- Owning a business comes with a range of pressures, none of which compare to the financial strains that are brought on as a result
Domestic Landlords Insurance
Landlord’s insurance is like home and contents for investors – with some specialist benefits that protect you as the owner as well as your asset while in the care of tenants.
What is Domestic Landlords Insurance?
It expands on building and fittings cover to also protect your investment income and property. Unlike home and contents, our landlord’s policies can provide cover for malicious damage and theft by tenants.
The building section covers your structure and permanent fixtures (pools, walls, roofing, etc) from intentional damage from tenants, as well as accidental damage and weather events.
Contents cover offers protection for your fittings, which can include items like your carpets, blinds, curtains and any whitegoods or appliances.
What can be covered
- Tenant theft or malicious damage
- Accidental damage
- Motor burnout of appliances
- Fire, flood & storm
- Loss of rent (if property is damaged & untenable)
- Tenant default
- Public liability (damage/injury to tenants or belongings)
What may not be
- Construction defects
- Renovations or additions >$75,000 not declared
- Failure to maintain or repair once notified
- Most pet-related damage
- Damage/loss from birds, insects, vermin
How can we help?
With access to a range of quality insurers, and policies not available to the public, we can offer you a range of competitive quotes. As brokers, we’re also able to offer you coverage that insurers don’t offer directly to the public.
For example, a 360 Underwriting broker policy automatically includes $60,000 of contents cover at no additional cost.
We’ll help you compare the price with the coverage offered for each, so you can choose what’s best for you. For every new business quote and renewal, we break down all important changes and comparisons for you in plain English.
Domestic Landlords claim example
Janet and Ross bought an investment property in Sydney’s inner west. They relied on the rental income from the property to help cover their mortgage repayments. They rent the property to tenants who cause extensive damage to some of the walls, floor coverings and doors – and then left owing 12 weeks’ rent.
Because the property needed repairs, Janet and Ross were unable to rent it out immediately. Fortunately, the couple had taken out landlord’s insurance with loss of rent cover AND chose the rent default cover option.
They successfully claimed on their insurance to cover their repair costs, the 12 weeks of rent default from the tenants vacating without paying, and their loss of rent while the building was repaired. This allowed them to make their mortgage repayments and repair the property quickly so they could get new tenants in.
Our Specialty
Consolidated Insurance Brokers can help by placing you with the best policy for your needs. We'll find you the most competitive rate possible, and offer advice to ensure your insurance protects what matters.
Great advice
As brokers, it's our job to give advice. We always aim to deliver great, not just 'good', advice.
Your partner
We manage your insurances so you don't have to — save precious time and effort.
clear terms
Your renewals, quotes and policies will be delivered in clear, easy English — no more confusion.
full cover
With a broker, you get more comprehensive cover and benefits not available if buying directly.
Frequently Asked Questions
There are many benefits of using a broker over buying directly from the insurer. Insurance brokers:
- Work on your behalf to secure you better protection through their negotiating power
- Help you understand your risks and empower you to make better life / business decisions
- Ensure insurers are held accountable to their promise to protect what you value during claims
- Save you time and money by taking care of comparing and customising policies for your needs
What our Customers Say
109 James Street, New Farm
- Dealing with Natasha made sorting out my insurance as painless as it could have ever possibly have been.Natasha gave me multiple options and choices, also adding her opinion of pitfalls to be mindful of.Being our first commercial … More property purchase, I was extremely lucky to be talking with Natasha, who has an outstanding and wide knowledge of commercial properties and associated insurance.To my amazement, Natasha also offered all these options in under an hour, which I found stunning!The lost art of PR and courtesy is alive and well here.Thank you SO much for being you !Jay, Adelaide SA
- I found Tracey communicative, efficient and friendly. The quotes received were competitive and the material provided easy to read and understand. My email queries were answered responsively with the information I sought. … More For a busy professionals looking for insurance - these are the brokers I recommend.
- Karen has been handling our business insurance for past few years and has always been a pleasure to deal with. She is professional and always manages my queries and requests in a timely manner. I would definitely recommend … More her and CIB.
- Great customer service from Natasha Nielsen 5/5. She explained the ins and outs for my landlord insurance that allowed me to go for the most prudent package. I wished I heard about this firm earlier.Any future insurance deals/renewals … More I will giving them a call first!
- Standard insurance packages did not cover my business needs, leaving me vulnerable. Debbie quickly sorted it out and provided good options. Highly recommended. Big Thankyou, Debbie!
Learn more about Domestic Landlords Insurance
- Insurance can be a very confusing and complex subject. The “jargon” often used by companies will probably leave you with more questions than answers
- There are many ways that you can buy protection in the form of insurance. We often hear things like: “Why use an insurance broker?”
Get in touch
Talk today with our team to find the right kind of insurance that will suit your needs.
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