With property prices rising beyond the reach of many people, combined with
the effect of the National Credit Act making it more difficult to get house
bonds, renting is increasingly becoming an option in the property market.
Building insurance is the domain of the landlord, as you won't suffer any
loss to property that you don't own. However, the contents of the house are
yours, so you'll want to take out household contents insurance. You would do
well to take out a very specific kind of policy that is limited to your actual
contents, in order to avoid paying more than you need to in premiums.
This means looking at the more specialist home insurance packages available.
Don't forget that we review all these specialist policies in our review section,
to help you make the best and most informed choice.