Tenants Insurances
- It is a step to take for peace of mind for your belongings. The landlord will not insure your belonging’s, so it is vital to have your own home contents insurance policy.
- You must have one that fully covers you. We sleep better knowing that if anything happens to our valuables we will be protected financially. You will have help to replace any missing items. You will only appreciate your cover when you need it.
- If you fail to take out content’s insurance, you will be forced to dig into your savings or borrow money to replace your belongings. Some of us chose to buy a policy as a precaution without looking at the big picture.
- Although some form of insurance is better than no insurance, it is equally important to have one that is fully comprehensive. By doing so you make sure that you protect your assets.
- A tenant should have full insurance covering items indoor and when out and about.
- Look for a policy that will include cover for damage or loss of your mobile phone and loss of your house or car keys, as you don’t know how much they cost to replace until something happens to them. In today’s world our details are all stored on a mobile phone, so it is vital to secure or insure it.
- Specify your mobile when you purchase a plan, make sure that you purchase an insurance that protects your data and facilitate the recovery and re-installation of your details when necessary.
- People take out a life insurance policy for a variety of different reasons, but the fundamental underlying reason is to ensure that funds are available in the event of the death of someone who has a financial responsibility to someone else.
- Each case is different, but most people take out life insurance to ensure that their family is financially secure and can continue to maintain their standard of living after an unexpected death.
- Estate taxes can be steep, so having insurance in place to pay them is essential to avoid jeopardising assets or funds built for retirement.
- The cost of a funeral and burial can easily run into the tens of thousands of Pounds, so it is a safe and secure way to spare your love ones the worry of funeral expenses in the event of death.
- People owning a mortgage are more likely to buy life insurance. But life insurance is not only designed for the home owner, it is designed for anyone who wants to have some financial security towards medical expensive in case of a life-threatening disease.
- Preparing for any eventuality is something we can all do. As a tenant we are not shielded or immune to unexpected illness, accident or death. A life insurance can help pay bills after you are gone and it will come as a great help for your loved ones who will gratefully benefit from it and will help pay for your burial.
- Most minimal burial cost are from £3500 to £4000 and your loved ones will face these charges at an already difficult and emotional time, your life insurance can cover these expenses without financial hardship or further stress.
- As a tenant you do not have to worry about building insurance, but your landlord should have a policy. You may know who the insurance is with, but the landlord is not legally obliged to disclose this information.
- Your landlord is responsible to cover the building insurance cost. Your landlord cannot include the cost of the building insurance as part of your rent. The property or building insurance should deal with these issues:
- A home owner or your landlord should have adequate building insurance cover during the term of your mortgage.
- A building insurance should cover the cost of repairing or rebuilding your property in case of damage caused by flood, fire, storms and so on.
- The building insurance covers the features and structure of the property you are renting, the doors, the windows, the roof, the walls, the ceiling, the floor as well as any permanent features.
