Renters insurance, or contents only insurance, offers a safety net against unforeseen damages to your belongings such as furnishings, clothing and home electronics while you’re living at a rental property.
If you live at a rental property, you want the best financial protection against fire, theft or any unforeseen accidents for your valuables. We understand that renters have different priorities to landlords and homeowners – and we know that it’s better to be safe than sorry.
While standard policies may not cover you for all kinds of events, you can choose a contents insurance policy with extras to get a better sense of security.
As a renter, you hold financial responsibility not only for your belongings residing inside your accommodation but also for your personal effects that you carry with you, such as your smartphone or tablet, handbag or satchel and jewellery items – or even your pushbike if you cycle to work or uni.
In the event of loss, theft or damage, rental insurance can offer financial cover for most of your belongings, ranging from your personal effects to artworks, furniture and home electronics.
It’s crucial that your belongings are protected. Even something like a washing machine that inexplicably breaks down mid-cycle or a broken fridge has the potential of severely damaging or destroying your furniture or home audio equipment (e.g. floor speakers). This means you might also want to have a look into motor burnout insurance.
Don’t count on your landlord’s home insurance. Choose a renters insurance policy that suits you best. At comparethemarket.com.au, we’ve got your back in comparing renters’ insurance policies.
There are two main things you should consider before buying a renters insurance policy:
What do I need to remember before buying renters insurance?
Rather than assume that your renters insurance offers automatic protection for your contents, it’s better to have all bases covered by going through the checklist below before choosing a suitable policy.
At comparethemarket.com.au, we compare features for a range of contents insurance policies. We make it easy by enabling you to compare them all in one place. If you live in rental accommodation, we’ve got your back in finding you the policy that suits your lifestyle.