Landlords Insurance is designed around the risks associated with renting residential property to tenants.

The exact cover depends on whether the policy includes:

• Building.
• Landlord contents.
• Both building and contents.
• Optional tenant-related covers.

What can Building Insurance cover? #

Depending on the policy, the building can be insured against specified events such as:

• Fire.
• Storm.
• Flood where included.
• Escape of liquid.
• Impact.
• Malicious damage.
• Other insured events.

The policy remains subject to exclusions, excesses and limits.

What are landlord contents? #

Landlord contents can include property owned by the landlord for the tenant’s use, such as:

• Furniture.
• Curtains and blinds.
• Carpets.
• Appliances.
• Other landlord-owned contents.

The tenant’s own belongings are not the landlord’s property and generally need to be insured by the tenant.

Can Loss of Rent be covered? #

Yes.

Landlord policies can provide Loss of Rent where an insured event makes the property uninhabitable or inaccessible.

The period and maximum amount vary between policies.

What about tenant-related risks? #

Depending on the insurer and cover selected, protection may be available for certain:

• Malicious damage.
• Theft by tenants.
• Rent default.
• Other specified tenant-related events.

These covers should not be assumed to be automatic.

Is legal liability included? #

Landlord policies can also provide liability cover where the landlord becomes legally liable for certain injury or property damage associated with the rental property.