It is not uncommon for residential rental properties to have damage from wear and tear and from exposure to storms and other natural events. Any home that is lived in would naturally have some fair wear and tear with the passage of time. However, a property manager or landlord would be more concerned with damage that is caused deliberately and maliciously.
From an insurance standpoint, malicious damage is inflicted on the property by tenants out of spite or vindictiveness. In these instances, a landlord would file a police report. Examples of malicious damage include graffiti, damaged doors or windows, destroyed paint and more. A landlord will definitely shell out a large sum of money to have damage such as this repaired or replaced. Fortunately, you can be protected with malicious damage insurance so that you can fix up your property in no time.
You can get malicious damage insurance to repair damage caused by your tenants and their children from top-rated insurers in Australia. By taking this necessary step you are ensuring that your investment property remains lucrative for you and your family.
How to get Malicious Damage Insurance
Malicious damage cover can be part of a comprehensive landlord insurance policy that will protect you from any and all risks, including tenant-related risks. Your property insurance may already cover you for events like flood and fire but you can get more protection with benefits covering malicious damage, loss of rent, tenant theft and more.
Whether you self-manage your property or employ a property manager, a comprehensive landlord insurance acts as your safeguard against unforeseen events.
The first step to obtaining best protection for your property investment is to learn about the most innovative insurance solutions for landlords. You can obtain landlord insurance quotes and compare features and costs. If you understand what the market has to offer, you can take advantage of the best insurance products that work to your benefit.
Investing in a landlord insurance policy today can save you a lot of money and headaches in the near future. You take care of your property as well as you can, but we can do the rest.
Discover for yourself how affordable peace of mind can be with the best landlord insurance in Australia.
Let us at Landlord Insurance HQ help you find the most affordable landlord insurance solution within your budget making sure you have Malicious Damage Cover. Call our team on 1300 815 344 or request a quote online.