Landlord insurance tougher to find in decimated industry
Finding quality landlord insurance coverage is harder than ever but in this decimated market there are still helpful measures to take to protect your investment property income.
"The minute you enter into a contract of sale, you have an insurable interest in the property and cover should be taken out straight away" - EBM RentCover managing director Sharon Fox-Slater
When Covid was responsible for a deluge of rent-related insurance claims, 78 per cent of Australian insurers responded by withdrawing from selling landlord insurance policies altogether.
The claims, coupled with state and territory governments announcing nationwide rental relief via an eviction moratorium, changed the landlord insurance landscape, possibly forever.
It has also made the task of securing insurance for investment property tenancy …
