COVER LANDLORD ASSETS
RENTERS CONTENTS INSURANCE
If you live in a rental property or flat, renters contents insurance is almost a necessity. Not only will it secure the value of your possessions, it will insure you against any claims for damage brought against you by your landlord. Sometimes, the insurer will initiate action against you as the cause of damage to recoup their lost funds, bringing about a potentially costly financial situation. Having renters insurance can protect you against both the initial damage caused and any action brought against you by the homeowner’s insurers. Renters insurance is generally inexpensive and offers great value, so we urge you not to hesitate. Hood Insurance Brokers can get you the best deals available right now.
TEMPORARY ACCOMMODATION EXPENSES
If your house is rendered uninhabitable, this benefit will pay for your temporary accommodation expenses until repairs have been completed or your claim has been paid. Sometimes, this will also include kennel or cattery fees for your household animals.
PROTECT YOUR VALUABLE ASSET
It’s a hard road finding the perfect tenant, and while you may have done all the proper checks before you hand over the keys, sometimes you just end up with a bad egg. For example, if you end up renting your property to a methamphetamine user or manufacturer, Hood Insurance Landlord policies may be able to cover the cost of clearing up toxic contamination and the replacement cost of any fixtures and fittings that are found to be unsalvageable.
Being a landlord sometimes means having to deal with a tenant who falls behind on payments. While people are generally honest, and most tenants are able to catch up, occasionally you may end up in a situation where your tenant skips out without paying. There may also be times when your best course of action is to evict an unruly tenant and take the hit on rent arrears before things get further out of hand.
If you have up-to-date Landlord Insurance, you may be able to claim against rent arrears and additional costs accrued by an unexpected change of tenancy – this may also include a claim for the loss of projected earnings against your rental property.
If you are a landlord, it is also important that you protect yourself financially when you are undertaking work on properties you own that are currently tenanted. For example, if you were to undertake a repair that resulted in damage to property belonging to your tenants, your policy may be able to pay out to cover all costs of repair or replacement. Landlord Insurance ensures peace of mind while you build your property portfolio – for you and for your tenants – it pays to prepare for the unexpected.
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WHY CHOOSE SPRATT?
of Experience in NZ Financial Services
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