Landlord Insurance
Landlord insurance is designed to protect the property owner of a home, unit and/or townhouse whilst it is being rented out to a third party. It covers the building and/or contents including the property owner’s legal liability and cover can also be extended to include Loss of Rent to due an Insurable event, Tenant Rent Default and Malicious Damage by tenant.
Tenant Damage
Loss of Rent
Fire, storm, tempest and other perils
Building and contents cover
Legal Liability
Frequently Asked Questions: Landlord Insurance
What does landlord insurance cover?
Landlord insurance is designed to protect the property owner of a home, unit and/or townhouse whilst it is being rented out to a third party. It covers the building and/or contents including the property owner’s legal liability and cover can also be extended to include Loss of Rent to due an Insurable event, Tenant Rent Default and Malicious Damage by the tenant.
What is the difference between Landlord insurance and Building Insurance?
Landlord Insurance and Building Insurance are relatively similar; however, Landlord Insurance insures you against things like accidental or malicious damage to your rental property by tenants, or lost income from a tenant defaulting on their rent. Building insurance covers you for repairs or replacement of your building if it’s damaged in certain ways, e.g. fire, flood, storm etc.
What's the difference between a short-term and a long-term rental?
Generally, a short-term rental is considered to be a property that is rented out for less than 3 months, in most cases these properties are Air BnB’s. Whereas, long-term rentals are considered properties rented out for longer than 3 months, for example, investment properties.
How do I make a landlord insurance claim?
One of the main benefits of using a broker is that we handle your claims management if and when a claim arises, rather than you having to lodge and manage your claims yourself. Details of the claim, proof, repairer invoices and photos of the damage are required for us to prepare and lodge a Landlord Insurance claim on your behalf.
What is typically not covered under a landlord’s policy?
Your landlord insurance will not cover deliberate damage caused by the owner or someone who has entered the property with the owner’s permission and like most insurance policies, Landlord Insurance generally excludes cover for building defects, e.g. construction issues, wear and tear, lack of maintenance etc.
What are the optional benefits of Landlord Insurance?
Landlord Insurance offers Optional Benefits for certain covers, e.g. Loss of Rent, Rent Default, Theft by Tenants, etc. If these covers are not selected, they are not automatically included.
Speak to your Knightsbridge Insurance broker today to find out more
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Kirsty is tenacious and driven in both her professional and personal pursuits. She is a go-getter, consistently inspired by the entrepreneurial spirit of Elon Musk. Outside of work, she enjoys yoga, boxing and jet skiing. She placed third in the world for karate at the age of nine, and now holds a Black Belt First dan in Karate.