As a landlord you are exposed to certain risks that must be covered by insurance to protect your investment. One of the important benefits of tenant accidental damage insurance is protection from financial losses caused by damage to the rental property by tenants or their guests.
Landlord insurance provides cover for accidental damage, malicious damage, and theft of your property.
In insuring a property that you rent out permanently to tenants it is best to get a comprehensive landlord insurance that provides protection from all types of tenant related risks or unforeseen events. You can insure your property together with the income you receive from your tenants.
There is nothing more reassuring than to know that whether your property gets damaged by tenants, whether the building is totally destroyed by fire, damaged by flood or malicious acts by third parties, you are covered. Only in this manner can you have peace of mind that your hard-earned investment is secure and that your future is as you planned it.
There are many landlord insurance products in the market. Make sure to insure only with trusted Australian insurance providers who understand your needs and provide comprehensive cover for almost every risk.
We aim to provide you with the most affordable landlord insurance solutions that guarantee your protection and financial security. Learn more by requesting online quotes for landlord insurance comparison today.
What does tenant accidental damage insurance cover?
Accidental damage by tenants can be common even if you carefully choose the occupants of your property. Even good tenants can cause accidental damage due to non-deliberate acts such as broken window glass from kids’ playing, or beverages spilled on a sofa or carpet. They are different from the natural wear and tear of the building that is expected from any property that is lived in.
It is naturally expected that a landlord does all that is possible to prevent accidental damage through routine property inspections and establishment of property use restrictions. Accidental tenant damage insurance will certainly minimize your financial risks when it comes to replacing or fixing damaged property.
There are many benefits obtained from landlord insurance. To be sure that your property investment is well protected from different types of damage, review your current insurance cover. It may be necessary to change your landlord insurance cover or obtain a more comprehensive type of cover.
Get comprehensive landlord insurance with tenant accidental damage insurance from the most reliable Australian insurers here.