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.
Whether you are looking to buy your first home, move home, refinance, or invest in property, a mortgage broker can help. Access loans from all the major lenders, get help with paperwork – plus there is no charge for this service. Get help from a local mortgage broker
Top Suburbs :
Get help with your investment property
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 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 and appointment is free.
We value your privacy and treat all your information seriously - you can check out