Another policy we offer at Mashroom is Contents Insurance. Contents Insurance is a policy all tenants need in order to make sure the belongings within their properties are secure and safe. This is different from Home Emergency Insurance and Rent Guarantee Insurance policies, which are taken out solely by the landlord can relate to the property itself and the income it generates, respectively. The Contents Insurance policy simply focuses on the contents within the property not the property as a whole and can only be taken out by the tenant.
At Mashroom, our Contents Insurance policies are quoted for on a monthly rolling plan with no hidden fees. The Contents Insurance policy covers items such as furniture, clothes, and household electrical goods, such as your freezer, hair straighteners, microwaves, and kettles. As many of us are now working from home more regularly, it is important to note this also includes your home office as it includes computers, laptops, mobile phones, printers, and general office equipment.
The Contents Insurance policy at Mashroom starts from the date the policy becomes active, where monthly payments will thereon be issued. If you are someone who travels a lot, a Contents Insurance policy could turn accidental damage to your belongings from a costly disaster to a minor inconvenience. Mashroom offers an out-of-home add-on in this scenario, which is suitable for travelling. With this add-on, the belongings you are travelling with, excluding photography equipment, musical equipment, and jewellery, will be protected against theft and accidental damage if you travel anywhere within Europe, plus worldwide travel for a period of 60 days. For the cyclists and bike owners amongst us, Mashroom’s Content Insurance policy covers bicycles, including unintended loss or damage anywhere in Europe; however, this does not include scooters or motorbikes.
A key component of our Contents Insurance policy is excess. Excess refers to the amount policyholders have to pay when they make a claim. Our standard compulsory excess is £100. This covers things such as escaping water, subsidence, ground heave, and landslip claims. There is also a voluntary excess you can contribute towards which is excess that is not required however, the higher the excess, the lower your monthly payment becomes; however, the voluntary excess would need to be paid every time you have a successful claim.
To purchase Contents Insurance, you can do so right here on the Mashroom website. You will need to provide details to do with the property and your belongings. This will help us ascertain the correct quote for you. Once we have this and you are happy with the said quote, you can confirm the purchase. Your policy will come into play on your chosen date. Your Contents Insurance will continue on a rolling contract until you manually cancel it, which you can do by logging into your Mashroom account and following the steps. As with the Home Emergency Insurance and Rent Guarantee Insurance, all the documents you need for your policy and to make a claim will be placed in your Mashroom account for you to access as and when you need them.
To find out more about the Contents Insurance policy cover we offer at Mashroom, please encourage your tenant to email us at email@example.com so we can talk them through this and can make sure they are protected from incidents such as burglaries
Beyond these insurance policies, we also work with landlords by providing services such as the deposit replacement scheme. You can find out more about this and the other services we offer landlords by visiting our website.