Landlords - Protect your Property (Insurance)

Over half a million Australian households have an investment rental property, but many may not realize they could be taking a risk on their asset because of the insurance they have selected.

Home and contents insurance policies generally don’t protect investors from loss caused by their tenants, including:

• malicious damage
• vandalism
• deliberate or intentional damage

The good news is these types of losses are covered under all good Landlords Residential Property Insurance policies, which is specifically designed to meet the needs of residential property investors. Under a landlord’s policy, you can also take out optional cover such us loss of rent, rent default and theft by a tenant, liability, domestic workers’ compensation ("DWC") and strata title mortgagee protection. It is important that you check that DWC is required and available in your state.