Landlord Insurance

FLOODS, STORMS, RENTAL CRISIS:

THESE ARE THE HEADLINES WE ARE SEEING CONSISTENTLY EVERYWHERE OF LATE.

All experts across every space have predicted these challenges will be with us for the next 6 months and beyond. Of most concern is that unprecedented rain and floods are predicted to continue for the foreseeable future.

WHAT DOES THIS MEAN FOR PROPERTY OWNERS, LANDLORDS, AND PROPERTY MANAGERS?

Due to the continuing devastationfrom storms and floods, insurers arepaying a record number of claims,and suffering a huge backlogon claims.

Moving forward

1. Insurers have already advisedthey will be increasing rates andpremiums.

This is not a possibility – it isa given with insurers acting onthis in the coming months

2. Huge delays on insurance claimsettlements – this is alreadyhappening now

Aside from the above, the currentnational rental crisis has led anincrease in rent for all tenants.

This again will lead to a furtherincrease in premiums by insurers.

REDUCTION ON COVER FOR FLOOD ACROSS THE INSURANCE MARKET

Most insurers are already reducingcover on their policies. Floodcover is a major target which mostinsurers are already excluding, orredefining so as to avoid claims.Please ensure you read the fineprint on all policies.

The resounding message here is –Are your clients assets adequatelyprotected when it comes toLandlord and Property Insurance?

"The good news for investors who have their property assets managed by the Century 21 network is that we have got you covered!

"Your Century 21 Property Manager can provide you with an insurance policy that sees your property protected and covered for floods through Cover Guard Insurance. And at a best competitive price."

• Flood cover is included asstandard on all our policies

• Loss of rent is covered up to$2,000 per week and up to 24months (standard)

• No delays on claim settlements

Please do not hesitate to contactus and at the very least havean alternate option from yourLandlords Insurance Solutions athand for when you need this.

We are here to assist you. We makeinsurance easy, and will add value toyour Landlord program.

Contact us today if you have anyqueries or if you would like a quote.