Rental Insurance for Landlords and Tenants
You've taken the plunge and purchased your first rental property, or perhaps your second as you build your portfolio. It's a major investment so you want to be sure not only that you have purchased a sound, desirable property with long-term potential but that you have quality rental insurance in place as well.
Rental insurance covers your investment rental home for the standard events such as storm and lightning, fire, explosion, impact, rainwater, run-off and water damage, malicious damage and riot, plus theft by the tenant, rent default, tenant hardship, death of a sole tenant, landlord's contents, mortgage discharge costs and much more.
Naturally landlord rental insurance applies solely to the home and to the external fixtures. The tenants will need to take out their own insurance to cover their contents and personal belongings.
1Cover's comprehensive contents insurance offers fantastic protection for all your core furniture, soft furnishings, outside furniture and belongings such as bicycles, surf boards and the like, personal possessions even when you travel throughout Australia , credit cards, personal liability and much more.