Landlord 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. We can help commercial property or domestic landlords. Call us now!
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.
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.
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.
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 $70,000 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.
There are many benefits of using a broker over buying directly from the insurer. Insurance brokers: