Landlord Protection Insurance for Events Beyond Your Control

When you rent out your investment home, you don’t have the same control over how it is cared for as if you were living there yourself. Because of this, special landlord protection insurance is required to cover all the additional complications potentially inherent in a rental home.

In addition, if an event occurs that leaves your rental home uninhabitable for a period of time, you are quite possibly left with paying two mortgages or without that vital additional income, a scenario which could be financially devastating for you. 

1Cover is one of Australia’s leading insurers – a ranking we take very seriously and work hard to maintain. We offer the additional protection of underwriting by Allianz, and a money-back, no-claim 21-day guarantee, plus your landlord protection insurance is often tax deductible. Just check with your accountant, but before you scoot off consider these few examples of the benefits you’ll enjoy when insuring with 1Cover:

• We cover events such as storm, lightning, thunderbolt, rainwater and run off, fire and smoke, water and other liquids, burglary, malicious damage, riot and impact, earthquake, explosion and more
• If your rental property is destroyed we pay mortgage discharge costs including legal fees and government charges up to $2,000, also loss of rent for up to 12 months
• You’ll receive up to $10 million Legal Liability, including any accident that may happen to a tenant’s visitor or their property and is deemed to have been caused by your premises
• If you decide to, or need to, sell your rental property, your cover is extended right up until the deeds change hands with the new owners

When assessing the risk and working out your premium 1Cover look at aspects such as location and age of the home and the value, whether it is a unit, a detached house or terraced house, plus any claims history, so you can be sure you’re adequately covered and protected. If you’re building a portfolio, you won’t need separate policies for each property but can combine each residence onto one policy with easy-pay monthly (no extra cost) or annual premium.

Click through now to 1Cover to get low-cost landlord protection insurance to secure your valuable investment property, or if you prefer contact one of our helpful consultants any week day. We’ll be delighted to make your life a little easier and your financial investment much safer.