Claims on landlord insurance has leapt by 42% in the last year, according to a specialist insurance company.
Carolyn Majda, a manager at Terri Scheer Insurance, said claims handled by the company had rocketed in the last year, and that the average total claim value had increased by 20%. She urged landlords, particularly those with fully- or partly-furnished properties, to ensure they are adequately covered.
Items typically claimed for on landlord insurance include fridges, washing machines, dishwashers, beds and mattresses, plasma televisions and framed pictures. Some more unusual items also include split-system airconditioners, lawnmowers, taps, door handles and even a kitchen sink.
Do you have more than $200k in your super fund? You could use your super to buy property - Find out how
Top Suburbs :
east victoria park
Get help financing your investment
Do you need help finding the right loan for your investment?
When investing in property, it is important to make sure that you not only have the lowest available rate that you can get, but also have the correct loan features for your needs.
Just fill in a few details below and we'll then arrange for a local expert Aussie Mortgage Broker to contact you and work out what features or types of loans are right for your needs. We'll even help with the paperwork. Plus, our mortgage broking service is at no cost to you.
We value your privacy and treat all your information seriously - you can check out