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Contents insurance for a rental apartment

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  • 28-01-2008 11:24am
    #1
    dmohalloran
    Registered Users Posts: 78 ✭✭


    Hi,

    I have recently moved into a new apartment, which I am renting. I have no previous experience with home contents insurance. Is there any policies that people would recommend. I have looked at a few on the internet, but they only seem to offer insurance to the owner of the property.
    Is there any policies specific to the rental market?

    Thanks


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    #2
    cgc5483
    Registered Users Posts: 640 ✭✭✭cgc5483


    I know Axa used to have a policy for people to insurance their contents when living in rented accommodation as they tried to sell it to me when i was renewing car insurance. Think you can only get it if you are renting the place alone or with family but not for a house share say with friends.


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    #3
    Ste.phen
    Registered Users Posts: 2,808 ✭✭✭Ste.phen


    I think 123.ie do contents insurance in shared rental accomodation, but i'm open to correction
    [edit] when i last checked, it did mention you needed a proper bolt on the door, and an alarm, which could be an issue (i.e if your flatmate goes out and doesn't alarm the place and it gets robbed, no claim for you[.edit]


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    #4
    bugler
    Registered Users Posts: 3,436 ✭✭✭bugler


    123.ie do contents insurance, and you don't have to own the property.

    As for conditions, well all policies will have certain standards. It's reasonable to stipulate that if you're going to be insured against fire that you have a smoke alarm, against theft that you have a decent lock, and if you have an alarm that you use it. You don't need an alarm by the way (or you didn't a year ago), but having one will probably reduce the premium.


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    #5
    astrofool
    Registered Users Posts: 16,655 ✭✭✭✭astrofool


    I'm with safehome from royal sun alliance, costs about €170 a year to insure contents in the apartment, got through a broker, pm if you want details.

    As is always the case with insurance, ring around and get the best deal for yourself.


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    #6
    Colonel Sanders
    Closed Accounts Posts: 7,669 ✭✭✭Colonel Sanders


    Allianz do as well.

    With all companies make sure you ring the 2 or 3 companies with lowest quotes rather than buying online, direct sales people can give discretionary discounts over the phone and in the current soft market they seem to be giving them to just about everyone. Worst case scenario is that you pay the cheapest price quoted online.


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    #7
    January
    Closed Accounts Posts: 23,862 ✭✭✭✭January


    Safehome through Royal Sun & Alliance, go through a broker. The big one... the one that does breakdown assitance too... and motor insurance?


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    #8
    Colonel Sanders
    Closed Accounts Posts: 7,669 ✭✭✭Colonel Sanders


    adrieanne__x wrote: »
    ...go through a broker...

    why pay a broker commission when you can buy direct and cut out the middle man? (well you can't buy direct from RSA but you can from many other companies)


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    #9
    Rb
    Closed Accounts Posts: 14,277 ✭✭✭✭Rb


    123.ie do contents only insurance on rental properties alright, but only for single tendancy properties. Multi-tenancy (if you're sharing the place with friends or other tenants) contents only insurance is hard to find.

    The best single tenancy contents only insurance is probably Axa (direct) or perhaps Allianz, a lot are much more expensive than those two (2x in most cases)


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    #10
    astrofool
    Registered Users Posts: 16,655 ✭✭✭✭astrofool


    Colonel Sanders wrote: »
    why pay a broker commission when you can buy direct and cut out the middle man? (well you can't buy direct from RSA but you can from many other companies)

    Have you not basically answered your own question there?


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    #11
    Colonel Sanders
    Closed Accounts Posts: 7,669 ✭✭✭Colonel Sanders


    astrofool wrote: »
    Have you not basically answered your own question there?

    I was talking generally, I didn't mean why buy from RSA through a broker I meant why buy insurance in general through a broker. RSA aren't the only company offering a contents only policy.


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    #12
    Colonel Sanders
    Closed Accounts Posts: 7,669 ✭✭✭Colonel Sanders


    rb_ie wrote: »
    123.ie do contents only insurance on rental properties alright, but only for single tendancy properties. Multi-tenancy (if you're sharing the place with friends or other tenants) contents only insurance is hard to find.

    AFAIK Allianz's product is for single tenancy only as well. As you say multi tenancy is hard to find.

    I'd say Quinn would be the only company that would touch multi tenants and even they might not.


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    #13
    Rb
    Closed Accounts Posts: 14,277 ✭✭✭✭Rb


    Colonel Sanders wrote: »
    AFAIK Allianz's product is for single tenancy only as well. As you say multi tenancy is hard to find.

    I'd say Quinn would be the only company that would touch multi tenants and even they might not.
    I've tried Quinn for my own contents insurance (multi-tenancy) and was told they won't cover it.


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    #14
    astrofool
    Registered Users Posts: 16,655 ✭✭✭✭astrofool


    Colonel Sanders wrote: »
    I was talking generally, I didn't mean why buy from RSA through a broker I meant why buy insurance in general through a broker. RSA aren't the only company offering a contents only policy.

    Of course they aren't, however, if they are the cheapest, or are the only ones to provide what you need, then you have no choice but to go through a broker.


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