Are you tossing up whether to take out tenant insurance to protect your belongings?<\/p>\n
The below FAQs may help you to make the best decision.<\/p>\n
![\"Renters\"](\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2020\/05\/renters-800x450.jpg\")
<\/p>\n
Tenant insurance (or renters insurance) is a type of cover designed for people who rent, as opposed to those who own a property.<\/p>\n
It is a great safety net when belongings at your place get damaged, or if someone injures themselves at your home.<\/p>\n
Below, find the answers to common questions asked by tenants\u2026 these will better arm you with the knowledge needed to choose the most suitable insurance for personal belongings at a rental.<\/p>\n
Why do I need tenant insurance?<\/span><\/h2>\nLet us answer this question with another question (or two) \u2013 what would you do if everything you own was destroyed in a house fire?<\/p>\n
Or you were burgled?<\/p>\n
This is where tenant insurance comes in.<\/p>\n
It is a safety net in case the unexpected happens.<\/p>\n
Tenant insurance ultimately offers you the opportunity to recoup costs when something goes wrong.<\/p>\n
For example, say the property you rent catches alight\u2026 if you have the right insurance, you may be able to seek compensation for some of the damages.<\/p>\n
Doesn\u2019t my landlord have insurance?<\/span><\/h2>\nYes, your landlord most likely has insurance, however, the cover does not extend to a tenant\u2019s belongings.<\/p>\n
So, if a rental property is impacted by the unexpected \u2013 fire, storm, flood \u2013 or belongings are burgled, a tenant is not able to claim or recoup the costs under their landlord\u2019s insurance policy.<\/p>\n
This means, that if a tenant does not have their own cover, they may be out of pocket.<\/p>\n
Can tenants take out cover during the COVID-19 pandemic?<\/span><\/h2>\nYes, tenants can take out EBM RentCover\u2019s\u00a0TenantCover\u00a0policy during the\u00a0COVID-19 pandemic.<\/p>\n
For as little as $192 a year, tenants can receive basic cover (up to $25,000) for belongings kept at their rental including furniture, gaming consoles and electronics.<\/p>\n
Do I really have enough belongings to make tenant insurance worthwhile?<\/span><\/h2>\nIt is a common misconception of tenants that they do not have enough content worth insuring.<\/p>\n
However, it does not take much for the total value of belongings to add up.<\/p>\n
![\"Insurance\"](\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2022\/04\/insurance.jpg\")
<\/p>\n
It is suggested tenants complete a quick inventory of all household belongings including electronics (laptop, gaming consoles, television), jewellery, clothes, bikes and linen, and they may be surprised by the value of their household items.<\/p>\n\n
What does tenant insurance actually cover?<\/span><\/h2>\nAll policies are different.<\/p>\n
However, tenant insurance should typically cover you for specific risks you may face as a renter.<\/p>\n
At EBM RentCover, our\u00a0TenantCover policy\u00a0is designed as an affordable option for those looking to cover common risks such as fire, theft, storm and liability.<\/p>\n
What is a liability cover?<\/span><\/h2>\nThis is an area often misunderstood by tenants.<\/p>\n
It is covered when you are found legally liable for an incident.<\/p>\n
![\"Liability](\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2018\/10\/liability-insurance.jpg\")
<\/p>\n
And, here is an example where this could apply:<\/p>\n
#1 \u2026 Say you have a guest over and they are sitting casually on the couch, however, the mirror that hangs above them (a mirror you\/the tenant recently hung) falls and hits them on the head, causing serious injury.<\/p>\n
They can sue you\/the tenant if it was found the mirror was not hooked correctly to the wall.<\/p>\n
Legal liability would typically cover medical expenses and legal fees associated with this.<\/p>\n
Is it expensive?<\/span><\/h2>\nPremiums\u00a0for\u00a0TenantCover\u00a0range from $192-$255 a year, dependent on the location of the property.<\/p>\n
For this cost, you can receive up to $25,000 cover for belongings kept at the property.<\/p>\n
