As your Property Manager, we recognise how important your investment property is to you and we take pride in the service that we offer our clients, however sometimes incidents occur that are out of our control and that is why we stress that land lords insurance is a necessity when renting out your investment property.

It is a fact of life that anyone’s situation may change in the future and it is in your best interest to ensure that if your tenant is not able to commit to their lease, there is damage caused to your property, or that your tenant in in arrears, that you are not at an immediate loss. It may take many months or years for a debit to be recovered from your tenant in the local court and this is the reason that landlord insurance is necessary as the usual payment of a claim is from 7 – 14 days.

Apart from the peace of mind that you are covered against rental default or damage that may be caused by your tenant, a landlord insurance policy will also cover your contents, should there be damage caused by a fire, water leak or damage caused by a strata repair. Many apartment owners are under the impression that strata will cover you for all rectifications, however this is not the case as strata will only repair items that are considered common property and you are responsible for the replacement or repair of the contents and fittings within your apartment, as well the flooring and paint on the walls.

If you currently have a policy on your property and it is managed by yourself, we ask that the details of the policy for e.g insurance agency, policy number and expiry are supplied to our office so that we can help monitor that the policy is current. It may also be in your best interest to have the policy re-directed to our agency so that we can ensure that the insurance premium is paid on time and that we are able to act on your behalf should the unfortunate situation occur that an insurance claim is required.

For all owners who do not have landlord protection insurance, we ask that you strongly consider purchasing a policy to ensure that you are equipped for any unforeseeable issue that may occur in the future. The cost of the policy is tax deductable and usually between $300 - $400 per annum. We spend several hundreds or even thousands of dollars to protect our cars from theft or damage, however overlook insuring one of our most expensive assets.

Due to legislation, as your Property Manager I cannot endorse an insurance policy over another, however the majority of our owners do have a policy with one of the 3 below insurance agencies.

Should you wish for our agency to purchase an insurance policy on your behalf please contact our office on 9893 7788