Landlord insurance for kitchen appliances
Landlord’s contents insurance will most likely cover your kitchen appliances and other white goods. However, insurance providers may need to be made aware of any particularly expensive items, to ensure that landlords will not be forced to pay for the repairs or replacement, such as particularly high end cookers or fridges.
Although contents insurance will in many instances be enough to pay for damages or losses of this kind, the cost of checks and maintenance may in some cases have to be met by the landlord. For this reason, a number of insurance companies have decided to offer separate landlord insurance for kitchen appliances in order to address these costs.
It should be remembered that in accordance with the Gas Safety Act, all gas related household appliances must be adequately maintained by landlords in accordance with UK laws and must be subject to regular checks.
Unfortunately, the cost of repairing and maintaining these items has become increasingly expensive and many property owners are considering landlord insurance for kitchen appliances as an increasingly valid option.
However you may be able to find a standard landlord’s contents insurance policy that comprehensively meets your requirements for kitchen appliance cover. You may want to particularly look into a combined policy that includes contents cover with other important areas of landlord insurance such as buildings cover and landlord’s liability cover.
When you consider your different landlord contents insurance policies you may find a choice of indemnity coverage or ‘new for old’ policies:
- Indemnity cover – If you take out this type of cover and make a claim to replace a kitchen appliance or other insured item, the insurer will take into consideration any depreciation in value the item might have sustained since it’s time of purchase, such as natural wear and tear. This means they will pay you what the value of the product likely was at the time of claim and not necessarily what you originally paid for the item.
- New for old cover – New for old cover will do just that and replace any item you make a claim on with a brand new item, because of this new for old policies may attract higher premiums.