Co-op insurance has launched a new product for tenants to provide cover for personal belongings. It includes accidental damage tenants’ liability cover. Market research from Co-op Insurance found that 30% of UK renters had no insurance for their belongings, even though a fifth said their value exceeded £5,000 and a third expected to be in rental accommodation for at least five years.

Andrew Nevitt, head of Co-op Renter’s Insurance, said: “As our research shows, despite the large numbers of people in rented accommodation across the UK, many either simply don’t have adequate protection for their belongings in the first instance or are unsure if they do and what is covered.”