Spare a coffee a week for peace of mind?
Research shows only about five percent of renters have contents insurance. So, why is that?
One explanation is that lots of renters think they are covered by their landlord’s policy. Sadly, this is not true as landlord insurance only covers the building you live in and any damages to it – not any of your personal belongings such as jewelry, clothes, furniture, appliances etc.
Another reason is that people underestimate the value of their belongings. If you add up the value of just your clothing and electronics, it probably wouldn’t take long to get into the tens of thousands of dollars. This scares people into thinking that it will be expensive to insure personal items each year. But this isn’t the case. Contents insurance (or renter insurance) can cost as little as $150 a year/or $12.50 a month – that’s less than a takeaway coffee a week! It’s a small price to pay compared to the cost of replacing everything you own because of a fire, flood, storm or even a theft.
There is also the potential for legal liability. If someone is injured in your rental property – a friend, neighbour, or a delivery person – you could be financially liable. Once you add in legal fees this could have you thousands of dollars out of pocket very quickly. The LJ Hooker Home and Contents insurance policy automatically includes $20 million coverage for you when you take out a contents policy as a tenant, allowing you to have peace of mind.
The LJ Hooker Assist team can help you get a quote within minutes. You can give us a call on
1300 875 974 (Mon – Fri: 9 to 5) or contact us anytime via email on firstname.lastname@example.org.