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Can I get a buildings insurance policy if I don’t own the property?

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  • Only the owner of a property can purchase buildings insurance for it, but any tenants or occupants can obtain their own contents policy. If you don’t own the property, then you aren’t able to cover the building, and would need to contact the building’s proprietor to check that this cover was in place.
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    • If this is the case, then why does your website state on the page http://www.confused.com/home-insuranc... that "If you're a tenant in your house or flat, you can rely on Confused.com to get you an excellent deal on your contents insurance, and also your buildings cover if required." I find it very confusing that this page then links back through to the regular home insurance quote process, despite having led me to believe that insurance for rented accommodation is an entirely different entity.
      I am about to move into a rented house, and part of the contract states that as the tenant I must "Hold insurance adequate to protect the personal possessions of all tenants and any accidental damage caused by the tenants to the property, its contents, furniture, fixtures and fittings". The property is unfurnished so obviously I will need contents cover for my own possessions, but I was under the impression that any damage to fixtures, fittings or the property itself would only be covered by buildings insurance? Are there any insurers who will actually offer such a policy, and if so is it possible for them to be included in your quoting system?
    • You can not insure property if you don't own it. If you could we would have more houses burning down. Insurance policy owners in a tight bind might be tempted to insure the house, burn it down, collect the money and walk away because it is not there house and don't care. It is called insurable interest. They are talking about you getting renters insurance, it covers YOUR personal property in the case of a lose and also under the LIABILITY part of renters insurance if you ACCIDENTALLY damage the property of others. In other words you are liable for damage to the property you are using and they want to make sure that they don't suffer a financial loss of broken items that you can't afford to replace. Any insurance agency can sell it to you for about $10 per month. Talk to your auto insurance agent, the renters insurance will most likely be very little or no more cost because of the discount that you get on the multi policy discount.
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  • This reply was removed on 2010-08-25.
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  • can i get a policy to cover me , for any faults inside the home (rented) ?
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  • can i insure property , apart from personal, in rented accomodation?
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  • A tenant can insure the building if the lease agreement makes them responsible for doing so. This isn't a good idea for the landlord because if the tenant doesnt arrange the insurance and a claim occurs, the landlord is out of pocket (although they can take action against the tenant for breach of contract). More commonly, landlord insures and passes cost to the tenant - the landlord can insure with whomever they wish and at whatever premium unless the lease agreement says something different.
    Insuring against faults - depends what you mean by faults but general maintenance and wear 7 tear isn't insurable.
    Insuring property apart from your personal possessions - firstly why would you want to? Unless you are made responsible for the other items by contract, you can't insure someone elses property as you have no financial interest in it.
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