Renters Insurance is insurance taken out by tenants to protect their personal belongings from theft or damage to a property. Personal effects for tenants can include furniture, whitegoods, electrical appliances, clothing, personal effects and other possessions. A renters Insurance policy can provide renters with insurance coverage to either repair your insured contents or replace them with new ones .
Given today’s steep housing prices, more Australians than ever live in rental accommodation and regularly move houses, taking their belongings with them. In 2016, 21% of Australia’s population were renting. So nearly an entire generation of Australians are exposed to possible financial losses by the absence of insurance. With twice as many Aussies renting these days compared with 1980s, nearly three-quarters of all renters do not insure for contents.
For a basic 3 bedroom one bathroom one toilet home/unit quote this is what is recommended. No valuables included.
Renters Insurance generally costs between $15 and $25 per month and is peace of mind for tenants who like homeowners gain wealth in the form of personal possessions over time. For more information, Google “Renters Insurance Western Australia” to investigate local insurers covering the Bunbury and South West of WA. For more generalized information please contact AccordWest on 97299000.