Tenant Insurance
What are the benefits of having tenants insurance if you’re renting?
The ASIC indicates that content insurance can help you to claim money back on belongings lost or damaged due to the following common situations:
- Burglary
- Fire
- Any accidental event
Depending on the level of cover, tenants insurance can cover things up to policy limits, such as:
- Some offer fire coverage only, while others offer general coverage, including fire, earthquake, and flood coverage
- It may cover a tenant’s personal goods which are damaged or stolen on your premises
- It may cover losses to their goods when they are off the premises, such as gold clubs or a camera stolen out of their locked car
- It may cover your items and furniture while they’re in transit
- It may cover legal liability should an incident occur at the property while you’re renting that leads to a court case, renters insurance provides legal liability for the tenants
- It may cover personal liability in case they are negligent as tenants and cause damage to your property
For more information: https://www.comparethemarket.com.au/…/what-does…/
