Can I insure my tenant's contents on my landlord insurance policy?
No. You can only insure your own contents on your landlord insurance policy. Your tenants must take out their own insurance should they wish to protect their contents.
The reason for this goes back to one of the principal rules of insurance, which is that the entity that is being insured must be owned or directly effect the person who is taking out the insurance contract.
If this rule is not strictly adhered to, the insurance contract can develop a moral hazard and end up more like speculation/gambling.
Related Pages (3)
- Private rented housing
Information about private rented housing in North West Leicestershire
- Rent deposit guarantee scheme
The rent deposit guarantee scheme is designed to assist people on benefits or a low income to afford the deposit and one month's rent in advance that most private landlords require. We know that it isn't easy trying to find this money. We may be able to help you. With the support of local private landlords North West Leicestershire District Council runs an interest free repayable Rent Deposit Scheme to help people with the initial costs.
- Find a privately rented home
A list of privately rented properties where the landlord is willing to consider tenants in receipt of housing benefit.