Australians continue to invest in property as a proven path to long-term financial security and the summer months bring increased rental relocation activity, particularly in the early months of the new year. However, many landlords and property investors neglect to protect their valuable asset by taking out appropriate insurance cover.
We’re all emotionally attached to the family home so making the decision to rent it out can be fraught with difficulty for some.
You might not be aware but if you’re planning on leasing a property and sharing it with friends, don’t expect your insurance company to be all that thrilled
Not all tenants are bad, but you do need to make sure you are covered should something go wrong.
While most tenants take good care of the proper they are leasing, those that don’t may intentionally cause extensive damage. Intentional damage is not covered by many standard home insurance policies nor is the failure to pay rent.
By CLANCY YEATES and GARETH HUTCHENS INSURANCE companies have caved in to government pressure over their tough stance towards flood victims, agreeing to establish a standard definition of flooding and remove confusing jargon from policies. Facing a backlash after many… Read More ›
As the industry comes to terms with astronomical challenges presented by Australia’s floods disaster, minds will inevitably turn to how the industry, authorities and the public could have been better prepared.
