Latest Designer Bathroom Ideas and How To Guides for your Home

Landlords

While anyone who is a landlord (i.e., lets or sub-lets a house or flat) is required to have homeowner’s insurance, the type of home contents insurance varies by degrees, based upon how the property is furnished. There are also additional options which anyone who is or is planning to become a landlord should review:

•    Emergency Assistance Coverage – This covers the cost of contractor call-out and works done costs to a set maximum limit. This coverage is for emergency situations only and does not include coverage for situations arising due to lack of routine maintenance on the landlord’s part.
•    Rent Guarantee – Rent guarantee coverage pays the rent when you are having issues with your tenant, i.e., during vacant possession proceedings when the tenant is refusing to pay and up to three months after while you are looking for a new tenant.
•    Legal Coverage – Insurance to cover legal expenses when dealing with tenant issues such as non-payment of rent, failure to vacate a property, unauthorised inhabitants, etc.

Tenants

For people who are leasing a property, there is simply no need to take out full homeowner’s insurance; however, it is strongly advisable that they do take out house contents insurance to cover the cost of their personal items and any appliances, etc. that they’ve brought with them/purchased themselves. The types and levels of coverage provided by house contents insurance varies, and it is always a good idea for tenants to do a bit of comparison shopping before settling on a policy.