About IMS Landlord Insurance.
Why Landlords Insurance?
Creating wealth through property can be a rewarding journey. Landlord insurance is an important part of the process and is crucial in safeguarding your investment and income against any unforeseen accidents or events.
Just as you take the time to find home, health or vehicle insurance that’s right for you, or a property manager whom you trust your investment with, it’s important to find the best landlord insurance for you.
IMS Landlord Insurance provides comprehensive cover that is clear, simple and practical.
Get peace of mind knowing your income and asset is covered. Protect your property from investment risk with IMS Landlord Insurance; built by landlords, for landlords.
One Claim, One Excess
An excess is a contribution you’re required to pay towards a claim you make on your policy. Some insurers and policies charge you an excess for every individual item listed within a claim, making it a very costly exercise. At IMS, we believe it’s fair to only charge one excess of $250 per claim, regardless of how many items are within that claim. It’s designed to offer you maximum protection at the lowest cost in the event of a claim.
What we cover.
Section One
| Building Insurance | Up to sum insured |
| Theft By Tenant | 10% of building sum insured |
| Rebuilding Fees | 10% of building sum insured |
| Solar Panels | Up to $2,000 |
| Rainwater Tank | Up to $1,500 |
| Mortgage Discharge Cost | Up to $5,000 |
| Mortgage Discharge Cost | Up to sum insured |
Section Two
| Contents | Up to $60,000 |
| Malicious Acts By Tenant | Up to $60,000 |
| Theft By Tenant | Up to $60,000 |
| Locks And Keys | Up to $1,000 |
Section Three
| Loss Of Rent | Up to 52 weeks (Max $1,000 Per Week) |
| Rental Default | Up to 18 weeks (Max $1,000 Per Week) |
| Tenant Refuse To Vacate | Up to 52 weeks (Max $1,000 Per Week) |
| Tax Audit Fees | $500 |
| Legal Expenses | $7,500 |
Section Four
| Public / Legal Liability | $20,000,000 |
| Excess | $250 each and every claim |
| $5,000 cyclone damage |
You’re covered with IMS.
Accidental Damage and Defined Event
Insurance policies often don’t cover both of these – but as a landlord, you need them. Accidental Damage (or Loss) covers any unintended damages or loss to property that results in financial loss to you (unless excluded in the policy). ‘Defined Events’ only covers you for fire and perils. Your IMS Landlord Insurance covers you for both.
Building Cover
Loss of Rent
Rental Default
Landlord Content Cover
Public/Legal Liability
Landlord’s Legal Expenses
Your IMS Landlord Insurance also covers the reasonable legal expenses you may incur as a landlord, to help minimise any loss of rental income.
Duty Of Disclosure.
know, to be relevant to the insurer's decision as to whether to provide insurance cover and,
if so, on what terms, before you enter into or renew an insurance policy. You have the same
duty to disclose those matters to the insurer before you renew, extend or reinstate a
contract of general insurance.
Contact Us.
By Post
Suite 306 / 7 Jeffcott Street
West Melbourne 3003
Victoria, Australia
ABN
87 628 525 780 | AFSL 238270
Please note this information is provided as general advice only and does not consider your individual objectives, financial situation or needs. To decide if the product is right for you, please read the policy documentation including the Landlords Insurance Product Disclosure Statement (PDS) and Policy Wording which is available from your property managing agent or our office.