Coles has an option to add tenant default protection for loss of rent.
You can save 15% on your first year's premium when you buy online.
Cons
It'll cost you extra to pay your premiums monthly or fortnightly. It's free to do this with many other insurers.
If you wish to cancel your policy early then you may have to pay a $40 cancellation fee.
Flood cover is not included as standard, it's an optional extra. Other insurers, like Youi, include flood cover as standard.
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How we picked these
Finder Score for landlord insurance
Finder Score assesses more than 40 home and contents landlord insurance products for their price and features, assigning each product a score out of 10.
Tenant default: Protection for loss of rent if your tenant stops paying or leaves unexpectedly.
Theft and malicious damage: Protection for your property if your tenants or their guests steal or maliciously damage your property.
How to make a claim
Coles has 24/7 claims so you can make a claim whenever you need to. You can do this via phone by calling 1800 031 301, or via the Coles insurance website. You'll need the following information:
Details of the incident like what happened and the time and date
Any photos of the damage
A police report if you have one
Evidence of ownership
Once all information has been submitted, Coles aims to make a decision within 10 working days.
Peta Taylor is a publisher at Finder, working across all of insurance. She's been analysing product disclosure statements and publishing articles for over 2 years. Peta is passionate about demystifying complex insurance products to help users make well educated decisions with confidence. Peta is part of Finder's insurance awards team and works alongside editorial and insights experts to bring users the best insurance products every year.
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The best landlord insurance is the one that you can trust to protect your investment when you're not there.
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