Why Do I Need Landlord Insurance
By DFJ Real Estate

Property owners sometimes ask us why they need Landlord Protection Insurance when they have a skilled and professional property manager overseeing their investment, which is a valid question worth exploring.

As a managing agent, our property owners can be confident that we are diligent and focused on providing a comprehensive tenant selection process to minimise rent arrears while also conducting regular inspections to stay well-informed on the condition of the property to reduce the likelihood of damage.

Nevertheless, it is important to acknowledge that unforeseen circumstances can arise during a tenancy, which can be out of our control.

The loss of a tenant's job, breakdown of a partner relationship, change in tenants, or illness can all lead to situations where tenants may no longer be able to meet their rental payments or result in them acting in ways that are outside of their normal character, leading to unexpected damage or issues relating to gaining possession of the property. These occurrences can transpire at any given time, even after years of a trouble-free tenancy.

To protect your asset and financial interests while enjoying complete peace of mind, we strongly recommend investing in Landlord Protection Insurance, which is fully tax-deductible and often costs less than one week's rent.
Landlord Protection Insurance will cover owners for the unexpected, such as accidental or malicious property damage, failure to receive possession of the property, rental loss, and damage by pets, to name a few