2006-10-25 06:07:18 · 13 answers · asked by Bazza79 1 in Home & Garden ➔ Other - Home & Garden
There are two types of home insurance.
1. Buildings. this should be provided by your landlord.
2. Contents. If you are renting furnished accommodation this again should be provided by the landlord. If unfurnished and you are living with your own furniture/ stuff, then insurance is elective, that is you can choose to have it or not.
If you sign a contract there may be a stipulation about contents insurance.
2006-10-25 06:12:30 · answer #1 · answered by Donnie D 1 · 0⤊ 0⤋
Yes. You need to cover your own possessions which will be in the property you rent.
The insurance on the actual building will be the landlords responsibility, so if there is a flood or a fire, he/she will be covered by their insurance.
If, however, you were in the property and got burgled, you would be responsible for the insurance, and if you had none you would get no compensation for the loss of your items.
You are also responsible for the security of the building whilst you occupy it, so it is not a good idea to leave windows open when you are out.
If the landlord has left furniture or 'white goods' in the property, then they are your responsibility also. It is more than likely you will pay a deposit when renting, and any damage you cause to the landlords property will have to be paid for by you.
If you value your possessions, it is wise to have home contents insurance, and you may even have to provide a list and estimated values of your valuables to the insurance company in case of a disaster.
The landlord has little responsibility towards you except to provide you with a roof over your head, and collect the rent when it is due.
2006-10-25 06:29:48 · answer #2 · answered by Anonymous · 0⤊ 0⤋
If you are renting, you do not get homeowners insurance. However, get renter's insurance and make sure you insure for the proper replacement value of your possessions. Also, you probably will want to list computers, expensive jewelry, and other electronic equipment separately--to add on is not very expensive. Any good insurance agent will help you out--or do some research online. Renter's insurance is not very expensive and well worth it. Many landlords even require it. And I would ask your landlord about his insurance on the property.
2006-10-25 06:43:26 · answer #3 · answered by dbrcymry 3 · 0⤊ 0⤋
Renters never pay home insurance or property tax directly. However, they do of course pay it indirectly, since a rise in insurance rates or property tax for the owner will be passed on to the renters in the form of increased rent (eventually). You do need renters insurance, which is cheaper and will just cover your own possessions.
2016-03-18 23:55:44 · answer #4 · answered by Anonymous · 0⤊ 0⤋
You have to have insurance on any items you take into the property. In other words you need to get content insurance. insurance on the actual property you rent is up to the person renting to you!!
2006-10-25 06:21:11 · answer #5 · answered by Jamie 4 · 0⤊ 0⤋
If you are the renter, you need to purchase renter's insurance. Your landlord's insurance only covers his property. If you are the landlord, you absolutely need insurance. If anything should happen, it will be your property that is lost. As a landlord, you should also have liability insurance. Talk to a reputable insurance agent to find out what is required and what it covers.
2006-10-25 06:17:46 · answer #6 · answered by Verna S 2 · 0⤊ 0⤋
I'd say it's a good idea. Renters insurance if you're renting it though. Sometimes when you sign up for a new car insurance policy and add renters insurance, it lowers the rates.
2006-10-25 06:10:00 · answer #7 · answered by Anonymous · 0⤊ 0⤋
The owner of the property is the one required to have home owners insurance. Although it is not required, it is a good idea for the renter to carry renters insurance. It is not expensive and will cover your property in case of fire, theft and weather. The property owner is not responsible for that. Check with your local insurance companies....
2006-10-25 06:17:03 · answer #8 · answered by parrothead2371 6 · 0⤊ 0⤋
The onus is on the landlord to insure the actual building. It is also up to the landlord to decide if he/she wants to insure the contents that they provide, which could be everything from carpets/curtains to beds and cookers. The landlords insurance only covers their own property - NOT yours. You are liable for insuring your own personal belongings if you choose and it is also a good idea to take out a policy that will cover landlords property if you were to intentionally or accidently damage it - ie if you break a provided table by sitting on it or if you burnt a hole in the landlords carpet. The landlord will expect you to replace the item it or they could take it from your deposit when you move out. Landlords rarely take out insurance to cover tenant damage as this is very expensive.
2006-10-25 07:05:02 · answer #9 · answered by Anonymous · 0⤊ 0⤋
The landlord shoud have building fabric insurance ( ie the bricks and mortar bit) check with him/ her that they have this and that your risks as a tenant are covered. If the Landlord does not have fabric insurance then I suspect they are not the kind of LL you want to be renting from.
You can chose to have contents insurance to cover all your furniture, clothes and valuables. Not normally too expensive.
Good luck
2006-10-25 06:11:47 · answer #10 · answered by Tetanus Tim 3 · 0⤊ 0⤋