Tenants insurance

[mazco]

My step daughter is being asked to sign a tenancy agreement that makes her responsible for getting insurance on the landlords furnishings. Is this right? It is a furnished proprty.
We let unfurnished properties & our tenants have to insure their furnishings but I would have imagined that a landlord should be responsible for insuring their furnishings in a furnished property.
Am I right?

[specialist]

As a broker with a great deal of experience & also a landlord. I would suggest that she does get a poloicy to cover the landlords contents & her own if a claim does occur she could be faced with a huge bill. Ask for a detailed list of the items and a full replacement value. She will not get this cover from the mainstream insurers. but I can help
Kind regards

Neil
specialist@deliteinsurance.co.uk

[Poppy]

I always insure the items in my properties. I do not ask tenants to insure my furnishings. That's my choice.

That's what the deposit is for - to cover damage. However if the cost of the damage is more than the deposit, then the tenant has to fork out more. That's obvious, right?

If I were a tenant, I would choose to refuse to pay for insuring the landlord's property if I also had to hand over a deposit.

At the end of the day if your daughter is unhappy with negotiations before the tenancy starts, look for somewhere else.

[Pete Matthews]

It's not normal practice to insure other people's property. Your daughter would normally insure her own belongings with a tenants contents policy and it is usual for the landlord to insure their contents/possessions with thier own policy.

If the landlord insists on a policy for his own possessions it could become very complicated.

Try UKinsuranceNET 08453651264

www.landlords-building-insurance.co.uk

Chris
UKinsuranceNET

[jeffrey]

It's not normal practice to insure other people's property. Your daughter would normally insure her own belongings with a tenants contents policy and it is usual for the landlord to insure their contents/possessions with thier own policy.

If the landlord insists on a policy for his own possessions it could become very complicated.

Try UKinsuranceNET 08453651264

www.landlords-building-insurance.co.uk

Chris
UKinsuranceNET

Never mind "It's not normal practice"- it's not legally possible to insure something if one has no insurable interest.
For instance, lessee of property can insure it. Alternatively, lessor can do so (f/r = insurable interest) or even mortgagee [=lender] can- but not neighbour, or AST sub-tenant, or your rich uncle.
So T of furnished AST property cannot legally insure L's furniture- it belongs to L, even though T will use it.

[Paragon]

My contents insurance covers all my property/belongings plus any property/belongings of others that is in my house or car. I think the tenant's policy might also cover the LLs property as she is renting the property and, therefore, has responsibility for it. By property, I don't mean real estate property.