When mother nature flexes her muscle, an opportunist helps themselves to your stuff or something goes horribly wrong, not having contents insurance can have catastrophic effects on your property, stress levels and bank account!
During a recent downpour across the northern suburbs of Melbourne one of our tenants came home to find their home flooded. Books, a TV, furniture and other household items were damaged beyond repair. Further to this, their fully stocked fridge ready for Christmas was without power for 12 hours which caused the food to spoil. If they’d had contents insurance, their possessions and food items would have been replaced and it would have been a mere speedhump. However because they didn’t have coverage, they had to replace the items out of their own pocket, making it a very expensive and stressful experience indeed.
Each insurance policy is different and you don’t want to pay for what you don’t need, so before you get quotes, do an audit of your possessions giving them a replacement value. You will be surprised how things add up!
Some coverage also includes accidental damage, temporary accommodation cover, replacement of locks, storm and rainwater coverage.
One of the biggest mistakes tenants can make is assuming that their private possessions are covered by the landlord’s insurance. Don’t be caught out!
“We have been renting through Ristic for the last 7+ years in 2 different properties. I have to say that all the staff have been fantastic and always such a pleasure to deal with” Tenant – Carolyn F