What is contents insurance?
Contents insurance can protect your belongings that are not fixed or fitted to the residential building, from furniture, to clothes and electronics. It could also cover the cost of repairing or replacing your content items on a new-for-old basis for loss or damage caused by fire, flood, theft and electric motor burnout.
Building insurance and contents insurance are designed to work together, to provide comprehensive protection for your home and belongings. Building and contents insurance (often known as Home and Contents insurance) could cover both your building and contents from loss or damage caused by fire, flood, theft and burnout of electric motors and power surges.
However, if you’re renting, you won’t need building insurance, as you don’t own the home. You may still take out contents insurance to cover your belongings, as they’re unlikely to be covered under your landlord’s insurance policy.
You’ve got options
You could also add optional covers for an additional premium to cover accidental damage and portable contents, like laptops, jewellery and sporting equipment you take with you when you are away from home.