Our possessions are constantly vulnerable to damage and wear and tear. Our properties, whether rented or owned, contain most of our personal belongings and essential items. Several factors can damage these possessions – from a natural disaster to theft. It’s important to protect your belongings and property with insurance just in case things take a turn for the worse.

In the UK, the main claims on domestic property insurance in 2019 fell into five categories. The escape of water caused a whopping 29% of claims and 17% by fire or explosion. 14% were caused by theft and 11% by weather and accidental damage alike. These events can cause huge amounts of damage to a property and the contents within them.

Extreme weather is often unpredictable and can leave property owners in complete disarray. In fact, in 2020, UK storms left a staggering £7.7 billion worth of damage on a third of properties. While some properties were missing a few tiles, others had their entire rooves blown off and mass flooding.

If you are renting a property, you are responsible for any damage you or your guests have done. You must report the damage to your landlord and do your best to repair it before you leave. Your deposit will be used to fix all the problems caused by you at the end of your tenancy. This can include damages caused by your neglect – like leaving the main water supply on in the winter when you go away, resulting in a burst pipe. You need to take care of your rented accommodation to avoid any fees.

Accidents happen, and it’s natural for properties to show signs of wear and tear after a while. Fortunately, tenants’ content insurance can provide you with somewhat a safety net in these scenarios. Tenant’s insurance, otherwise known as insurance, covers accidental damage to your landlord’s property and contents. You can also purchase tenants’ contents insurance which covers your personal possessions in case of theft, fire, or accidental damage.

Tenant’s contents insurance has a range of benefits. It’s simple to apply for and can be done quickly over the phone or online. With most insurance schemes, there is no added cost to your landlord, and it’s affordable for you. The pricing is usually based on a rating scheme that covers all UK postcodes. You will be given a band for your area, and the final price includes insurance premium tax and commissions. You can often decide whether to pay weekly, fortnightly, monthly or annually. You can make your insurance plan fit with your budget and rental duration. Exact prices and plans differ across insurance companies.

Take out insurance to keep your possessions safe even when the situation is out of your control.