Providing a Landlord with peace of mind and protection on their Newcastle investment property is paramount! It is comforting to know that you can ensure your rental income and be protected against risks such as loss of rent, malicious damage, accidental damage and legal liability. There are many policies available by different providers. However, you need to make sure that you read the fine print and ensure you are using a specialist landlord Insurance company.
Here are some things to look out for – coverage may vary between policies:
Does the policy cover for death of a tenant, or if the tenant defaults whilst on a non-fixed term agreement? What are the excess amounts charged on each claim? If there are multiple items being claimed, is there a cap on how many excesses that can be charged with each total claim? Do they provide a multiple property discount? Can your claim be approved by the agent or does it have to be approved by an underwriter which can lengthen the claim time?
For such a minimal tax deductable fee and often under the cost of one weeks rent, you cannot afford to be without it!
Here at Century 21 Novocastrian we can suggest either of the following companies for your landlord Insurance:
- EBM- Rent cover
- Terri Scheer
- Realty Protect
"As a landlord myself I have my property protected with EBM rent cover Platinum policy which includes building, contents and landlord insurance under the one policy" Casey Healey Director of Century 21 Novocastrian
If you would like to find out more on how to protection your Newcastle investment property please reach out on 02 49287400 or email Casey Healey on casey@c21newcastle.com.au