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In this article, we’re exploring landlord insurance in New South Wales, including what it means, the benefits of having landlord insurance, and how to find a landlord insurance policy that suits you.
Landlord insurance is a type of insurance available to you if you’re the landlord of a property1. It protects you in cases such as your tenant damaging the property, or in some circumstances if they leave without paying the rent.
Landlord insurance and building insurance are two different types of insurance.
If you’re renting out your property in New South Wales, taking out landlord insurance can give you peace of mind that you’re protected should your property become damaged, or you incur financial losses from your tenants.
Without landlord insurance, you could face significant out-of-pocket expenses, not to mention the stress of having to repair your property if it becomes damaged. Similarly, if your tenants take off without warning, you could be left with the cost and inconvenience of unpaid rent.
There are many different insurers offering landlord insurance in New South Wales. Policy inclusions will vary between these different providers, as well as the individual policies they offer.
Here are just some of the areas that may be covered by a landlord insurance policy:
Before deciding on a policy be sure to read the product disclosure statement for information about coverage and limitations.
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