If you're renting, your landlord is usually responsible for insuring the building itself, but not your belongings. This should be confirmed 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 cover protects your belongings in the event they're lost or damaged by theft or fire. It can also cover natural occurrences such as flooding.
Insurers consider contents as the items you'd take with you if you moved house.
Contents insurance generally covers:
- your gadgets (eg laptop, smartphone, TV)
- your furniture (eg 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 with 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.
If you’re a student going to uni, it’s definitely worth considering student contents insurance to protect against loss, damage or theft of items such as laptops and bikes.