Landlord insurance is designed specifically for property owners who rent out their properties. This insurance provides protection for landlords against a number of potential risks, such as damage to the property caused by tenants, natural disasters, liability claims, and loss of rental income. Landlord insurance helps to mitigate the financial risks associated for being a landlord. Without this insurance, landlords could be liable for expensive repairs or legal costs that could have a significant impact on their finances. With landlord insurance in place, property owners can enjoy peace of mind knowing that their investment is protected. Having a residential investment property can be stressful, at Star we can help walk you through the coverage you need. Some covers can include:
Property Damage including damage caused by fire, flood and other perils
Malicious Damage by Tenant
Optional Contents cover
Liability cover up to $20 million
Loss of rent cover & rent default or theft by a tenant