Sunday, October 25, 2009

Q & A: If I rent a property who pays for the insurance?

The owner of the property is responsible for paying the rates and for insuring the property. That is, insurance for the physical building and not for your personal belongings.

If you want protection for your personal belongings you will need to take out "Contents Insurance." This will cover the cost of your personal belongings if they are stolen or damaged.

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