Landlord's Protection Insurance
As an investor you expect your investment to be profitable. Your fire and general insurance should protect your investment in case of a fire or natural disaster, but how can you safeguard your profits from unexpected tenancy costs?
While our Property Management team applies strict criteria when selecting tenants, one type of insurance well worth considering is Landlord's Protection Insurance.
Landlord's Protection Insurance offers financial protection against the wrongful actions of tenants and can cover you for:
- vandalism or intentional damage to your property
- rent while the property is repaired if it is unlivable as a result of damage
- the amount of rent owing if you legally evict a tenant
- loss of rental income from default or abandonment
- any loss of rent you incur between tenancies, whether or not the first tenancy was troublesome.
Landlord's Protection Insurance can cost as little as a week's rent per year.
