Working from home (WFH) is a type of flexible working arrangement that allows an employee to work from a remote location outside of corporate offices. Before COVID-19, just 13 per cent of people aged over 18 with a job reported WFH all or most days. Since the pandemic, however, this trend has shifted significantly. According…
Amidst the cost-of-living crisis, some property investors may be asking themselves: “Is landlord insurance a luxury and an expense I should forgo?” SPOILER ALERT: The answer is “no”! The cost of living keeps rising and wages are barely keeping pace with inflation – wage growth was 4.2 per cent over 2023 while the CPI was…
If the dreaded black spores are invading your rental property, you want to deal with them quickly. But just who is responsible for removing mould? It starts as one little spore, then two… and, before you know it, there is a horrible black fungus spreading, well, like mushrooms. Like all fungi, mould grows best in…
It is a common misconception that insurance covers absolutely everything. Landlords may think they will be reimbursed by an insurer for any kind of rental loss or damage. But, this is not the case. Why? Because the overload in risk would make insurance unaffordable. Insurers need to strike a balance between providing cover for the…
A tenant refusing to leave the rental is one of those nightmare scenarios no landlord or agent wants to have to deal with. But it’s one you might have to. So if your tenant isn’t budging, what’s next? Not paying and not leaving… It’s all well and good to have legitimate grounds to request your…
$20 million… $30 million… No, it isn’t the lotto jackpot. It’s the amount of ‘legal liability’ cover likely to be included in a landlord insurance policy. The sums represent lots of zeros, but just what is liability cover and why do landlords need a cover with seven figures? Landlord insurance policies cover a lot of…
When it comes to tenant damage in landlord insurance policies, insurers generally consider there to be three types – accidental, malicious and deliberate/intentional. These types are based on the intention – or cause – behind the damage. Why does this matter to you? Because not all insurers cover all three types of tenant damage. In…
If you discover that your tenants have been cooking more than dinner in your rental property, it’s going to take more than a going over with some ‘spray and wipe’ to clean the premises. But is meth contamination covered by landlord insurance? Finding out that your investment property has been used as a drug lab…
There are plenty of misconceptions floating about concerning landlord insurance. Here are five common ones doing the rounds. Read on to sort the fact from fiction. Ever wondered where some of the ‘facts’ about landlord insurance have come from? So do we! Sometimes we are left scratching our heads about some of the misconceptions we…
What is the difference between ‘wear and tear’ and ‘damage’? It’s a conundrum faced by many landlords, agents, and tenants, but why is it so confusing? Well, it is because there’s a very fine line between the different types of damage. Let us break it down for you… What is wear and tear? Normal wear…