How do I know which policy is right for me?<\/span><\/h2>\nShop around to find a policy that suits your needs and objectives.<\/p>\n
When comparing policies, read the\u00a0Product Disclosure Statement (PDS)\u00a0to determine the most suitable cover for your belongings.<\/p>\n
The PDS explains exactly what is and is not covered.<\/p>\n
How do I make a claim?<\/span><\/h2>\nEBM RentCover has an online claims portal that guides you step-by-step through the claims process. Here are a couple of tips:<\/p>\n
\n- As soon as something goes wrong, you should contact EBM RentCover\u2019s Expert Care team. The sooner they know, the sooner they can act.<\/li>\n<\/ul>\n
![\"claim\"](\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2022\/07\/pexels-andrea-piacquadio-3760067-800x450.jpg\")
<\/p>\n
\n- To submit a successful insurance claim you need to be able to tell the claims team what has happened, where and when. You can do this by snapping pics of the damage and making a list of all items impacted.<\/li>\n
- It is important to keep hold of receipts for any belongings you purchase to help prove they were in your possession.<\/li>\n<\/ul>\n
This article was written by the team at\u00a0EBM RentCover<\/a>\u00a0and was originally published\u00a0here<\/a>. \u00a0EBM RentCover is one of Australia\u2019s leading landlord insurance providers, protecting more than 150,000 rental properties across Australia.<\/em><\/p>\n
Yes, your landlord most likely has insurance, however, the cover does not extend to a tenant\u2019s belongings.<\/p>\n
So, if a rental property is impacted by the unexpected \u2013 fire, storm, flood \u2013 or belongings are burgled, a tenant is not able to claim or recoup the costs under their landlord\u2019s insurance policy.<\/p>\n
This means, that if a tenant does not have their own cover, they may be out of pocket.<\/p>\n
Can tenants take out cover during the COVID-19 pandemic?<\/span><\/h2>\nYes, tenants can take out EBM RentCover\u2019s\u00a0TenantCover\u00a0policy during the\u00a0COVID-19 pandemic.<\/p>\n
For as little as $192 a year, tenants can receive basic cover (up to $25,000) for belongings kept at their rental including furniture, gaming consoles and electronics.<\/p>\n
Do I really have enough belongings to make tenant insurance worthwhile?<\/span><\/h2>\nIt is a common misconception of tenants that they do not have enough content worth insuring.<\/p>\n
However, it does not take much for the total value of belongings to add up.<\/p>\n
<\/p>\n
It is suggested tenants complete a quick inventory of all household belongings including electronics (laptop, gaming consoles, television), jewellery, clothes, bikes and linen, and they may be surprised by the value of their household items.<\/p>\n\n
What does tenant insurance actually cover?<\/span><\/h2>\nAll policies are different.<\/p>\n
However, tenant insurance should typically cover you for specific risks you may face as a renter.<\/p>\n
At EBM RentCover, our\u00a0TenantCover policy\u00a0is designed as an affordable option for those looking to cover common risks such as fire, theft, storm and liability.<\/p>\n
What is a liability cover?<\/span><\/h2>\nThis is an area often misunderstood by tenants.<\/p>\n
It is covered when you are found legally liable for an incident.<\/p>\n
<\/p>\n
And, here is an example where this could apply:<\/p>\n
#1 \u2026 Say you have a guest over and they are sitting casually on the couch, however, the mirror that hangs above them (a mirror you\/the tenant recently hung) falls and hits them on the head, causing serious injury.<\/p>\n
They can sue you\/the tenant if it was found the mirror was not hooked correctly to the wall.<\/p>\n
Legal liability would typically cover medical expenses and legal fees associated with this.<\/p>\n
Is it expensive?<\/span><\/h2>\nPremiums\u00a0for\u00a0TenantCover\u00a0range from $192-$255 a year, dependent on the location of the property.<\/p>\n
For this cost, you can receive up to $25,000 cover for belongings kept at the property.<\/p>\n
How do I know which policy is right for me?<\/span><\/h2>\nShop around to find a policy that suits your needs and objectives.<\/p>\n
