LANDLORD INSURANCE
FLOODS, STORMS, RENTAL CRISIS:
THESE ARE THE HEADLINES WE ARE SEEING CONSISTENTLY EVERYWHERE OF LATE. BY COVER GUARD
All experts across every space have predicted these challenges will be with us for the next 6 months and beyond. Of most concern is that unprecedented rain and floods are predicted to continue for the foreseeable future. WHAT DOES THIS MEAN FOR PROPERTY OWNERS, LANDLORDS, AND PROPERTY MANAGERS?
cover on their policies. Flood
Due to the continuing devastation
redefining so as to avoid claims.
from storms and floods, insurers
Please ensure you read the fine
are paying a record number
print on all policies.
of claims, and suffering a huge backlog on claims. Moving forward 1. Insurers have already advised they will be increasing rates and premiums. This is not a possibility – it is a given with insurers acting on this in the coming months 2. Huge delays on insurance claim settlements – this is already happening now Aside from the above, the current national rental crisis has led an increase in rent for all tenants. This again will lead to a further
cover is a major target which most insurers are already excluding, or
$2,000 per week and up to 24 months (standard) • No delays on claim settlements Please do not hesitate to contact us and at the very least have
The resounding message here for
an alternate option from your
Property Management professionals
Landlords Insurance Solutions at
is for Property Management
hand for when you need this.
professionals is – Are your clients assets adequately protected when it comes to Landlord and Property Insurance?
We are here to assist you. We make insurance easy, and will add value to the Century 21 Landlord program for investors.
"The good news for investors who have their property assets managed by the Century 21
Contact us today if you have any queries or if you would like a quote.
network is that we have got you covered! Your Century 21 Property Manager can provide you with an insurance policy that sees your property protected and covered for floods through Cover
increase in premiums by insurers.
Guard Insurance. And at a best
REDUCTION ON COVER FOR FLOOD ACROSS THE INSURANCE MARKET
• Flood cover is included as
Most insurers are already reducing
• Loss of rent is covered up to
competitive price."
standard on all our policies
C21 MARKET PULSE
06
CENTURY 21
DISCLAIMER This article was brought to you by Cover Guard Insurance. This advice does not take into account your personal objectives, financial situation or needs. For this reason, before you act on this advice, you should consider the appropriateness of the advice having regard to your own objectives, financial situation and needs. Insurers have created Target Market Determinations (TMDs) which set out the type of customer and risk the product is designed for. We can confirm that you fall within these criteria for this financial product. If you would like a copy of the TMD, please advise us so that we can make this available to you. Before you make any decision about whether the policy is right for you, you should obtain and read the Product Disclosure Statement(PDS) for the policy.
