Like all insurances, landlord insurance policies are not created equal. Before purchasing or renewing your coverage, it’s essential to thoroughly read the fine print.
When you have an investment property, landlord insurance should be on the top of your “must haves” list.
It’s additional coverage that building and contents insurance won’t cover you for including loss of rent, malicious damage or even legal costs for evicting a tenant. The good news is; being an investors expense, the cost is tax deductible.
When selecting your insurance, you need to do your research and review what each policy does and doesn’t cover, we’ve witnessed too many scenarios where the landlord discovers this and it is simply too late.
Some of the aspects to identify include whether:
Take the time to review your Product Disclosure Statements – otherwise you may regret it. We encourage landlords to review landlords insurance by Property Insurance Plus and EBM Insurance to see if they are a good fit for you.
For more information please contact us on 9725 7444.