord or home owner, this is only for renters:
1: Make sure the property you rent is covered for buildings insurance by the owner or landlord. This is normal Â it is their property and they need to insure it, not you. Aggressive contracts that demand otherwise should be avoided and you should rent somewhere else.
2: Your should only be paying for contents insurance to cover your own possessions. If you live in a block of flats, check that your insurance is not covered in any service charge Â it may be. If it is make sure that it gives adequate cover for everything you own and if not then you will need to cancel it and sort your own insurance.
3: Total up how much your contents are worth if you had to buy everything new again. Note the expensive items, retain receipts if you can and even take photos and store them safely in another place. All of this will help in the event of a claim when insurers are looking for proof of ownership. Typically you could own items between Â£10,000 – Â£50,000. All those iPods and mobile phones add up you knowÂ
4: Do you want cover for specific items such as bikes or phones/cameras when you are away from the property? If you do it will cost more, so make sure you really want it.
5: Armed with the cover amount needed and specific items listed, visit www.thepropertyinsurer.co.uk and click on the Renters Insurance button. The form will take around two-minutes to complete and then you will be able to compare the best quotes and cover and buy the one best fitted to you.
ThatÂs how you get renters insurance at the best price possible in the UK and to cover your needs.
The Property Insurer