Congratulations! Purchasing an investment property is a momentous decision.
Whether it is your first or an addition to your growing property portfolio, as with any investment, it is always important to protect the asset and the income in any way possible.
It is important that as an investor, you understand the possible risks of owning an investment property. There is no crystal ball to predict a tenant’s future, despite you or your Property Manager's most detailed screening. Events may occur which can cause you financial stress. Luckily many of these possible events can be protected by a quality Landlord insurance policy.
Our team are in the enviable position of having many years experience in both Property Management and Landlord Insurance. To ensure the best CoverWise product, we have researched claims statistics and have created a quality policy with the Landlord’s best interests in mind.
Costello Webster & Co believe in transparency, that is why we are so confident of our CoverWise policy, we encourage you to compare us with others in the market.
These are the key points to look for in any Landlord policy, as well as the CoverWise sum insured for comparison:
- Absconding tenants up to $18,000
- Hardship up to $18,000
- Pet damage up to $70,000
- New for Old up to 20 years – incl. floating floors
- Periodic tenancy
- Illegal drug lab clean up
- Replacement of locks
- Contents in the Open Air
- Removal of goods and storage
- Floating floors up to full sum insured of $70,000
- Malicious, Deliberate and Accidental Damage up to $70,000
Some of the terminology may not make sense, so we encourage you to call us on - 1800 875 375 - to answer any questions you may have.
Owning an investment property may well be securing your future. We encourage you to protect this valuable asset with the policy it deserves.
Remember at tax time – your premium is a tax deduction.