Many landlords will need to make claims on their landlord insurance, due to this summer’s devastating bushfire season.
Here is a quick guide on what to do, to submit a successful insurance claim after a natural disaster:
· Arrange emergency repairs
· Board up windows, doors and cover damaged roofs
with tarps
· Essential repairs may include fixing services
such as gas, electricity, water, sewerage & wastewater treatment
· If tenants arrange any repairs, make sure to get
the tax invoices and receipts to include in the claim (be sure to reimburse
your tenants)
· Note that most insurance providers will not
cover the cost of repairs made by the tenants themselves
· Contact your insurer straight away and follow
their advice before authorising any repairs or clean-up ( some insurers need to
authorise any emergency repairs before they are undertaken)
· Collect evidence of the loss and damage in case
it is swept away in the clean up
· Take videos or photos of the damage
· Remove any items that are a health and safety
hazard (wet carpets etc)
· Store damage/destroyed items somewhere safe to
show the insurance assessor
· Make an inventory of the damaged items and
include details of the brand, model, & serial number
· Organise written quotes for the repairs and ask
the repairer to include a description of the cause of the damage and the extent
· Check with your insurance provider as to how
many quotes they require
· Keep all your receipts for services and
materials that support a damage claim or any materials purchased
Need a property or renovation loan?
Contact us @ propertyloans@realrenta.com
Marlene Liontis
Sunday, 16 February 2020
