Landlord Insurance
Protect your investment property with comprehensive coverage tailored to your needs.
Why Landlords Insurance
Protecting Your Investment
As individuals we insure every aspect of our lives; from car and home insurance, to health and life insurance. At IMS Insurance, we understand the importance of having that safety net for investment property owners for when unexpected things happen.
Without landlords insurance, investment property owners may face significant financial stress related to tenant theft, tenant damage whether accidental or malicious, or rental default from tenants who stop paying rent. So why not insure your rental property for that peace of mind that you will minimise financial losses when those unexpected things happen?
There are many different landlord policies available in the market, which can sometimes be confusing. IMS have designed a comprehensive landlord insurance cover that protects you.
Things To Look For
When considering an appropriate landlord insurance, you may need to consider your risks as a landlord to ensure that you have the right cover for your property. Our policy covers:
Coverage Details
| Category | Item | Coverage |
|---|---|---|
| Building | Building Insurance | Up to sum insured |
| Building | Theft By Tenant | 10% of building sum insured |
| Building | Rebuilding Fees | 10% of building sum insured |
| Building | Solar Panels | Up to $2,000 |
| Building | Rainwater Tank | Up to $1,500 |
| Building | Mortgage Discharge Cost | Up to $5,000 |
| Damages | Contents | Up to $70,000 |
| Damages | Malicious Acts By Tenant | Up to $70,000 |
| Damages | Theft By Tenant | Up to $70,000 |
| Damages | Locks And Keys | Up to $1,000 |
| Rent | Loss Of Rent | Up to 52 Weeks (Max $1,000 per week) |
| Rent | Rental Default | Up to 20 Weeks (Max $17,000) |
| Rent | Tenant Refuse To Vacate | Up to 20 Weeks (Max $17,000) |
| Rent | Tax Audit Fees | $500 |
| Rent | Legal Expenses | $5,000 |
| Liability | Public / Legal Liability | $20,000,000 |
| Additional | Additional Cover | $5,000 cyclone damage |
| Additional | Excess | $375 |