Posts Tagged ‘Contents Insurance’
Posted on October 30, 2010 - by admin
Renting a house
Many people choose to make more money out of their property by renting it to others. It may be that you have an extra room and are willing to make some money out of it, or you have a holiday house that you don’t mind renting for a few weeks. Some people even take the step of buying a second house and renting out the first one as a way of helping with payments for the house they just bought. But no matter what reasons you have for doing it, there are things you need to keep in mind.
Naturally, being careful about whom you let in your house is paramount. Keeping up with the current law on renting property is another. But if there’s something that people forget more often than they should is that your standard home insurance does not apply if you are renting out the property. So taking on landlord’s insurance is very important if you want to keep your property safe, and complying with the law. Another thing is getting contents insurance for tenants. Your tenants’ property is, ultimately, your responsibility in case something happens to the house because, in the end, that is your property.
Posted on September 16, 2010 - by admin
What can contents insurance do for you?
Everyone will consider getting contents insurance, but whether or not they choose to purchase a policy will be entirely up to them. This type of insurance policy isn’t mandatory, save for a few specific situations. If you want to receive coverage for all of your belongings, in the event they are damaged or stollen, a contents insurance policy is right for you. Here are just a few things that you can expect from this type of insurance policy.
First, you may have more covered than what you’d originally think. For example, if you have a student who is living away from home, their contents could be covered by your existing policy. Depending on your insurance provider, your coverage might extend to your student’s dorm, apartment, or other shared living space. If you have items in your garden shed or garage, you can also expect them to be covered by your policy. Be sure you check with your provider to find out exactly what you can have covered. Valuing these items and including them in your contents insurance policy will enable you to receive funds to replace or repair your belongings in the event of damage or loss. Always read the fine print and find out exactly what is covered under what circumstances.