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Protect your rental properties from accidental damage and liabilities – Landlords Insurance

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Renting out a property that you own can be daunting – even with good tenants, things can and do go wrong sometimes. If you own an investment property that’s rented out, you need to protect yourself against potential damage to your property and assets. Landlords have different risks to standard home owners – and these are often not included in a standard Home & Contents policy. Which is why investors need Landlords Insurance.

Landlord insurance protects property owners from financial losses associated with renting out a property.

It provides cover for both the building itself and any furnishings you’ve provided and your rental income and liability – while you can add further cover for lost rent, periods of no occupancy, and accidental damage.

Landlords have different risks to standard home owners – and these are often not included in a standard Home & Contents policy. Which is why investors need Landlords Insurance.

What’s included in a Landlord’s Insurance Policy?

Arma Insurance helps many investors obtain the right landlords insurance cover for their investment properties.

We can help arrange cover for:

Building Insurance:
Covers the building in the event that they are destroyed or damaged

Landlords Contents:
Covers the contents if they are destroyed, lost or damaged. Landlords Contents includes the following items: Carpets, blinds, furniture, fittings that are not built in.

Loss of Rent:
Provides a benefit if the property is unable to be lived in or rented due to loss under the building or contents section of the policy.

Rent Default:

– Provides a benefit up to a limit specified on the policy for the following;

– Tennant leaves before the tenancy period without notice

– Stops paying rent

– Evicted from the building

Theft by Tenant:
Provides cover for theft of the building and or contents from the tenant and their visitors.

Liability Insurance:
Covers against any claim for compensation or expenses which the property owner becomes legally liable to pay for following the death or personal injury to any person, or damage to third party property.

Management Liability Insurance

Management Liability insurance is designed to provide protection to both the business and its directors or officers for claims of wrongful acts in the management of the business.

Details Get Quote

Business Insurance

A business insurance pack can provide cover for your business premises and contents, against loss, damage, theft or financial loss from an insured interruption to the business.

Details Get Quote

Business Package

Purchase up to six products under one Business Insurance Package.

Details Get a quote!

Other features of a Landlords policy through Arma Insurance Brokerage includes the following:

Accidental breakage
Water or liquid damage
Vandalism or malicious act
Removal of debris and demolition costs
Burning out of an electric motor
Rebuilding fees (building only)
Loss of rent

ARMA Insurance Brokers has partnered with ACERTA to provide you instant quote of landlord insurance policy. Don’t risk your residential investment property. Get in touch with the ARMA team to discuss the best Landlords Insurance solution so your property is appropriately protected.

landlords insurance landlords

General Advice Warning: This advice is general and does not take into account your objectives, financial situation or needs. You should consider whether the advice is appropriate for you and your personal circumstances. Before you make any decision about whether to acquire a certain product, you should obtain and read the relevant product disclosure statement.

All information above has been provided by the author.

Arma Insurance Brokers Hunter Valley, ABN 60 096 916 184, AFSL 233750

This article originally appeared on Arma Insurance Brokers Hunter Valley and has been published here with permission.