Landlord Insurance: Property Fire
In light of my recent and first ever fire in one of my properties it has reminded me of what I preach to my clients on a daily basis about the importance of property and landlord insurance and to ensure that the quality of their cover and the amount of their insurance provides adequate cover.
I have been doing some research on this topic since then and find that very few articles go beyond just mentioning ‘landlord insurance.’ Very few articles explain in depth, the need and reasons for landlord insurance, nor do they talk about what the consequences are for a landlord who is not covered.
When you sign a contract to purchase an investment property, you should take out building and contents insurance on the property, as does a home owner (vendor). This covers the time between signing the contract (which is the purchase date) and the handover date of the property (settlement). This is the minimum insurance that should be taken out at that time.
To read my in depth article on Landlord Insurance, just follow the link below.
READ THE FULL ARTICLE HERE
Paul Wilson is an Independent Property Investing Expert and the founder of We Find Houses, Educating Property Investors & We Find Finance. Paul provides valuable, independent guidance and support by teaching strategies on how you can invest successfully while protecting yourself from commission hungry sales agents and property spruikers.
Protect yourself with knowledge, contact Paul today for a complimentary consultation
on 1800 600 890 or email firstname.lastname@example.org
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