Renters Insurance

Tenant and Renters Insurance is designed to offer protection to people who live in rented properties. Accidents happen and having renters insurance means you will be covered for accidental damage to the property and the loss of any possessions through fire and theft.

We understand that moving property can be expensive, so you have the option to pay over 10 instalments instead of 12, meaning you don’t have to pay anything until the third month of the policy.  At the point of renewal, we’ll change the policy back to 12 payments.

If you have selected the worldwide possessions cover, you will benefit from personal use articles when away from home, such as gadgets, mobile phones and bikes up to £15,000.  The items that you’ll be leaving behind in the property will be covered for the usual risks (fire/theft/escape of water etc.).

The policy provides cover on a new for old basis. During the process of a claim, the insurer will talk to you about replacement, repair or monetary compensation for your lost or damaged goods.

You are covered up to the sum insured (the contents cover the amount you select on the policy from £10,000 up to £50,000).

It’s the first part of the claim for which you are responsible (applicable excesses can be found on your Policy Certificate).

You will benefit from up to £100,000 to help you pursue and defend your legal rights for instances like tenancy disputes, employment disputes, personal tax affairs and traffic offences.

You are covered up to the sum insured (the contents cover the amount you select on the policy from £10,000 up to £50,000).  If there is an escape of water (water escaping from washing machines, dishwashers or any fixed domestic water or heating installations) you will be covered.  The excess for this will be shown on your policy certificate.

You are covered up to the sum insured (the contents cover the amount you select on the policy from £10,000 up to £50,000).

 All this can be found in the policy booklet, IPID and policy certificate.

As well as benefitting from accidental damage to the landlords' property, you’re also covered for accidental damage to televisions, video and audio installations, computer equipment and games consoles; this all comes as standard on the policy.

Your computer equipment, printers, photocopiers, computer-aided design equipment, office furniture and furnishings and telecommunications equipment used in any way for business purposes are all covered. This does not include any property held as stock.

The insurer’s details will be on your Policy Certificate, just give them a call to make the claim, or use Paymentshield’s website to find out who to call.

No problem! Your Tenants Contents Insurance is transferrable, so you can take your policy with you.  If you buy a property, you’ll need to get a new home insurance policy.

No, a landlord or an agent cannot enforce you to take out a liability insurance policy as part of renting their property. However, It may be a good way to cover yourself if any accidental damage occurs to the landlord's belongings during the tenancy, that otherwise would be deducted from your deposit.

No, a landlord or an agent cannot enforce you to take out a contents and liability insurance policy as part of renting their property. However, taking out insurance can cover you for any fire damage or theft of your personal belongings. It will also cover you for any accidental damage that could occur to the landlords belongings during the tenancy.

We offer two insurance products for renters and they both have different pricing.

Renters Liability Insurance - Cover for accidental damage to the landlord property and belongings. Cover starts at £10 per month.

Renters Contents and Liability Insurance - Cover for your personal belongings and accidental damage to the landlord property and belongings. Cover starts at £9 per month.

The price of your policy will depend on which options you choose, an example being the overall cost of your belongings.

The Contents and Liability Insurance we can offer you has an optional extra World Wide Belongings, with this you are covered for accidental damage or loss of belongings that are normally worn, used or carried when in and away from the home, such as gadgets, pedal cycles and mobile phones, anywhere in the UK all year round and anywhere in the world for up to 60 days per insurance period.

If cash is stolen from your home, the Contents and Liability Insurance will cover this up to the value of £500.

Yes, you can indeed take out Contents and Liability insurance if you live in a shared property, as long as all applicants for the policy are named on the tenancy agreement. We will need to know how many people are living in the property and you can have up to 2 named applicants on the policy.

You cannot take out a contents and liability insurance policy to protect just your belongings if you live in a shared house, instead, you will need to take out a policy that covers all belongings in the property.

We can offer you a Contents and Liability Insurance with 5 levels of cover to choose from, from £10,000 up to £50,000. You need to work out the overall value of all your items; it can be a lot higher than you originally thought. A common thing people forget to factor in is the contents of their wardrobe.

If you have any precious items that you want to protect, for example, an expensive watch or valuable jewellery, you can list these as specific items on your policy.

Renters Liability Insurance has an excess of £100 to pay in the event of a claim.

Renters Contents and Liability Insurance, you can choose what amount of excess you would like to pay in the event of a claim. From £0 to £500. Please be aware the price of your policy can change depending on what level of excess you choose.

There's a 14 day cooling off period from the start of either policy you choose. In the event of cancellation after the cooling off period, a pro rata refund will be given if no claim has been made.