I have been staying in a rented house for the past 3 years. As someone who rents a home, I understand the main concern of all renters. To protect yourself and your belongings in case of accidents and unforeseen events. I will share what insurance do you need when renting a house.
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What insurance do I need if I rent?
There are different types of insurance available for renters in India ie renters insurance and liability insurance.
Renters insurance:This type of insurance provides coverage for your personal property in case of theft, fire, or other covered perils. This includes furniture, electronics, and other belongings.For example, if you rent an apartment and someone breaks in and steals your laptop and TV, renters insurance would cover the cost of replacing your personal items.
Liability insurance:
This type of insurance provides protection in case you are found legally liable for causing damage to your rental unit or for causing injury to someone else. Cost of damages and legal expenses is covered, let me give an example.If your flatmate accidentally knocks over a vase and it breaks, liability insurance would cover the cost of replacing the vase.
A few other types of insurance to consider are :
Home insurance
Personal accident insurance
Health insurance
Lastly, just be careful when selecting renters insurance. It is important to understand the limits of coverage and the deductibles. This is all from my end on what insurance do you need when renting a house.
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Read more:
Is fire insurance the same as home insurance?
Why do you need home insurance?
Is building insurance the same as home insurance?
How to compare home insurance?
What types of home insurance are there?
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Authors Of The Question
What insurance do you need when renting a house?
Anonymous
736 Views
1 Answers
1 Year
2023-03-07T10:14:54+00:00 2023-03-07T10:42:52+00:00Comment
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