If you have an investment property or are looking to buy one, it’s a good idea to find out more about home insurance designed specifically for landlords and investors.
While it makes sense to protect your investment against loss or damage, it’s also important to consider covering some of the special risks that investment properties may face.
How is landlord insurance different?
Like regular home insurance, landlord insurance provides protection against damage to your property from unexpected events such as theft, flood, fire and storm.
But this type of insurance also offers additional protection unique to landlords, such as loss of rent when your tenant can’t live in the home due to extensive damage caused by an insured event.
It often also includes cover, or the option to include cover, for loss or damage caused by your tenants that can’t be covered under standard residential home insurance policies.
Quality cover for your investment property
The Investment Home Package from CommInsure provides cover for your building, contents or both. It also provides these optional covers for added protection:
- Loss of rent extra (if your tenants stops paying)
- Malicious damage or theft by tenants.
Is landlord insurance right for you?
Landlord insurance can help give you greater protection for your rental property and income than standard home insurance.
Find out more about CommInsure’s Investment Home Package or speak to us in a branch. You can also try our online calculators to work out the replacement value of your building and contents, so you can choose the right sum insured to suit your needs.