If you're renting, your landlord is usually responsible for insuring the building itself, but not your belongings – you should be able to find this out in your tenancy agreement. Contents insurance is generally aimed towards renters, though it's a policy that everyone should consider as a minimum level of cover.
Contents insurance protects your belongings in the event they are lost or damaged by theft, fire or natural disasters such as flooding or an earthquake.
Insurers consider contents as the items you would take with you if you moved house (i.e. not the fixtures and fittings). Contents insurance generally covers:
- Your gadgets (e.g. laptop, smartphone, TV)
- Your furniture (e.g. bookcases, wardrobes, sofas)
- Clothes and jewellery
- Family heirlooms and antiques
If you need to make a claim, there are several ways the insurer can pay out:
- Repair the damage caused to the items
- Replace the contents for the same or comparable items
- Pay out the cash equivalent
If you’re not sure how much your contents are worth, check out our handy contents insurance calculator, or visit our contents insurance guide.