If you\u2019re renting a unit, an apartment or a house, you\u2019ve probably wondered whether or not you need\u00a0home insurance<\/a>.<\/strong><\/p>\n Even though you\u2019re living in someone else\u2019s property, you\u2019ll still want peace of mind that you\u2019re covered if anything goes wrong. Let\u2019s take a look at a few different scenarios to see what kind of home insurance you may need.<\/p>\n You still need peace of mind even if you\u2019re living in someone else\u2019s property.<\/p>\n<\/div>\n Let\u2019s say a major storm hits and not only destroys most of your belongings, but it also leaves your house in an unlivable condition.<\/p>\n In this scenario, your landlord\u00a0or the owner of the property would ideally have home insurance<\/strong><\/a> in place that would cover any damage caused to the actual structure of the building. This means their insurer would look after repairing the building and getting any emergency work done so you could move back in as soon as possible.<\/p>\n Unfortunately their home insurance would not cover any of your personal belongings, which means, unless you have your own contents insurance policy, you\u2019d lose a lot of stuff.<\/p>\n Are you a landlord? See why you should get landlord insurance<\/strong><\/em><\/p>\n If my rental catches fire, what am I covered for?<\/p>\n Similar to a weather-related event, you\u2019ll need your own contents insurance if you want any reimbursement for contents lost or damaged in a fire.\u00a0Depending on your policy, it may also cover the cost of temporary accommodation if you need to relocate while your rental is being fixed.<\/p>\n If you have contents insurance, food spoilage may be covered. Check with your insurer<\/strong><\/a> first before making any assumptions.<\/p>\n Any damage caused to the place you\u2019re renting as a result of theft will be covered through your landlord\u2019s or property owner\u2019s home insurance. It\u2019s up to them to get your rental back to a safe and stable condition following a break-in. However, it\u2019s your responsibility to protect your belongings against theft with an appropriate contents insurance policy.<\/p>\n It\u2019s your responsibility to protect your belongings against theft with insurance<\/strong><\/a>.<\/p>\n<\/div>\n As you can see from these scenarios, as long as you\u2019re a tenant, it\u2019s not just an idea to take out contents insurance to protect your belongings from loss or damage, it\u2019s a necessity.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"![\"Home](\"https:\/\/i0.wp.com\/www.realestate.com.au\/blog\/wp-content\/uploads\/2017\/11\/23144303\/Paddington-2-4x3R-1024x768.jpg?resize=1024%2C768&ssl=1\")
<\/p>\nAm I covered if a flood or storm damages my rental?<\/h2>\n
I lost power as a result of a storm and all my food spoiled. Am I covered?<\/h2>\n
My rental was broken into and some of my things were stolen.<\/h2>\n
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