18th June 2016

Landlord Insurance

Landlord Insurance

Renting your property to tenants involves risk. While Cale Property Agents can help you mitigate this risk by careful tenant selection and regular inspections there may be a time when things do not go to plan. At these times landlord insurance will help you minimise your loss.

Standard Insurance Policies may not cover you for all manner of events, accidental or otherwise related to leasing your property.

Landlord Insurance is a specific type of Insurance to cover events related to renting your property to tenants.

Protect Your Investment Returns

Landlord insurance can cover you for damage or theft by tenants, loss of rent, rent default, contents cover, liability cover, flood cover and cleanup costs associated with illegal drug production.

Individual policies do vary, so it's important to always check the Product Disclosure Statement (PDS) of the policy you're comparing to get a picture of what events are covered.

What does it Cost?

The cost of your Landlord Insurance will depend on your individual needs and policy coverage. Coverage can be obtained for around $350 per year, less than one weeks rent. The cost should also be Tax Deductible. Most insurance providers will have a Landlord Insurance Policy speak with your insurer about your specific coverage needs.

Links to Some Insurance Providers

Aon

Rent Cover

terri scheer