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BigBobJoylove

Contents Insurance

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I would agree and then cancel it once I had moved in. Insurance policies give you a 14 day cooling off period. They will never know.

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Hello, apologies if this in answered elsewhere but the search facility doesnae seem to work.

I am moving into a new property in 3 weeks time, and the LA has just sent me a letter outlining all the money which needs to be paid up front before we can move in. This includes the deposit, 1 months rent, plus 1 years contents insurance, at a cost of £119.70.

I have never been asked to pay for contents insurance before. When I rang the LA a fortnight ago and asked them to tell me what I would have to pay before moving in, they never mentioned this.

Their explanation for the insurance goes like this:

It is a condition of your Tenancy Agreement to have accidental cover for Landlords

fixtures and fittings . HomeLet who specialise in rented accommodation insurance can

provide you with this cover for the period of your tenancy. Your personalised quote for

contents, which automatically covers you for accidental cover to the Landlords fixtures

and fittings (for a minimum of £5000) is attached for your perusal, with an information

leaflet regarding the policy. An Initial Disclosure document is also enclosed for your

information*. If you would like more cover, please ring 0161 432 0101 for a quote.

Surely it is the deposit that should cover accidental damage?

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I would agree and then cancel it once I had moved in. Insurance policies give you a 14 day cooling off period. They will never know.

But the policy goes through Homelet, and I'm not sure if it would be in my name. If it is in my name, then good idea. If it's not, then the money is probably lost.

I'll ring them and ask them to clarify.

Either way I'm not paying it.

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But the policy goes through Homelet, and I'm not sure if it would be in my name. If it is in my name, then good idea. If it's not, then the money is probably lost.

I'll ring them and ask them to clarify.

Either way I'm not paying it.

So get an alternative quote.

I'm paying 75 quid so 119 does not look competitive unless you are in the centre of London

tim

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Update: The contents insurance is optional. I can use my own or use the policy provided bt the LA.

We already had contents insurace at a premium of £183 per year, so we're going to go with the cheaper LA policy (£119.70).

So my LA is actually saving us money :D

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Update: The contents insurance is optional. I can use my own or use the policy provided bt the LA.

We already had contents insurace at a premium of £183 per year, so we're going to go with the cheaper LA policy (£119.70).

So my LA is actually saving us money :D

Be careful to check what the policy covers. My experience is that the policies offered by the LAs often have a much lower total limit (5k here it seems) and in some cases cover the landlords stuff but not your own i.e. if you are burgled then you are not covered either.

Having said that so long as you understand the limits and what is and isn't covered if you're happy with those details then go for it.

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If you can cancel it, do, then for your own sake take out a rival's - use Quidco and then buy a decent policy, the one I use is AA - very good service in my case (from Quidco and the AA)

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Hello, apologies if this in answered elsewhere but the search facility doesnae seem to work.

I am moving into a new property in 3 weeks time, and the LA has just sent me a letter outlining all the money which needs to be paid up front before we can move in. This includes the deposit, 1 months rent, plus 1 years contents insurance, at a cost of £119.70.

I have never been asked to pay for contents insurance before. When I rang the LA a fortnight ago and asked them to tell me what I would have to pay before moving in, they never mentioned this.

Their explanation for the insurance goes like this:

It is a condition of your Tenancy Agreement to have accidental cover for Landlords

fixtures and fittings . HomeLet who specialise in rented accommodation insurance can

provide you with this cover for the period of your tenancy. Your personalised quote for

contents, which automatically covers you for accidental cover to the Landlords fixtures

and fittings (for a minimum of £5000) is attached for your perusal, with an information

leaflet regarding the policy. An Initial Disclosure document is also enclosed for your

information*. If you would like more cover, please ring 0161 432 0101 for a quote.

Surely it is the deposit that should cover accidental damage?

Don't take the agent's policy as they only want to take it because they get a kickback. Your own policy will give you the cover you want (or don't as the case may be). Your deposit is there to cover damage by you to the landlord's property anyway.

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Its an unfair contract term as defined by the OFT... theres a link on this forum somewhere.

tell them you have your own cover....we use Tescos, which covers our kit and anything the landlord has.

OUr ex agent wanted £100 for £5k cover.

Just wondering what the deposit is for if not to cover damage covered by insurance.

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