What are fixtures and fittings insurance?

Fixtures and Fittings Insurance covers you if damage has been caused due to an insured event such as a fire or escape of water from a burst pipe. Accidental Damage can also be selected as an optional extra cover, for an additional premium.

Are fixtures and fittings assets or liabilities?

UK, European and US property law all seem to define a fixture in similar ways, as a fixed asset and specifically ‘an asset which has been attached to property in such a way as to be part of the premises and its removal would do harm to the building or land’ (dictionary.law.com).

What is the difference between fixtures and fittings?

Fixtures and fittings is often thought of as a catch-all term for items attached to a property but, while the term ‘fittings’ has no legal definition, there is a broadly accepted distinction between the two. Fixtures are items that are permanently attached – or fixed – to the property, like a fitted kitchen, boiler, baths, sinks and toilets.

What is the definition of fixtures in real estate?

Fixtures, in the context of insurance, are movable or personal property attached to an immovable property that they become a part of the immovable or real property and are covered under a real estate insurance policy. Insuranceopedia explains Fixtures.

Is the landlord responsible for fixtures and fittings?

Landlords are responsible for insuring their own fixtures and fittings, but do not have to provide cover for anything brought into the property by tenants. Does contents insurance cover fixtures and fittings?

What kind of insurance do I need for fittings?

Fittings are counted as contents, which means you’ll need to insure them under a contents or home and contents insurance policy. AAMI Contents Insurance covers off the fittings listed above, plus the other usual suspects (like your couch, clothes, coffee machine, and more). Understanding what counts as a fixture or fitting can get confusing.