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…
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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…
Getting into a tizz about who is responsible for what at a rental property is a headache no one needs – and one many landlords and tenants experience. Misunderstandings about responsibilities for tasks around the property – from gardening to appliance repairs – are commonplace. If you’re wondering why a landlord insurance provider is talking…
It probably won’t come as a great revelation, but insurance can be complex. Like other financial products and legal contracts, there can be a lot to wrap your head around. This complexity can result in some misunderstandings. When it comes to protecting your investment property, you don’t want to have any misconceptions derailing your decisions….