When you rent or lease your property to a tenant, Landlord Contents Insurance is essential as included will be all of the fixtures and fittings (contents) which the tenant will have the exclusive use and enjoyment of by virtue of their lease. Your content cover therefoire needs to insure you for fixtures and fittings like kitchens and bathroom accessories; flooring; carpets; heaters; lights and curtains etc. So Landlord contents insurance covers basically anything included with the building that does not form part of the physical structure. All contents can be insured by the landlord. Most landlords take out a landlord contents insurance policy to protect their contents from damage or theft.
It is very important to closely check the wording of your insurance policy as many landlord insurance policies may specifically exclude certain contents. You can always have certain contents specifically mentioned and referred to in the policy. This is very important when you have contents that may be of some significant value, a Persian rug, or a crystal vase for example.
The cost of landlord insurance will depend upon the value of your contents. If the property you are renting or leasing is unfurnished, then it stands to reason that your premium for landlord contents insurance would be quite low. If however, your property is fully furnished and has included within it many expensive works of fine art, then you would expect to pay a higher premium. The cost of your premium will be based on the value of your contents. If you have security features at your property, such as alarms, bar and deadlocks, then most insurance companies will give a discount on the insurance premium.
It is also very important to know whether that in the event that you make a claim, your insurance company will pay you an agreed value of the contents, or replace the contents new for old. This is particularly relevant when you have contents that may be increasing in value.
As with all insurance on offer today, competition is strong and very competitive. Landlord contents insurance is definitely no exception. Most insurance companies and brokers are offering big discounts of premiums, and if you combine a landlord contents insurance policy with another policy, savings of up to 50% off premiums is not uncommon.
An instant quote for content cover can be obtained online. Discounts are also offered if you buy your buildings or contents cover online.