Tenants Insurance
Protection for you and your belongings if you are renting a property. It’s contents insurance for tenants.
Tenants insurance can protect your own posessions and cover yourself if you accidentally damage your landlords items.
What Is Tenants Insurance?
Tenants insurance, also known as Renters Insurance is an insurance designed for tenants who are renting a property. It is protection for all of your prized possessions, whether they are inside the property or within the outbuildings that you rent as part of your monthly agreement, things like sheds and garages. Think of it as contents insurance for tenants.
If you are renting a property that is already furnished, we can also offer protection for accidental damage to your landlords items within the property, that you may be responsible for.
Protection for your prized posessions like jewellery, gadgets, artwork and much more.
It’s full contents insurance for tenants.
What Does Tenants Insurance Cover?
We can tailor cover to each individual, depending on the requirements. Generally, cover can include protection against:
- NTheft: If your home is broken into and possessions are stolen.
- NBurst pipes & leaks: claim for the cost of your possessions if they are damaged.
- NFlooding: Covers the value of your belongings if they are damaged in a flood.
- NStorm & weather damage: To recover the cost of contents damaged in a storm.
- NTenants liability cover: Protects against accidental damage to your landlords property, fixtures and fittings.
Our in-house claims department
Here at A-One, we benefit from an in-house claims department. This means that should you need to make a claim on your policy, you will be appointed a dedicated claims handler to manage your claim from start to finish. Our handlers will bridge the gap between you and your insurer. Working to achieve the best possible outcome on your behalf.
This means you'll have one point of contact to manage your claim from start to finish.
How Much Does Tenants Insurance Cost?
The cost of tenants insurance can vary depending on your individual circumstances and the coverage options you choose. However, it’s often more affordable than people think, making it a small investment for significant peace of mind. Here are the key factors that can influence the cost of your policy:
The Value of Your Personal Belongings
The more valuables you own, the higher your coverage limit will need to be. For example, if you have high-end electronics, designer clothing, or expensive furniture, your premium may be slightly higher to ensure these items are fully covered.
💡 Tip: Take an inventory of your possessions to determine their total value and ensure you don’t underinsure.
The Location of Your Rental Property
Where you live can affect the price of your policy.
• Urban Areas: Higher premiums due to increased risks like theft.
• Rural Areas: Typically lower premiums but may vary based on weather-related risks (e.g., flooding).
• Building Security: Features like alarm systems, secure entry, or CCTV can help lower costs.
💡 Tip: Highlight safety features of your property when getting a quote—they may help reduce your premium.
Optional Add-Ons and Coverage Limits
Tenants insurance policies are flexible, allowing you to add extra coverage based on your needs. Common add-ons include:
✔️ Accidental Damage Cover: For mishaps like spilling red wine on a carpet or breaking a landlord’s appliance.
✔️ High-Value Items Cover: For jewellery, artwork, or other expensive possessions that exceed standard coverage limits.
✔️ Legal Expenses Cover: For disputes related to your tenancy.
💡 Tip: Customise your policy to suit your lifestyle without paying for unnecessary extras.
Your Excess Amount
The deductible (the amount you pay out of pocket before insurance kicks in) can impact your premium. Choosing a higher deductible can lower your premium, but be sure it’s an amount you can comfortably afford to pay in case of a claim.
Protect your belongings and enjoy peace of mind for as little as the cost of your daily coffee. Get tailored tenants insurance today and safeguard what matters most!
Frequently Asked Questions
I am a student, can I get contents insurance?
Yes, absolutley. However, it is also worth checking if your possessions are covered by your parents home insurance policy.
Is tenants insurance the same as contents insurance?
Ultimately, yes. However, the difference is that Tenants insurance has the ability to include tenants liability cover. Think of it as contents insurance for tenants.
My landlord already has insurance, do I still need my own?
Landlords often have their own insurance on the rental property but it will usually only be for their own contents such as furniture and carpets. It is unlikely to provide cover for your own personal possessions. That's why we recommend tenants insurance. Not only does it protect your own possessions but it can also protect you against any accidental damage to your landlords property.
Is there a fee for making changes to my policy?
Yes, a small fee will be applied when we carry out a Mid Term Adjustment (MTA) for you on your policy.