LANDLORD INSURANCE Whether the purchase of an investment property is part of a long term superannuation investment strategy or to provide additional cash flow now for lifes little luxuries, itâ€™s comforting to know you can insure your rental income. Tenants who look after your property, pay their rent when its due and ask permission every time they want to put a hook in the wall are a landlords dream come true. They respect your property as much as you do and are happy to treat your house as if it were their own.
At approximately $290.00 per annum it is a worthwhile investment for your peace of mind and added protection for your investment property and income. There are landlord protection insurance policies available on the market designed to provide cover for you as the landlord and your property. Policies may include, accidental damage, malicious damage, loss of rent, legal liability and contents insurance.
Next Rentals suggest landlord insurance as a safety net for your property should tenants default in rent payments or cause any type of damage.
Published on Oct 29, 2013