Landlord insurance is designed specifically to protect those who own investments properties from the risks that come with renting it out. It generally covers events that cause a loss of rental income, theft or damage to your property.
Landlord insurance is offered by most of the major general insurance providers in Australia, so you’ve got plenty of different products to compare. Landlord insurance can apply to all sorts of investment properties, whether it’s a house, unit, apartment or townhouse.
A landlord insurance policy may cover you for the following things:
- Damage or theft by tenants or the tenants’ invited guests
- Loss of rent
- Rent default
- Legal expenses taking tenants to court
Please read our General Advice Information Page when considering purchasing an insurance product.