What is landlord insurance?
What exactly is included in landlord insurance? The purpose of landlord insurance is to reimburse you for the money spent on necessary replacement or repairs in the event that a predetermined event causes damage to the residential investment property you own. It is also possible for it to cover any things that you offer for the usage of your tenant that could leave you out of pocket.
The IPS Group offers a full spectrum of financial services for individuals, small to medium businesses, and large corporations.
What We Do
From business insurance protection to complex wealth-creation strategies to smarter financial management.
Pillars of Success
A unique drive and dedication to provide financial services in action, whether you require Insuring or Financial Planning.
We Specialise in Protecting You
We know how to keep you safe. We will look at your situation and then give you advice on the best insurance options for you and your family, as well as for your building and its contents. Whether you're adding to your portfolio or buying your first home, we'll first figure out what your exact needs are. Then, we'll find the best solution by finding the right insurance coverage and give you professional advice to make sure you have all the protection you need.
Rental costs after an insured event
Covers the equivalent of a week's rent if your tenants can't live in your investment property for at least seven days because of damage caused by an insured event. The insurer pays for your lost rent on the insured property for as long as it takes to fix up your building or as long as you can't get into it, whichever is shorter, up to a maximum of 12 months.
If an insured event damages or destroys your insured property and we agree to pay your claim, the insurer will help pay for the costs of: tearing down your building and getting rid of the debris, Professional fees for architects, engineers, surveyors, and lawyers, as well as the cost of meeting any legal requirements.
Legal liability cover
Legal liability coverage protects you financially in the event that you are found liable to pay compensation for the death, injury, or sickness of another person, as well as damage to their property, that was caused by an accident that took place on one of your investment properties (or series of accidents).
Replacement of Locks
You can claim to replace your locks or cylinders if your keys for any exterior door or window are stolen or there are reasonable grounds to think the key has been duplicated.
Legal liability cover
Covers you financially if you’re liable as owner of the contents to pay compensation for death, injuries and illnesses to other people and/or damage to their property that occurred at your investment property caused by an accident.
Removal of debris
If your belongings were destroyed as a result of an insured occurrence and a claim is payable, the insurer will reimburse the reasonable expenses of removing the debris created by the destruction of your belongings from your investment property. This debris includes any shattered glass, splintered wood, and other materials that were left behind.
Call us today to assess Landlord Insurance options
If you choose us as your insurance brokers, we'll put our years of experience, in-depth knowledge of the industry, and helpful service to work for you to make sure your home, investment property, or portfolio is well protected in case something unexpected happens. No matter what criteria you give, we will research the market to find the homeowner's insurance policy and personal property coverage that fits your needs.