I’m a renter - what are my home insurance options?

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Think you don't need cover? Think again

If you’re one of the millions of people renting across Britain, the things we own – our clothes, furniture and electrical items – are what make a home. Looking after and insuring these possessions is therefore vital, as the physical space that they inhabit is generally not so important.

Of course, there’s more than one kind of renter, including lodgers, sharers and students. So Admiral provides two types of home insurance for people who are renting, tailoring the cover to reflect people’s different circumstances.

Whatever type of renter you are, your policy will insure against theft, vandalism, or damage by fire or water. 

Contents insurance

If you’re renting the whole home, whether solo, with your partner or as a family, your landlord will be responsible for insuring the physical building. That leaves you to insure the contents, including your possessions and the interior decor.

Many of these policies provide cover for replacement locks/keys, cash kept at home, frozen food and tenants’ liability. This last one is very helpful for tenants, as it can cover the cost of repair to your landlords’ fixtures and fittings if they’re damaged accidentally. These are all covered as standard through Admiral Contents insurance.

You can usually choose from levels of cover, depending on how much you have to protect. Take some time thinking about how much it would cost to replace everything in your home, including furniture, carpets and wall coverings, and find out from your landlord what’s already covered through their policy.

Tenants insurance

If you’re renting in any kind of capacity, you probably think of yourself as a tenant. So why is this insurance different to the cover provided by a regular contents insurance policy? If you live in a house or flat-share, you might not want to cover the contents of the whole property, and simply want to cover your own possessions.

Tenants insurance is designed to protect items you own against damage or theft by someone you don’t live with. The cover usually insures your possessions whether they’re in your bedroom or in communal spaces, like the kitchen and lounge.

Tenants insurance also often includes tenant liability cover, insuring accidental damage to windows, glass doors and mirrors, and the bathroom suite.

At Admiral, we offer Tenants insurance in three levels. When getting a quotation, you’ll be asked who lives at the property; you should answer ‘Yourself in a shared property’..

Student insurance

Students at university have a couple of options. You can either take out a tenants insurance policy, or you may be covered under your parents’ cover, for example, if they have Admiral Platinum home insurance.

This covers your personal possessions up to £5,000 in university halls of residence or other student accommodation. Some insurers only cover you if they’re stored in a locked room, while others only apply if force or violence is used to gain entry. 

Tenants insurance won’t cover you for theft or damage caused by one of your housemates, or other people invited into your property, even if you personally didn’t invite them. And due to the busy nature of student houses you won’t be covered in the event that any of your stuff goes missing after a party or study group held in your house, flat or halls of residence

Accidental damage cover

Extra cover is available as an optional extra in the event that you damage something by accident. This includes broken TVs knocked off stands, carpets burned by hair straighteners, and sofas ruined by DIY disasters.

Accidental damage cover for audiovisual equipment, mirrors and glass is included as standard on Admiral Gold policies, and full contents accident damage cover is standard on Admiral Platinum policies.

Personal possessions cover

This insures any item up to a specified value, usually £1,000, that may be worn or carried about your person while away from your dwelling, such as your mobile phone, bicycle or jewellery. It’s an optional extra for Admiral customers, whether you’re a student, a sharer or insuring the whole home.

Admiral Platinum insurance includes up to £2,000 of personal possessions cover as standard. You can extend this up to £10,000 optionally. This can represent good value when compared to insuring these items individually, and it covers things like accidental damage and theft of these items.

High value items

If you own any individual items worth more than £1,000 – such as designer watches, or expensive smartphones – these must be insured separately and declared on your policy. These are then insured for home and away.

High value items include works of art, extensive collections, musical instruments, computer equipment, photographic equipment, antiques/collectables, and other specific items.

Admiral’s policies

You must be over 18 to take out an Admiral home insurance policy.

Admiral Contents insurance is available in three levels: Admiral, Gold or Platinum. The cover available increases with each tier.

Admiral covers contents up to £50,000. Gold cover extends this limit to £75,000, and Platinum increases the limit to £150,000.

As well as insuring a greater value of contents, each level of cover adds extra benefits. A full breakdown of what’s included with each level of cover can be found here. And you can use our contents calculator to find out how much your possessions are worth.

How you can pay

You’ll be given the option of paying in a single payment by credit or debit card or, in most cases, over 12 monthly instalments via Direct Debit. Monthly payments are only available if you’re aged 18 or over.

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Contents Insurance

Three levels of cover with prices from just £44

10% of Admiral level contents customers from February to July 2017 paid less than £44