Landlord Insurance
Protecting you and your investment is our number one priority. We have carefully researched insurance products to ensure we can provide advice in relation to the type of cover you need for maximum protection.
We take every possible measure to ensure the right tenant is selected. However, sometimes circumstances change which can lead to tenancy issues. Standard home and contents insurance will not protect against many of the risks that landlord's face. Whether it be loss of rent due to an absconding tenant, malicious or accidental damage, tenant hardship or even death of a tenant you as a landlord need protect one of your biggest assets. Our experience and knowledge in risk management combined with a comprehensive insurance product will give you peace of mind when selecting any of the following specialist landlord insurance products.
EBM Landlord Insurance - Click to download brochure
All Landlord Insurance is not the same..
At all times we strongly urge all property owners and investors to have landlord insurance, but more importantly the right type of landlord insurance.
Even with the best tenant, circumstances can change. Having the wrong type of cover can mean large and painful excesses when claiming against rent default, or even clauses disallowing claims under certain circumstances.
With the changes to Domestic Violence Provision and proposed Break lease changes to the Residential Tenancy Act now is the time to check your insurance will cover you….
Protection for Domestic Violence victims- Effective 28/02/2019
- Immediate termination without penalty.
- Co-tenant may also leave or choose to stay with 50% rent reduction for the first 2 weeks.
- Tenant & co-tenant no accountable for property damage resulting from a domestic violence incident.
- Cannot list the event on a tenancy database.
EBM RentCover Policy Response
- Hardship provisions – up to 6 weeks to re-let.
- Cover for 2 weeks 50% rent reduction for the co-tenant.
- Standard cover for damage caused as a result of a domestic violence incident.
The proposed break fee will apply to all new (from the date of Proclamation) fixed-term leases that are 3 years or less that are entered into after the new laws start.
The break fees are:
- 4 weeks' rent if 75% or more of the lease remains.
- 3 weeks' rent if between 50% and 75% of the lease remains.
- 2 weeks' rent if between 25% and 50% of the lease remains.
- 1 week's rent if 25% or less of the lease remains.
EBM RentCover Policy Response
The landlord/property manager may deduct re-tenancy fees and advertising costs (if they are noted as fees and costs in the original management agreement) and the balance remaining is offset against the claim.
Speak with your property manager today about landlord insurance cover that is available and compare it today with what other cover you may have. You might be surprised!
https://www.rentcover.com.au/Insurance/Landlord