The internet brought along a lot of good things, among them the possibility to purchase a lot of nice things from all over the World without actually having to physically go there and bringing them back home. And when you are shipping said high value object you take on a specific transportation insurance to make sure you’re compensated in the eventuality that something happens to it as it moves from the seller to your house. But once it’s in your house, what is keeping it protected?

Contents insurance is usually what people take to protect the valuable and not so valuable objects in their house. This is, of course, a great solution. Just having your house, the building, covered by insurance really isn’t enough on the eventuality of an accident or disaster striking it, because alongside the costs for repairing the house or moving to a new one, there are the costs of buying new appliances, furniture, electronic devices, entertaining or work-related, and decoration objects.

But a mere home contents insurance policy may not be enough to cover the more high value objects that you own. You would be surprised to hear that insurance companies, when let on their own, seriously undervalue things like works of art of expensive gadgets. You’d be left on the losing side if you trusted on a simple contents insurance to protect all of that. For this and other reasons you should carefully consider either getting a premium house contents insurance or a specific insurance just for your expensive, high value items. Of course, in the end, you should pick the option that’s more financially sound, but don’t necessarily assume that just because you’re taking on a “luxury” insurance you’ll have to pay a lot more. If you have a good security system, for example, and a clean insurance history a good insurance company will have no problem in giving you a moderately priced insurance policy. After all, people get nice things because they like them and want to keep them, possibly collect them. And insurance companies know this, and know that before simply dismissing them as something that “in insured” and therefore you don’t have to care so much about, you will take all the necessary steps to keep them safe and in good shape.

First option is the landlord will include the items in their own insurance policy. Every other item in the apartment will be the responsibility of the tenant, and their own insurance coverage. This ensures that your property will be covered in the event that the tenant causes damages, or if they are lost due to theft. Including your furnishings will be up to you, depending on what level coverage you prefer.

Second option is the landlord will ask the tenant to include the furnishings in their own contents insurance policy, in addition to their own belongings. This puts the tenant financially responsible for any damages or losses that may occur in regards to the landlord’s items inside the property. Rental contracts should specify this responsibility to the tenant, and the tenant will have to receive insurance coverage accordingly.