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 Most renters have no contents insurance

There is so much focus on helping landlords better protect themselves and their property from potential claims from tenants, but many renters are often left taking major risks when it comes to their own belongings.

The majority of landlords possess comprehensive landlords insurance that covers them against damage to the property, but this often does not cover tenants.

In the event of a fire, for example, the landlord’s property would be insured and he or she would get money for the loss of the building, but the tenant’s contents may not be covered, meaning that a tenant could lose all of their belongings and get nothing back.


Yet, many people who rent their homes do not possess contents insurance, according to a new study, meaning that they are taking a big gamble with their personal items if their property is broken into or damaged.

Research from Sainsbury’s Bank Home Insurance has found that more than half - 55% - renters do not have any contents insurance and are leaving themselves unprotected by having nothing in place.

Karen Hogg, head of insurance at Sainsbury’s Bank, said: “It’s worrying to see that more than half of renters don’t have contents insurance, so they wouldn’t be compensated for the loss of their possessions if the worst were to happen.

“While homeowners are more proactive in comparing prices and switching, many people who do have contents insurance, could be missing out on a better deal as only 16% shop around when renewing their home insurance.”

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Poll: Do you have landlords insurance in place?


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    This is nonsense. How can a landlord insure the unknown and unknowable worth of a tenants possessions? The possibilities for fraud are obvious. I always ask my tenants to make sure they are insured. Where I have had mortgages the lender has never insured any losses I might have suffered but they have said that my mortgage would not be cancelled if I had a fire or similar. What a surprise. You could say that if a tenant had a bad fire which they caused then they should indemnify their landlord.

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    • 01 March 2019 20:03 PM

    Only buildings insurance is required.
    If the LL has contents they wish to insure then that is up to the LL.
    Rarely is it worthwhile insuring contents.
    Rarely do tenants have anything of value that they couldn't replace at a charity shop.
    I haven't bothered with Contents insurance for over 38 years.
    Simply put there is nothing of value that makes it worth bothering with.
    With the large screen TV's now seemingly in every home unless you come mob-handed it is very difficult to nick a 55' screen TV.
    Contents insurance is a waste of money.
    Though I am aware that some LL insurance policies do offer a decent level of contents cover within the same LL policy.
    But for most tenants Contents insurance is a waste of money.
    A claim is usually rejected for some ridiculous reason so just not worth the bother.


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