Content insurance for landlords is often forgotten˳ Many landlords assume that their tenants are responsible for insuring contents and for the most part they are˳ To clear things up tenants are responsible to take out cover only for the contents that belong to them˳
Why you need content cover?
Even if you are renting a property out on an unfurnished basis you may still have several valuable items inside that may require insurance˳ For example carpets, curtains, window blinds, refrigerator, cooker, oven, hating systems etc are all typically found in a so called unfurnished rental property˳ Consider for the moment what the combined cost of all of these items are and you will find that you may have quite a substantial amount of goods worth a small fortune uninsured in your rental property˳
You should first check carefully what is covered by your existing policies˳ A few buildings policies may cover some internal items˳ One example may be if your rental property floods and ruins all of the carpets downstairs˳ In some cases the cost of this damage may be covered by a buildings policy, and in others may not˳ The lesson to be learned is to check you policy with a fine tooth comb˳
Getting a good deal on content insurance for landlords
Getting a good deal on your cover can be tricky˳ You must remember that normal residential household policies will not do the job˳ You will need specialist commercial cover because you are renting out your property˳ One way to get a great deal (especially if you own more than one property) is to negotiate content and buildings insurance cover with the same provider˳
Source by https://ezinearticles˳com/?Content-Insurance-For-Landlords—Well-Worth-the-Money&id=1278079
