You are moving into a new house, that is exciting! While your stay may only be temporary, you should feel as comfortable and safe as possible.
As a renter in Australia, you may not have to be concerned about protecting the house to ensure the home is insured (that’s your landlord’s job). What about all of your possessions? It might be time to look at an insurance policy to protect the valuable items in your home! Here's everything you need to know about contents insurance...
What is Contents Insurance?
As the name suggests contents insurance is the insurance policy you take to cover the personal belongings, inside & outside the home if they're damaged, lost or stolen. Even if the four walls that surround you do not belong to you, you have plenty of personal belongings that you no doubt hold near and dear.
So, it's a good idea to consider an insurance policy to protect those items. Your landlord will most likely have home insurance or landlord’s insurance, but renters too often forget to consider protecting their valuable items!
Some tenants may feel as though contents may not be worth it as their possessions may not hold many valuable items in their rental property, but if you go through all of your items the replacement costs may be worth more than first thought and replacing them can be a nightmare!
A good idea is to create an inventory of all of your items and tally up their worth. Then ask yourself if you would be able to afford to replace them in the worst-case scenario. If the answer is no, it might be a good idea to get contents insurance.
There are many different types of insurance policies out there, so finding the right insurance policy that suits your lifestyle and budget can take time and plenty of research.
To receive a quick and easy quote for contents insurance, click here