RESIDENTIAL RENTAL PROVIDERS INSURANCE
Protecting your asset
It pays to have the right level of residential rental providers insurance.
Every residential Rental Provider wants a secure investment and reliable tenants. But not everything goes to plan. And, some events can't be controlled. What can be controlled is whether you are protected by insurance.
This specific type of insurance protects against a number of risks that are unique to rental properties and are not normally included in home and contents insurance or a strata title policy. Landlord insurance shields owners from tenant-related issues that may cause financial damages. Even if you feel you have a good and trustworthy tenant, this relationship may sour if a tenant’s circumstances change. This can result in rent owing or the property not being looked after to the same standard it was before.
Next Level strongly encourages all landlords to safeguard themselves by taking out landlord insurance. It will protect from loss of rental income in a range of scenarios, including a tenant defaulting on rental payments, a tenant vacating without providing the required amount of notice or if the property is untenantable due to damage.
Frequently asked questions
What is it?
Residential Rental Providers Insurance is a type of policy that’s just for owners of investment properties. It offers protection for renter-related losses.
Why should I get it?
This is speciality insurance that protects against risks that are unique to investment properties and are not typically covered by other types of insurance.
How much is it?
The cost of insurance depends on a variety of factors and will vary from property to property. Please request a quote from your chosen provider.
Where can I get it from?
While residential rental providers are free to select an insurance provider of their choice, Next Level are often asked for suggestions. We recommend trusted insurance providers EBM, Terri Scheer, Property Insurance Plus and Aon.