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RENTERS AND TENANTS INSURANCE

Contents insurance for renters to protect personal belongings

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Up to £100k Contents cover for renters

Whether you own your own property or are living in rented accommodation, it’s important to know your personal belongings are protected against damage or loss.

Saga’s 5-star Defaqto rated Contents cover for tenants provides peace of mind that your favourite things are covered, wherever you make your home.

What is renters insurance?

Renters insurance, also known as tenant insurance, is contents insurance for renters. If you rent a property, contents insurance provides cover for your personal possessions in case they are stolen or damaged while they’re at home.

Renters insurance may also cover your liability if your landlord’s property or possessions are damaged – helping you protect your deposit.

What does renters insurance cover?

Renters insurance is designed to replace the tenant’s contents in the event of theft, fire or escape of water, including household goods, electrical items and valuables.

We offer Saga Plus and Saga Select Home Contents cover for tenants.

Saga Plus and Saga Select cover includes:

A choice of Contents cover to suit your property up to £100,000
Cover for improvements you’ve made as a tenant, such as built-in appliances
Items are replaced new for old, if repair isn’t feasible
Alternative accommodation up to £25,000 with Saga Select and up to contents sum insured on Saga Plus, for you and your pets if you have to move out of your home during a claim, plus temporary storage of your contents
Optional Legal Expenses to cover legal costs from an unlawful eviction or material breach of a tenancy agreement
Cover for your liability as a tenant for up to £15,000 with our Saga Plus cover and £5,000 with Saga Select

Saga Plus cover also includes:

You'll get a price for one year's cover but, because we fix this for your next renewal, as long as nothing changes, you'll pay the same price next year. (T&Cs apply).
There are no cancellation fees – if you choose to cancel your policy, you aren’t tied in at all.
Claims promise – Making a claim won't affect your 2-year fixed price unless it's for Accidental Damage or Worldwide cover.
Accidental Damage as standard (optional with Saga Select) – for any mishaps at home, like sitting on your glasses or staining the carpet.
Worldwide cover for personal belongings (optional with Saga Select) – up to £10,000 in total, with a £2,500 limit per item, pair or set. Bicycles are covered up to £1,000 in the UK, Isle of Man, or Europe (for up to 60 days).

Compare contents insurance for tenants

Cover and benefits	Saga Select	Saga Plus
Contents cover up to £100,000
Items are replaced new for old if they can't be repaired
Cover for your liability as a tenant	Up to £5,000	Up to £15,000
Accidental Damage cover for sudden and unexpected damage to the contents in your home that you own, including TV, spectacles, rugs, curtains, and more	Optional
Matching Sets cover for items like earrings or three-piece suites where a component can't be repaired or replaced to match
Damage to your contents by pets
Cover for food and drink kept in your fridge or freezer	£500	Up to sum insured
Worldwide cover for personal belongings up to £2,500 per item. Bicycles are covered up to £1,000 in the UK, Isle of Man, or Europe (for up to 60 days).	Optional	£10,000
Legal Expenses to cover legal costs from an unlawful eviction or material breach of a tenancy agreement	Optional	Optional
2-year fixed price – you'll get a price for one year's cover but, because we fix this for your next renewal, as long as nothing changes, you'll pay the same price next year. (T&Cs apply)

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Who provides Saga Home Insurance?

Saga Home Insurance is arranged and administered by Ageas Retail Limited and underwritten by Ageas Insurance Limited.

What isn’t covered by renters insurance?

Our Contents cover for renters doesn’t insure:

The building itself or its fixtures and fittings
Your possessions against general wear and tear or gradual deterioration
Cover will be restricted if you are away from home for more than 60 days in a row
Any business equipment worth over £5,000 (£10,000 with Saga Plus) if you’re working from home

See the Policy Books for full details of inclusions and exclusions.

Do I need contents insurance as a tenant?

The landlord of a rental property will usually have insurance to cover damage to the building itself, like the roof and walls, but not the tenant’s possessions. So even if you don’t own the property you’re living in, it’s important to have home contents insurance for tenants, especially if you have furnished the property.

The main reason why you may need renters insurance is that if your personal belongings were to be damaged by an event such as fire or flood, or they were stolen from your home, you wouldn’t have to pay to replace them yourself.

How much renters insurance cover do I need?

To get the best contents insurance for renters for your needs, you’ll need to work out how much it would cost to replace the contents of your rental property.

Go through the property room by room, listing your items and estimating how much it would cost to replace them. Our policies work on a new for old basis, so you’ll be covered for a new item equivalent to the one you insure. Any valuable item or item you want to take outside the home worth over £2,500, and bikes worth over £1,000, will need to be listed on the policy.

Once you have an up-to-date inventory it’s easier to make sure that you buy the right level of cover to protect all your belongings.

Get a quote for renters insurance today

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Does each tenant need rental insurance?

If you share a house, tenants contents insurance can be a bit tricky, and your premium might be higher if you live in a house, flat share or nursing home due to the number of people going in and out of the property.

How do I get renters insurance?

Renters insurance is simply contents insurance for people who are renting a property rather than owning their own home. Along with the guide to renters insurance we’ve provided, you can find out more about Saga Plus and Saga Select contents insurance and get a quote online.

Is water damage covered by renters insurance?

For any tenant a flooded house can range anywhere on a scale from inconvenience to disaster. Renters insurance will protect you for damage to your belongings from fire, smoke, lightning, explosion, earthquake, storm, flood and escape of water or oil. So if a pipe bursts or a drain overflows and your belongings are damaged, renters insurance has you covered and can provide alternative accommodation while any repairs are done.

What’s the difference between a tenant and a renter?

When you rent a property to live in, you’ll probably be asked to sign a tenancy agreement that makes you a tenant of that property. So in practical terms, when you’re looking at house insurance for your contents in a rental property the terms tenant and renter are interchangeable.

When should I take out renters insurance?

If you’re planning to move into a rental property, it’s best if you have cover in place before you make the move, so that your belongings will be covered from the outset. If you’ve already moved, you can still take out renters insurance at any time during your tenancy.

Find out more and get a quote for renters insurance

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