This video is being updated to 1080p High Definition – It will be back online in a few days
Scroll down for article/post

Choice of male or female voice - Can change colours & branding*

Download – The Video, Written Article (below) & Featured Image for You to Use

| Landlord Insurance Explained

There are many types of insurance policies you need to consider when you purchase an investment property. Landlord’s insurance is one of the most important policies.

Your rental property is one of your most valuable assets and as such you need to ensure that it is protected.

You need to have protection if tenants do any damage or leave without paying their rent amongst other scenarios. 

Landlords insurance can provide you cover for various issues including – loss of rent, theft, malicious damage, fire, flood storm damage and other natural disasters.

IMPORTANT – Carefully read your insurers product disclosure statement to ensure exactly what you are covered for.

Why Do I Need Landlord Insurance If My Tenant Pays A Bond?

  • The bond is usually only a 4 weeks rent. This most likely won’t cover much damage to the property.
  • Standard home insurance normally will not cover rental related issues (eg: loss of rent or damage by tenant).
  • If you are just relying on the bond and there is a shortfall – taking legal action to recover costs can be very expensive and you may end up with nothing except a lot of legal bills.

Do I also Need Home Insurance?

Not normally – if you’ve already taken out building and contents insurance as part of your landlord insurance, you will not need an additional home insurance policy 

Although you won’t be covered for building damage if you have only taken out tenant protection insurance. Be careful to read the product disclosure and define definitions.

Landlord insurance basically addresses the gaps left by other insurance.

Decide how much to insure the building for. When you’re insuring the building, it makes sense to insure it for its entire value, otherwise you would only get a partial payout if it is destroyed. This could end up costing you hundreds of thousands of dollars.

How Much Does it Cost?

This varies depending on where the property is located, if you use a property manager or manage the property yourself amongst other factors like how much rent charged, is it furnished and the size of the home.

A quick phone call or website visit can give you a quick approximate quote.  Read and re-read the exclusions in your policy PDS.   There are some situations where you won’t be covered.

Truely, the most cost effective digital content 
solution available to real estate professionals.

NOTE: This is not meant to be financial or professional advice and is only of general nature.  You must seek professional advice before taking any actions.  Any actions you may or may not take are your responsibility.
The above information comes with no warrantees whatsoever.  Although we strive to provide up to date and accurate content, we take no responsibility whatsoever for the accuracy or inaccuracies of any part of the content.  The content comes with no warranty whatsoever.   

12 Month Trial

Access to All Premium Content
Use 2 titles /wk - (104 titles /yr)
New content added every day
Works out .95 cents per Video/Article!

Signup Now
No credit card required

How Does it Work?
- Get Access to our online portal.
- Download Video / Post / Images
- Use "As-Is" or edit as you see fit
- Use/Brand as your own

Receive all content material
- Actual Video files
- Written Articles
- Featured Images
- Use "As Is" or change/edit
- Saves you hundreds of hours
- Choose from hundreds of posts

Persona Based
Premium Video Content

Ready To Use For Your:
- Website / Blog
- Social Media.
- Emails / Newsletters

Download Information Pack: