Whilst the Landlord of a rental property will generally insure their property against accidents or damage, the owner is not responsible for any loss or damage that is caused to tenants' belongings.
Example, if a rental property has adequate window and door locks but the tenants belongings are stolen because they didn’t activate the locks, the tenant is responsible for that loss.
In this case, if the tenant had contents insurance they would be able to claim the loss against that insurance.
The “it won’t happen to me” attitude can be very dangerous, others just never get around to arranging insurance and take their chances that nothing will happen. According to insurance firms burglary, fire and water damage are the main causes of losses incurred by tenants. Yet a simple insurance package will cover tenants for loss as a result of these incidents.
Contents insurance, which is the most common type of insurance for tenants, is available from all major insurance companies and a worthwhile outlay for peace of mind!
We are the residential specialists on the Mornington Peninsula! If you are buying or selling a family home, adding to your property portfolio, wanting professional property management or looking for expert residential project managers you need look no further than Noble Wilson Real Estate.
Meticulous planning coupled with residential marketing expertise will always bring you the best results possible in any market. At Noble Wilson we will not compromise on our standards and approach that will ensure your goals are met comfortably with a minimum of fuss.
Led by one of the Mornington Peninsulas most awarded residential agents (Chris Wilson) you will not find a more dedicated and enthusiastic group of real estate professionals all very keen to help guide you through your next real estate...
