What Does Landlord Insurance Cover?

Rental Property

Landlord insurance is very important and necessary for the property owners who rent their properties to the tenants. On the other hand, Landlord Building Insurance covers various damage of owner's property, from any kind of accidental damage or damages made by tenants.

Understanding Landlord Insurance

Landlord insurance is an insurance policy for property owners that covers financial losses concerned with rental properties. Landlord insurance is designed to protect rental properties from bad tenants and damages. It covers all kinds of tenant related risks including rental loss, vandalism committed by tenants or their invited guests to your building and contents and also accidental damages to your property. Also, your rental properties should meet the property standard to claim an insurance.

How Landlords Can Benefit From Landlord Insurance

Landlord insurance can cover the Landlords in the following cases:

•  Property was stolen by tenants or their guests

•  Accidental damage

•  Malicious damage by tenants or their guest

•  Legal expenses

•  Rental losses

• Liability cover if any claim made against landlords

Landlord Building Insurance

Landlord building insurance covers you from unexpected damages to your building. Damages can happen accidentally or can be made by tenants.

Accidental Damage

Landlord Insurance Can Also Cover You From the Following Cases:

Unexpected damages	Damage caused by tenants, visitors or unknown persons	Loss of rental income
Fire explosion Water damage Lightning Strom Earthquake and tsunami Flood Electric burnout of household machine Accidental glass breakage Impact Riot Legal liability	Theft or burglary Accidental loss or damage Malicious damage	Deliberate damage by tenant Theft by tenant Garbage removal (Value Plus Only) Absconding tenant Defaulting tenant Prevention of access (Value Plus Only)

Malicious Damage

There are many landlord insurance companies that provide landlord insurance in Australia. Make sure that your insurance company covers your best interest to your property. Contact with the best landlord insurance company that provides landlord protection insurance across a wide range including building or context damage and rental income loss due to many circumstances involving tenants. Get your property insured today by specialised insurance which is designed to assist and protect the interests of landlords.

Insurance Agreement