What's the difference between tenant default and loss of rent?
Generally speaking, tenant default covers your net income in case your tenant is unable to pay their rent. It's a benefit often offered as an option when you're buying a policy.
Loss of rent is usually a benefit included in your landlord insurance policy and covers the loss of income if your property needs repairs or rebuilding, and therefore, cannot be occupied for some time.
Would you have any insurance companies to recommend that covers a building that is Class 1b – Boarding House (Rooming House)?
Hi Peter,
Boarding houses are a common exclusion of landlord insurance. You may want to speak with an insurance broker to see if they can help you find specialist cover that meets your needs.
Regards,
James
Hi,
We are needing landlord building insurance for a private residence rental property which has a secondhand bookshop attached.
Can you suggest where to try?
Hi Julie,
You can go ahead and compare a number of landlord insurance brands on this page. Use the table above to compare your options.
By selecting the “Get quote” button, you’ll be taken to the insurer’s website where you can find a policy that’s matched your needs.
I hope this helps.
Regards,
James
Hi ,
My tenant has left the appartmentwithout notice and has left all their personal items and furniture in the unit and in all rooms as well as muliple bags of waste and rubbish ! The unit is littrered with rubbish in every room ! Will landlord insurance cover the rubbish and furniture removal and disposal ?
Hi Lawrence,
I’m really sorry to hear that. There are landlord insurance policies that will pay out some costs relating to short-term storage and the legal disposal of discarded items. If you have an existing cover, review your policy document to check it’s coverage and exclusions. You could also reach out to your provider directly for guidance.
I hope this helps.
Regards,
James
I need help to find insurance for my Airbnb apartment which will cover me for public liability. The apartment is part of a body corporate which covers communal areas.
Many thanks
Hi Elizabeth,
By agreeing to list your property on Airbnb, as a host, you agree to be covered under Host Protection Insurance for occurrences during Airbnb stays. Host Protection Insurance may cover your legal responsibility to a guest or third party that gets hurt or has their property damaged due to an incident related to an Airbnb stay.
You can view our guide on short term rental and Airbnb insurance as a reference.
For additional cover, you can request to speak to a broker about public liability insurance. The broker will be able to give you personalised advice as well as options based on your situation.
Don’t forget to read the policy’s Product Disclosure Statement (PDS) so that you’re aware of what you’re covered for, along with any exclusions or restrictions before applying.
I hope this helps!
Regards,
James
What are the Premiums for Landlords Insurance.
3 br BV 12 Squares
Location – Burleigh Waters
For – $300.000
$350,000
$400,000
Hi there,
Thanks for your inquiry.
The premiums you pay towards your policy can vary. Generally, how much you pay for cover would depend on factors such as type of property you own, where it is located, the value of your building and contents, the site itself, etc. It would be best to get in touch with any of the brands featured above to discuss the cost. You can click on the ‘Go to site’ button if you like to get to the brand’s main page.
Cheers,
May