Illustrative example
A tenant leaves owing rent and causes deliberate damage. The policy may contribute to covered losses after applicable limits, waiting periods and excesses.
Investment-property exposures
Landlord insurance
An investment property can face building damage, lost rent and tenant-related loss.
Landlord insurance may cover selected building, landlord contents, liability, rent loss, malicious damage, theft or tenant-default events. Residential, commercial, short-stay and strata properties require different policy structures and should not be treated as interchangeable.
Preparing the review
What information usually matters?
- Property address, construction, age, occupancy and tenancy type.
- Building and landlord-contents replacement values.
- Weekly rent, lease terms, bond, agent and vacancy arrangements.
- Strata ownership, lot improvements and the boundary with scheme insurance.
- Claims history, flood or catastrophe exposure and tenant controls.
Important boundaries
Tenant default, pet damage, wear, unoccupancy and short-stay use can be excluded or restricted. Strata insurance does not automatically cover a lot owner's contents or landlord risks.