In simple term this policy take away your financial stress at the time of incident. As a Land lord you must have a cover for your rental property and every real estate agents suggest you to get this cover. In another word Land lord Insurance is the solution.

But most important Things before you sign up with the insurance provider you must know the cover you are getting. You have to be 100% sure that you are getting the covered for what you want. I am going to put some scenario to help you to choose the right covers:

1) Once the tenant is behind the rent and you served the arrear notice, they make the hole on the wall in anger.

In this case it would go under the ‘malicious intent’ in damaging the wall this should be reported to the police and goes under malicious damage.

2) Another one where owner hasn’t given the permission to the tenant to hang the picture on the wall.

In this case the intention of the tenant is clear not to damage property but to decorate their house so not classified as malicious intent. It would more likely to be ‘Deliberate’ act and as a landlord you should have cover for this as well.

3) Splitting Red wine on the carpet

It would hard to fall on those above category either malicious intent or Deliberate and the cost of repair would be very high as we know. It would more likely to fall on the “accidental” damage category so make sure you got the cover for this category as well.

These are the most common incident we do see every day caused by tenant to your investment. So our intention is to clarify and warn you about those common incident happens every day. All we want is to get you out from financial stress if something happens to your investment property.

Most of the Investors thinks that it will never happen, so we are just trying tell all the investors to act quickly and take the landlord insurance. Don’t wait until something happen Act today never wait for tomorrow as we all know “Tomorrow Never Comes”.

If you need further information on these matter please contact us we will help you the right advice.