Contents Insurance covers more than you think
If you’ve ever brushed contents insurance aside as a concern reserved for homeowners, you’re not alone.
The reality is that there’s no exclusive link between home ownership and accidents in the home. Possessions are possessions, whether you’re a tenant or a homeowner.
According to the latest Home Insurance Market Report from Mintel, 64% of private renters have gone without a policy to protect their possessions, while only one in 10 homeowners are similarly exposed.
Let’s take a look at what kind of peace of mind contents insurance can provide.
This one goes out to renters
From laptops to leather jackets, the belongings of private renters are susceptible to all kinds of threats in an increasingly unpredictable world.
It’s easy to ignore the dangers of thefts, floods and fires when they’re not regular features in our everyday lives, but that’s exactly what can make them such a threat without cover. Disaster can strike at any time in any property, which puts the collective value of everything you own at risk – and it all adds up.
Of course, there’s a whole range of scenarios that could lead to lost, damaged or stolen possessions, but the crux of house and contents insurance is expecting the unexpected.
You might be working from home more these days, which can mean the risk of accidental damage is higher than usual, simply because you’re around more.
You might be exercising more and using high-value items like pedal cycles. These need to be specifically added to a policy to protect them against theft or damage.
You might be updating your summer wardrobe (we’re counting down the days too!) which will obviously mean that the total value of your belongings increases with every new item you buy.
The good news is that all of your possessions can be protected under your rented roof* with contents insurance. In some cases, even away from home, too, for up to 30 days anywhere in the world for an additional premium.
We’ll even cover your freezer food as you stock up for the return of that long-lost British summertime…
Don’t own anything worth insuring? Think again!
A common trait amongst renters is that they avoid contents insurance because they don’t think their own possessions are worth insuring; 35% of people surveyed in Mintel’s report share this mindset.
What they might not know is that they don’t actually have to own something to insure it. If you live with it, you could be legally responsible for it – even if it belongs to your landlord.
That’s why our contents insurance includes tenants’ liability cover as standard, so private renters can protect themselves against any accidental damage to the fittings and fixtures of the building in which they live, such as fixed glass in doors and windows.
As the old saying goes, it’s better to be safe than sorry…because it’s easier to tell your landlord about that crack in the glass window of the porch if you’re already covered.
To find out more about the cover we offer speak to one of our experts today on 0800 064 8424 or get a quote online.
*Terms and Conditions apply