Tenants insurance including landlord's fixtures and fittings

k0128262

Hi I'm moving in to a studio apartment, self contained next month. My valuables would come in at around £5000 if that, and the company that carry out the 'reference check' (for my estate agents) called me up to see if I wanted tenants insurance.

They said unlike normal contents insurance, this tenants insurance includes landlords fixtures and fittings so if i ruin a carpet, I can use home insurance to cover it rather than him taking the money out of the deposit.

I got an annual quote of £130 but im still not if this type of cover that includes 'landlords fixtures and fittings'is really necessary??
Or am I paying for something the landlord has already covered for (his insurance), and something I've covered for e.g. in my deposit (effectively my insurance)

thanks
LT

InsideInsurance

Most contents insurance will cover liability to landlords for fixtures and fittings.

Your deposit will obviously cover minor/ moderate damages and is more about the cumulative effect of the odd few drops of coffee when you were careless, a scrape against the wall when you were moving in etc. From an insurance perspective these would all be separate instances and so separate claims & excesses.

Insurance is really much more intended for more significant events which could very easily exceed the value of your deposit.

You mention 5,000 of valuables, what is your general contents sum? Are you including items outside of the home?

k0128262

InsideInsurance wrote: »

Most contents insurance will cover liability to landlords for fixtures and fittings.

Your deposit will obviously cover minor/ moderate damages and is more about the cumulative effect of the odd few drops of coffee when you were careless, a scrape against the wall when you were moving in etc. From an insurance perspective these would all be separate instances and so separate claims & excesses.

Insurance is really much more intended for more significant events which could very easily exceed the value of your deposit.

You mention 5,000 of valuables, what is your general contents sum? Are you including items outside of the home?

Well, im including 2 laptops. im wondering if i should do that seperately? e.g. have seperate insurance for each of the laptops rather than in the contents insurance, where items can be taken out of the house.?

thanks

InsideInsurance

k0128262 wrote: »

where items can be taken out of the house.?

They can be taken where you want, a reasonable policy will give you world wide coverage if you have the Personal Possessions cover which can generally be jewellery, bags, mobiles, cameras, laptops etc

k0128262

InsideInsurance wrote: »

Most contents insurance will cover liability to landlords for fixtures and fittings.

So the insurance shes offering me is nothing special then. Pretty standard?

olly300

k0128262 wrote: »

So the insurance shes offering me is nothing special then. Pretty standard?

Yes. They may get commission for selling it to you.

Find your own tenants insurance and makes sure you read the small print.

InsideInsurance

k0128262 wrote: »

So the insurance shes offering me is nothing special then. Pretty standard?

In that term of offering liability cover for the landlords items isn't special. You'd need to look at the whole policy to see if there is anything "special" (in good or bad sense) about it.

Typically tenants insurance is aimed at lower value contents that may be below the minimum sum insured for a traditional home policy but other than that it tends to be a poor-mid quality home contents policy.

I was recently offered a similar "deal" by my landlords for £20k content with £1k single item limit insurance for £180 -v- my own contents insurance which is £205 for £60ks of content with £10k single item limit. I did politely decline

Yorkie1

Endsleigh traditionally did decent policies for tenants. I also had a policy through aviva at one point.

Do not assume that the policy you've been offered is best for you; it is probably best for the agent's commission.

ACG

Its worth considerig.

I used to rent a house out. I had a tennant who burnt a carpet with the Iron - but he was a clumsy sod. He burnt his house down, he locked himself out of my house twice, the second time having to come down to my local pub in his dressing gown the second time to pick up the keys (he seemed to learn after that).

But on the other end, i had tenants who never didany damage and they had kids.

So its down to you really, although i sell contents insurance and can see the value of it - i dont have it myself.

But your covering the contents of a rented accomodation any decent insurance wont say as its not your carpet were not covering it. Just ring around a few and see what you can get. I forget the name of the company i have registered with (but never used) but im sure a quick search on google/bing whatever will get you some companies.
But