When comparing policies, read the\u00a0Product Disclosure Statement (PDS)\u00a0to determine the most suitable cover for your belongings.<\/p>\n
The PDS explains exactly what is and is not covered.<\/p>\n
How do I make a claim?<\/span><\/h2>\nEBM RentCover has an online claims portal that guides you step-by-step through the claims process. Here are a couple of tips:<\/p>\n
\n- As soon as something goes wrong, you should contact EBM RentCover\u2019s Expert Care team. The sooner they know, the sooner they can act.<\/li>\n<\/ul>\n
<\/p>\n
\n- To submit a successful insurance claim you need to be able to tell the claims team what has happened, where and when. You can do this by snapping pics of the damage and making a list of all items impacted.<\/li>\n
- It is important to keep hold of receipts for any belongings you purchase to help prove they were in your possession.<\/li>\n<\/ul>\n
This article was written by the team at\u00a0EBM RentCover<\/a>\u00a0and was originally published\u00a0here<\/a>. \u00a0EBM RentCover is one of Australia\u2019s leading landlord insurance providers, protecting more than 150,000 rental properties across Australia.<\/em><\/p>\n
It is a common misconception of tenants that they do not have enough content worth insuring.<\/p>\n
However, it does not take much for the total value of belongings to add up.<\/p>\n
<\/p>\n
It is suggested tenants complete a quick inventory of all household belongings including electronics (laptop, gaming consoles, television), jewellery, clothes, bikes and linen, and they may be surprised by the value of their household items.<\/p>\n\n
What does tenant insurance actually cover?<\/span><\/h2>\nAll policies are different.<\/p>\n
However, tenant insurance should typically cover you for specific risks you may face as a renter.<\/p>\n
At EBM RentCover, our\u00a0TenantCover policy\u00a0is designed as an affordable option for those looking to cover common risks such as fire, theft, storm and liability.<\/p>\n
What is a liability cover?<\/span><\/h2>\nThis is an area often misunderstood by tenants.<\/p>\n
It is covered when you are found legally liable for an incident.<\/p>\n
<\/p>\n
And, here is an example where this could apply:<\/p>\n
#1 \u2026 Say you have a guest over and they are sitting casually on the couch, however, the mirror that hangs above them (a mirror you\/the tenant recently hung) falls and hits them on the head, causing serious injury.<\/p>\n
They can sue you\/the tenant if it was found the mirror was not hooked correctly to the wall.<\/p>\n
Legal liability would typically cover medical expenses and legal fees associated with this.<\/p>\n
Is it expensive?<\/span><\/h2>\nPremiums\u00a0for\u00a0TenantCover\u00a0range from $192-$255 a year, dependent on the location of the property.<\/p>\n
For this cost, you can receive up to $25,000 cover for belongings kept at the property.<\/p>\n
How do I know which policy is right for me?<\/span><\/h2>\nShop around to find a policy that suits your needs and objectives.<\/p>\n
When comparing policies, read the\u00a0Product Disclosure Statement (PDS)\u00a0to determine the most suitable cover for your belongings.<\/p>\n
The PDS explains exactly what is and is not covered.<\/p>\n
How do I make a claim?<\/span><\/h2>\nEBM RentCover has an online claims portal that guides you step-by-step through the claims process. Here are a couple of tips:<\/p>\n
\n- As soon as something goes wrong, you should contact EBM RentCover\u2019s Expert Care team. The sooner they know, the sooner they can act.<\/li>\n<\/ul>\n
<\/p>\n
\n- To submit a successful insurance claim you need to be able to tell the claims team what has happened, where and when. You can do this by snapping pics of the damage and making a list of all items impacted.<\/li>\n
- It is important to keep hold of receipts for any belongings you purchase to help prove they were in your possession.<\/li>\n<\/ul>\n
This article was written by the team at\u00a0EBM RentCover<\/a>\u00a0and was originally published\u00a0here<\/a>. \u00a0EBM RentCover is one of Australia\u2019s leading landlord insurance providers, protecting more than 150,000 rental properties across Australia.<\/em><\/p>\n
