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Protect Your Investments: The Benefits of Landlord Insurance

By Ben Faulks

If you are an owner of houses for rent in Belconnen, it's likely you'll want to protect your valuable investment. And one of the best ways to cover yourself is to look into taking out landlord insurance.

Much like other types of insurance, landlord insurance is designed to protect you and your interests in the event that something unforeseeable happens to your property – making it uninhabitable and unprofitable.

There is no one-size-fits-all type of insurance, but most will cover incidents like earthquakes, fires, stormy weather, flooding and other natural disasters that occur outside of anyone's control.

Furthermore, landlord insurance can also cover you if your tenants decide to suddenly vacate without notice and leave you out of pocket. Depending on your insurance, your provider can pay your weekly rent for the time being, until you can find new tenants.

However, this type of cover will be something specific to discuss with your insurance provider. It's also a good idea to remember that this insurance doesn't cover your tenants or their belongings, so it could be wise to advise them about getting their own contents insurance.

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