Property Insurance
6. Landlords & Renters
Authors: Staff Legal Eagle
Firm / Chambers:
Last updated: 10 Sep 2015
- Renters can take out contents insurance policy to protect their possessions.
- This is called a renters content insurance policy.
- Many insurance companies offer a cheaper option to a renter that protects them from damage or loss caused by fire or theft only.
- If renters wish to be covered for more situations they can opt into these and pay a higher premium for the cover.
- Landlords usually take out home insurance to protect their property against damage caused by fire, theft, flood or natural disaster.
- Landlords also have an option to take out contents insurance for their property to cover loss or damage to fixtures and fittings that are not covered by their home insurance or owner’s corporation insurance (for community or strata title).
- Fixtures and fittings might be curtains, kitchen benches, ovens, doors and other items that are included in the rental of the house.
- This is called landlord contents insurance.
- Many insurance companies also offer tenant protection to landlords. This protects against unpaid rent, theft or intentional damage by tenants or their guests.
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