This is an area often misunderstood by tenants.<\/p>\n
It is covered when you are found legally liable for an incident.<\/p>\n
<\/p>\n
And, here is an example where this could apply:<\/p>\n
#1 \u2026 Say you have a guest over and they are sitting casually on the couch, however, the mirror that hangs above them (a mirror you\/the tenant recently hung) falls and hits them on the head, causing serious injury.<\/p>\n
They can sue you\/the tenant if it was found the mirror was not hooked correctly to the wall.<\/p>\n
Legal liability would typically cover medical expenses and legal fees associated with this.<\/p>\n
Is it expensive?<\/span><\/h2>\nPremiums\u00a0for\u00a0TenantCover\u00a0range from $192-$255 a year, dependent on the location of the property.<\/p>\n
For this cost, you can receive up to $25,000 cover for belongings kept at the property.<\/p>\n
How do I know which policy is right for me?<\/span><\/h2>\nShop around to find a policy that suits your needs and objectives.<\/p>\n
When comparing policies, read the\u00a0Product Disclosure Statement (PDS)\u00a0to determine the most suitable cover for your belongings.<\/p>\n
The PDS explains exactly what is and is not covered.<\/p>\n
How do I make a claim?<\/span><\/h2>\nEBM RentCover has an online claims portal that guides you step-by-step through the claims process. Here are a couple of tips:<\/p>\n
\n- As soon as something goes wrong, you should contact EBM RentCover\u2019s Expert Care team. The sooner they know, the sooner they can act.<\/li>\n<\/ul>\n
<\/p>\n
\n- To submit a successful insurance claim you need to be able to tell the claims team what has happened, where and when. You can do this by snapping pics of the damage and making a list of all items impacted.<\/li>\n
- It is important to keep hold of receipts for any belongings you purchase to help prove they were in your possession.<\/li>\n<\/ul>\n
This article was written by the team at\u00a0EBM RentCover<\/a>\u00a0and was originally published\u00a0here<\/a>. \u00a0EBM RentCover is one of Australia\u2019s leading landlord insurance providers, protecting more than 150,000 rental properties across Australia.<\/em><\/p>\n
Shop around to find a policy that suits your needs and objectives.<\/p>\n
When comparing policies, read the\u00a0Product Disclosure Statement (PDS)\u00a0to determine the most suitable cover for your belongings.<\/p>\n
The PDS explains exactly what is and is not covered.<\/p>\n
How do I make a claim?<\/span><\/h2>\nEBM RentCover has an online claims portal that guides you step-by-step through the claims process. Here are a couple of tips:<\/p>\n
\n- As soon as something goes wrong, you should contact EBM RentCover\u2019s Expert Care team. The sooner they know, the sooner they can act.<\/li>\n<\/ul>\n
<\/p>\n
\n- To submit a successful insurance claim you need to be able to tell the claims team what has happened, where and when. You can do this by snapping pics of the damage and making a list of all items impacted.<\/li>\n
- It is important to keep hold of receipts for any belongings you purchase to help prove they were in your possession.<\/li>\n<\/ul>\n
This article was written by the team at\u00a0EBM RentCover<\/a>\u00a0and was originally published\u00a0here<\/a>. \u00a0EBM RentCover is one of Australia\u2019s leading landlord insurance providers, protecting more than 150,000 rental properties across Australia.<\/em><\/p>\n
<\/p>\n
- \n
- To submit a successful insurance claim you need to be able to tell the claims team what has happened, where and when. You can do this by snapping pics of the damage and making a list of all items impacted.<\/li>\n
- It is important to keep hold of receipts for any belongings you purchase to help prove they were in your possession.<\/li>\n<\/ul>\n
This article was written by the team at\u00a0EBM RentCover<\/a>\u00a0and was originally published\u00a0here<\/a>. \u00a0EBM RentCover is one of Australia\u2019s leading landlord insurance providers, protecting more than 150,000 rental properties across Australia.<\/em><\/p>\n