Landlords insurance

Understanding Your Coverage Needs

There are three common scenarios for landlords, and it’s important to choose the right insurance based on your specific situation. Feel free to talk to us if you are unsure about which one is right for you.

Scenario 1: Residential Home for Rent

• Coverage Needed: House Insurance specifying the occupancy as Rental with a Landlord Extension.

• Key Coverages:

  • Malicious Damage or Theft: Up to $30,000 for one event.
  • Landlord Furnishings: Up to $20,000 per dwelling or the insured Contents amount.
  • Loss of Rent (Dwelling Uninhabitable): Maximum period of 12 months.
  • Loss of Rent (Non-payment by Tenants): Occasions covered include prevention of access, vacating without notice, eviction of tenants, and tenancy tribunal order.

Scenario 2: Apartment Owner in a Body Corporate

• Coverage Needed: Landlord Plan, a comprehensive policy designed for residential landlords.

• Key Coverages:

  • Property Damage: Including malicious damage.
  • Loss of Rental Income.
  • Legal Liabilities.
  • “P” Contamination Coverage.

Scenario 3: Commercial Property Leased to a Business

• Coverage Needed: Material Damage under a Business Insurance policy.

Contact Us Today

Ensure your property investment is protected with the right landlords insurance. Contact our knowledgeable team to discuss your unique needs and find the coverage that provides peace of mind for your valuable assets.