What are the advantages of having landlord insurance?
Property is one of the most important investments you may have. It is therefore important that you do everything you can to safeguard it. And one of the ways to protect your rental property is through landlord insurance.
Landlord insurance is a policy that protects the property owner from financial losses associated with your rental property. The coverage of the policy is the building, but you have an option to include your belongings inside the property. Any belongings owned by the tenant are not covered by the policy.
This is a very good way to protect your property as well as your belongings within the property. Landlord insurance will cover accidental damages in your property and damages to the construction caused by your tenants. One of the many advantages of having landlord insurance is getting compensation for any structural and physical damages on your property. Not all tenants are careful with whatever belongings provided to them by the landlord and most of the time, these things becomes damaged; landlord insurance will be able to help you restore whatever damages caused by your tenant.
Let your property management Perth company know that you want to avail of landlord insurance for your rental property. And if you want to know more about the benefits of landlord insurance, contact any of our Rental Management Australia personnel now.
This post is general information only and should not be relied upon as advice. Consult with your property manager and a landlord insurance company.
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