Protect your investment and know that you’re fully covered with our comprehensive property insurance.
Choose from three coverage options, tailor your policy to your needs. Purchase online for a 5% discount for the life of your policy.
Whether you need to safeguard your latest investment property or holiday rental, finding the best property insurance for your investment is made easy with Property Insurance Plus. Here are a few reasons why our investors appreciate our policy options:
Investing in property can be a rewarding experience which is designed to build wealth and stability for your future. As with any investment, there is an element of risk; however, you can reduce this by covering your property with specialised landlord insurance.
Landlord’s insurance, or property insurance, is designed to protect property owners who rent their premises to tenants. Specialised insurance will not only cover the property for damage caused by events like fire or storm; it can also include benefits to protect your property asset and rental income from the tenant and 3rd party-related risks.
In addition, our policy supports the relevant legislation in each state and territory to make sure you are protected accordingly, giving you added peace of mind in the property rental business.
In addition to landlord insurance, Property Insurance Plus also offers building insurance and holiday property insurance to ensure every customer receives the coverage they need.
When considering property insurance, it’s important to conduct a thorough comparison to ensure you’re getting the best coverage for your needs at a competitive rate. Comparing different policies can be time-consuming, but focusing on key elements can simplify the decision-making process. Here are some critical factors to consider:
Property insurance provides financial protection for landlords and property investors against risks to property, such as fire, theft and weather damage. It covers the building itself, any permanent installations, as well as contents inside the property. This insurance helps landlords manage the cost of repairs or replacements, ensuring financial stability in the event of unexpected damage.
Rental property insurance typically covers damage to the building caused by events like fire, storm or vandalism. It also offers liability protection if someone is injured on the property, and may include loss of rental income if the property becomes uninhabitable due to a covered peril. Additional coverage can often be added for specific needs, such as flood damage or emergency repairs.
Insurance for rental property can vary in cost, as it depends on the type of coverage you require for your property and the excess you choose. Investment property insurance also depends on factors such as the property’s value and location. The easiest way to get an idea of how much you could be paying for your property is to obtain a quote from Property Insurance Plus. Simply fill out an online enquiry form or give us a call at 1300 307 072.
To meet the needs of property investors and landlords, Property Insurance Plus offers three coverage options: Landlord Insurance, Building Insurance and Holiday Property Insurance.
Landlord insurance is designed to protect residential property investors, covering financial hardships and various types of tenant defaults, such as departure without notice and court-ordered terminations.
Building insurance covers the physical structure of your property, including damage from natural disasters like earthquakes and storms and other risks such as fire and theft. Holiday property insurance is available for properties rented out on platforms like Airbnb, where it covers rental income loss due to defined events, damages and legal liabilities.
The amount of property insurance coverage you need should match the replacement cost of your property and its contents. This includes the full cost of rebuilding your home or property at current market prices and replacing its contents without depreciation.
If you are unsure of the amount of coverage you need for your property, visit our FAQs page, or contact our team at Property Insurance Plus. Get in touch, and we can accurately assess your property’s value and provide advice about what level of coverage you need.
Common exclusions in insurance for rental properties typically include damage from floods, earthquakes and normal wear and tear. Other frequent exclusions are intentional damage, war or nuclear hazards and damage from pests like termites. Policies might also exclude specific high-value items unless they are individually listed.
Replacement cost coverage reimburses you the amount it would take to replace damaged property with new materials at current prices without considering depreciation. Actual cash value (ACV) coverage, on the other hand, factors in depreciation, paying you what the item was worth at the time of loss, not what it would cost to replace it.
Yes, if you have high-value items and wish to have them insured separately, you will need to individually list them on your policy. Having extra coverage for these items specifically insures these valuable items for their appraised value, providing broader protection against loss or damage.
If you are unable to complete a quote using the above links, or have a question relating to which property insurance product is right for you, please contact us here
Be certain you’re covered in the worst-case scenario with tailored property insurance solutions from Property Insurance Plus. Explore our range of options and get in touch with us today for a quote.
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PIP is a brand name of The Proplab Group Pty Ltd trading as Property Insurance Plus, an Australian Financial Services Licensee (AFSL) authorised to deal in general insurance products.
Policies are issued by Certain Underwriters at Lloyd’s and distributed by The Proplab Group Pty Ltd trading as Property Insurance Plus (ABN 59 009 357 582, AFSL No 236663).
General advice provided on this website does not take into account your objectives, financial situation, or needs. Please read the relevant Product Disclosure Statement, Financial Services Guide, and Target Market Determination available from us to consider whether our product is right for you. Benefits are subject to terms and conditions, including excesses, limits, and exclusions of your policy.
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