About renting furniture and should you get insurance?  

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Also here is some more renters insurance information:

One of the most overlooked things that some people do when renting is to purchase renter’s insurance. even if you are renting a room you should consider renters insurance. The costs are usually small and certainly worth considering as most of today's landlords’ insurance policies do not cover their tenants’ belongings.

Have your insurance take effect the day that you move into your new place. It’s also a good idea to discuss this with your roommate if you have one. Since they may have not even thought of rental insurance.

Renter’s insurance can help with the below problems:

1. Natural Disasters (renter’s insurance can pay for temporary housing.)

2.Break-ins.

3. Fire caused by neglect.


Work/Business Equipment (if you own business equipment such as a computer etc.)
Go into your next roommate situation prepared for the unforeseen and you’ll be starting off on the right foot. Nobody wants to file a claim or have one filed against them simply because there was no insurance coverage. Even though insurance is an “intangible,” you’ll be buying yourself peace-of-mind and protecting not just your valuables, but perhaps even friendships as well.
 

 

FAQ furniture rental info
What are the tax advantages of renting furniture?
Under section 51(1) of the Income Tax Assessment Act, rental payments made for furniture under an operating lease are fully tax deductible as a business expense. (as always check with your professional accountant to make sure this is correct)

What is available to rent?
You can find an extensive range of furniture, electrical appliances and home wares.





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