LANDLORD'S FURNISHINGS - INSURANCE

Under a typical landlord’s insurance policy the insurer will cover a landlord's:

• fittings
• furniture
• furnishings
• carpets.

- if they suffer loss or damage because of one of the listed events. This cover is available if:

• you have either a replacement or an indemnity policy.
• you are a landlord
• you do not live in your home, and
• the items are in your home for the use of your tenant.

Under this section of the policy, the insurer may:

• require the items to be repaired or replaced.
• pay you the reasonable cost of repairing or replacing the items which suffer loss or damage.
• do both.

The insurer will not pay for any loss or damage that is intentionally caused by your tenant. It may choose to apply depreciation based on the age and condition of each item before it settles any claim. Typically, under this section of the policy the most the insurer will pay is 5% of the sum insured.