Landlord Insurance

CRM Brokers provides cover for Investment Properties nationally, as well as for Holiday Homes. Not only can our Insurance packages protect your property and contents against damage or loss, it can also cover rent default and the legal costs associated with pursuing tenants, as well as the loss of rent if the property is un-tenantable due to damage.

 

We offer Landlords Insurance (which includes Holiday Homes & Units) at a fixed rate* with some of the lowest excesses in the market. We can also offer you Mortgagee Protection Cover under our Landlords & Building Insurance, plus your choice of Excess to help manage your premium.

 

To find out more, click on the links below.

Landlords Insurance

We provide a specialised package cover for full-time tenant-related risks where the building is insured elsewhere. It covers:

  • Contents and fixtures & fittings
  • Legal Liability including claims made by a tenant against you
  • Rent loss due to the property being un-tenantable due to an event insured in your policy
  • Deliberate damage by a tenant or their guests
  • Default of rent by tenants
  • Theft by tenants
  • Legal expenses of pursuing tenants through the
    tribunal system, including eviction.

Price varies per state. NSW from $285.

Landlords & Building Insurance

We provide a specialised package cover for owners of houses which are rented on a full-time basis as domestic residencesIt covers:

  • Building, Contents and fixtures & fittings
  • Legal Liability including claims made by a tenant against you
  • Rent loss due to the property being un-tenantable from many external causes
  • Deliberate damage by a tenant or their guests
  • Default of rent by tenants
  • Legal expenses of pursuing tenants through the tribunal system, including eviction

Price on application.

To include Accidental Damage Cover, click on either the Landlords Insurance (Accidental Damage) Proposal or the Landlords & Building Insurance (Accidental Damage) Proposal.
Unsure about the cover you require? Then talk to a real person. Contact us on 1300 880 494.

Commercial Rent Default

What happens if a tenant disappears on you?

Successful property investment is all about risk management. As a commercial landlord you want to do everything in your power to increase the chances of hanging on to your good tenants so you can maximise your profits. You also want to do everything in your power to reduce the risk of bad tenants costing you money. What happens, if despite everything you have done to prevent it, you find yourself in a situation where the tenant is gone, the rent is unpaid, and the bills are mounting up?

 

The costs are huge – lost rent, maintenance, rectification works, advertising for new tenants, facilitating inspections, gathering applications, reference checks, interviews, property management fees, and more.

 

Up until now the only recourse to recover your costs is to pursue your bad tenant through the courts… if you can find them.

 

Commercial Rent Default Insurance offers an inexpensive alternative. It puts control back in to the hands of the commercial landlord and shifts risk management back in their favour.

 

This policy will cover you from the day they stopped paying (after application of excess), and keep covering you until you have a new tenant, the lease expires, or the policy limit is reached.

 

Commercial Rent Default Insurance will cover you for loss of rent:
  • If your commercial tenant fails to pay the rent.
  • If your commercial tenant leaves without notice.
  • If your commercial tenant leaves without paying all of their rent.
  • If you legally evict your commercial tenant.

Not only that, but Commercial Rent Default Insurance:

  • Pays up to $5000 for preparation of claim expenses
  • Pays up to $5000 for legal expenses
  • Can be charged back to the commercial tenant incurring no cost at all
  • Can be used as an alternative to a bank guarantee, making the property more attractive to the tenant while offering protection for the landlord

Commercial Rent Default Insurance is the first stand alone product of its kind, offering a better way of managing your risk, attracting and keeping good tenants, and maximising your profits.

 

If you are serious about successful property investment, Commercial Rent Default Insurance needs to be a critical part of your risk management strategy. You can access our Commercial Rent Default Proposal Form here or through our Online Forms tab.

 

For more information

Who is Responsible for Repairs & Maintenance?

This document is suitable for Lot Owners with determining who is responsible for repairs and maintence – the Owner or the Owner’s Corporation.

This publication provides a list of items found within a building that could generally be considered common property. This document is a Guide only. To find information specific to your property we recommend you refer to the strata plan and by-laws or seek legal advice.