Whether you are a first-time landlord or a seasoned property investor, it is critical that you are protected from financial risk by obtaining good landlord insurance. 

Not all landlord insurance policies are the same, you must make sure to compare apples with apples to make sure you have adequate cover. 

Landlord Insurance works to cover a landlord's financial liability for a myriad of reasons. A basic contents insurance policy may also be required for your property, for items not covered by landlord insurance.  

Landlord insurance provides cover for the following:  

Loss of rental income including 

• Absconding tenant 

• Defaulting tenant 

• Failure to give vacant possession 

• Death of a tenant

• Untenantable property

• Prevention of access

• Rent reduction 

Contents 

• Tenant damage 

• Flood 

• Storm or rainwater 

• Escape of liquid 

• Fire (including bushfire) or explosion 

Building 

• Tenant damage 

• Pet damage 

• Scorching 

Additional benefits can include legal expenses, replacement of locks, emergency service damage and legal liability cover. 

Taking the time to select the correct policy is important when the time comes to make a claim. 

Whether you are a self-managing landlord, or have a property manager, we recommend contacting a landlord insurance specialist.