It is amazing how quickly we accumulate so much stuff! From every games console made in the last 20 years to handbags to gadgets and trinkets, our homes can be a trove of interesting bits and pieces. A lot of people who rent homes don’t think they need insurance because they don’t own the premises but this is not the case. It is so important to consider and purchase if you can afford it.
If you are a renter and don’t have insurance, I urge you to take just a few minutes to consider how much it would cost you to replace your belongings in the following few scenarios:
What is Contents Insurance for Renters?
Contents insurance for renters, also known as renters’ insurance, is a policy designed to protect the personal property of individuals leasing or renting their living space. This type of insurance covers the cost of replacing belongings in the event they are lost, stolen, or destroyed due to a range of incidents, including theft, fire, and certain natural disasters. While the building itself is usually covered by the landlord’s insurance, contents insurance ensures that a renter’s personal items are protected, offering peace of mind and financial security.
Scenarios for Renters Contents Insurance
Is it worth getting contents insurance? Yes, if you are a renter and don’t have insurance, we urge you to take just a few minutes to consider how much it would cost you to replace your belongings. Imagine the the following few scenarios:
- A break in where all jewellery, television and games consoles, gadgets and some appliances are taken. How long would it take you to replace all of these?
- A burst pipe from the hot press destroying all of your clothes and bedding in the hot press. It goes down into the below bedroom that happens to be your main room. It destroys the electronics, clothes and furniture below. Could you afford to replace these items?
- You are out for the day and when you return there has been an electrical fire caused by a dodgey lamp in the living room. The house is gutted and everything you had in the house is gone. How much would it cost to replace these items?
How much does renters insurance cost in Ireland?
Your landlord’s insurance does not cover your possessions. That is why it is so important to get your own cover arranged. If you are a renter and don’t have yet have your contents insured, why not give us a call on 053 9123122 and we can give you a quote over the phone, we have great rates for content insurance.