Many insurers have stopped selling landlord
The ones that still are may have stopped
offering loss of rent/tenant default cover options.
If you already have a cover with these
options, be aware that the temporary freeze on rental evictions announced by
the government, may impact your ability to claim.
If you have rental default insurance, you
should be able to claim, if your tenant leaves your property without giving the
If you do have rent default cover and your
tenant can’t pay because they have lost their job, contact your insurer as soon
as you can to see if your policy can assist.
Some insurers are waiving the requirement
to serve an eviction notice before benefits can be claimed.
See our other related articles:
to deal with a drop in rental revenue: https://www.realrenta.com.au/blog/post/755
hold on eviction for renters: https://www.realrenta.com.au/blog/post/751
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you need assistance with varying rental payments on your rental ledger.
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Thursday, 23 April 2020