Landlord protection insurance

 

Renting out an investment property is an effective way of earning a constant flow of revenue, while the property itself appreciates in value. Of course, if managing the needs of an investment property is can take up a lot of your time and energy, being a landlord simply adds to this.

While this kind of passive income is extremely valuable, there are naturally a lot of things that need to be considered and organised to protect your investment and ensure the process of renting out your property is smooth sailing. Insurance is one of the most important considerations, as it protects your investment in the unlikely case that there is a problem with the property or the tenant, and you’re put into an uncertain financial situation.

SGUA’s landlord insurance provides protection across a range of scenarios including building/contents damage - whether malicious or accidental (value plus only) - and income loss due to circumstances involving tenants.

Our specialised insurance is designed to assist and protect the interests of homeowners that are renting their premises on a full time basis. We can cover legal fees when the landlord is pursuing the tenant on legal grounds, as well as liability claims against the homeowners. See our full list of products below:

BUILDINGS AND CONTENTS DAMAGE LOSS OF RENTAL INCOME
Protects you against unexpected events Protects you against damage caused by Tenants and their invitees Protects you should your rental income be affected by:
  • Fire explosion or lightning
  • Earthquake and tsunami
  • Burst pipes and overflowing tanks and the like
  • Accidental glass breakage
  • Malicious damage by third parties (not tenants)
  • Storm
  • Theft by third parties (not tenants)
  • Flood
  • Riot or civil commotion
  • Burning out of household electrical machines
  • Impact
  • Accidental loss or damage (Value Plus only)
  • Legal liability
  • Theft or damage due to theft
  • Deliberate Damage
  • Accidental loss or damage (Value Plus only)
  • Deliberate damage by tenant
  • Theft by tenant
  • Scorching (Value Plus only)
  • Garbage removal (Value Plus only)
  • Absconding tenant
  • Defaulting tenant
  • Prevention of access (Value Plus only)
Additonal optional cover
  • Loss of rent due to an insured peril under Building and Contents (excl. legal liability)
  • Strata title mortgagee protection
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