We cannot express strongly enough, the importance for Landlords to have Legal Liability Insurance, Building and Landlord’s contents insurance as well as Landlord’s Protection Insurance.
Holding valid and comprehensive insurance is a must to protect yourself when owning an investment property. Unfortunately, sometimes situations occur beyond the Landlords, Tenants and Agents control, and property may become damaged or lost due to situations such as storm damage, water entry, Tenant accidental or intentional damage, fire or theft. Maintenance and repairs should also be carried out in a timely manner by a suitably qualified, licenced and insured tradesperson. Failure to have qualified & licensed tradespeople complete repairs, can lead to breaches of legislation, serious injury or even death. If the landlord can’t demonstrate they have acted in a professional manner, their insurers may disallow a claim making the landlord personally liable. This could result in exposure to millions of dollars in personal injury or property damage. Our services help to minimise that risk by engaging experienced, quality tradespeople to attend to repairs.
We’re able to suggest the Landlord insurers below:-