Insurance & money

Contents insurance: do you need it?

Contents insurance covers your possessions against theft, fire and damage — and renters need it too, because a landlord’s policy doesn’t cover your things.

Last updated 9 July 2026

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Contents insurance protects the things that make a house your home — and it’s widely skipped by renters who assume they’re covered. They usually aren’t.

What it covers

Your possessions: furniture, electronics, appliances, clothes and valuables, against risks like theft, fire, flood and accidental damage. Many policies also offer add-ons for items taken outside the home (phones, bikes, jewellery).

Buildings vs contents

BuildingsContents
CoversThe structure — walls, roof, fixturesThe movable things inside
Who needs itHomeowners (lenders require it)Homeowners and renters
Watch out. Renters, take note: your landlord’s insurance covers the building, not your belongings. If you want your things protected, you need contents cover in your own name.

Don’t under-insure

Tip. Estimate the cost to replace everything from scratch — go room by room rather than guessing. Under-insuring can mean a claim is scaled down to match, leaving you short exactly when it matters.

In short

Contents insurance covers your possessions against theft, fire and damage, separately from the buildings cover on the structure. Renters need it too, because a landlord’s policy won’t cover your things. Value your contents room by room so you’re not under-insured.

Frequently asked questions

Do renters need contents insurance?

Yes, if you want your belongings protected. A landlord’s insurance covers the building and often their own fixtures — but not your furniture, electronics or clothes. Only contents insurance in your name covers your things.

What’s the difference between buildings and contents insurance?

Buildings insurance covers the structure — walls, roof, permanent fixtures. Contents insurance covers the movable things inside. Homeowners often buy both together; renters usually need only contents.

How much cover do I need?

Estimate what it would cost to replace all your possessions from scratch. Under-estimating (under-insuring) can mean claims are scaled down, so it’s worth going room by room rather than guessing.

Sources & last checked

Last checked against official sources: 9 July 2026.