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Tenants are carefully screened by the property manager and take up occupancy in your rental property with good intentions. Most tenants turn out to be good tenants and maintain the property in good order and make their rental payments on time.
There are bad tenants who do maliciously damage property and do not pay their rent. However, many tenants fall into the category of “bad tenants” because they have experienced a life changing event such as an illness in the family, a relationship break up, loss of employment or other hardship.
For around five dollars a week tax deductible, landlords can purchase insurance which covers tenants who do not pay their rent and tenants who maliciously damage property.
Landlord protection insuranceprovides peace of mind for the landlord.A landlord protection policy provides insurance cover for:
* Loss of rental income due to tenant defaulting on rent
* Malicious damage, accidental damage and theft by tenants
* Legal Liability
* Contents Insurance
* Tax Audit
If you are yet to organise landlord protection insurance for your rental property or would like a quote to review your existing insurance policy, contact landlord insurance specialist Stephen Blair at Property Insurance Plus on 0450 722 735 or via email email@example.com
A Property Insurance Plus information brochure is also available from your property manager at Professionals Salisbury / Playford office.
Property Insurance Plus specialise in landlord protection insurance and building insurance for professionally managed rental properties.