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Landlord Insurance - 3 benefits of using an insurance adviser

Apr 21, 2021
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Landlord Insurance Property Insurance

Landlord insurance and insurance for your investment property is crucial in protecting the wealth you have worked so hard to accumulate.

LARK Insurance Landlord Insurance

There are plenty of policies that you can buy direct over the internet, but do you really know what you are buying? Do you know that it will be there to rely on when you need it most?

As insurance advisers we can help give you the peace of mind you need around protecting your investment property. Here are 3 benefits of using an insurance adviser for your landlord insurance.

Product benefits

As insurance advisers, we have access to a wide range of insurers. Many of which aren’t available directly to consumers. We will assess your individual needs and can source a number of insurance quotes for you.

Understanding what landlord insurance policies even cover can be confusing (you can learn more on that here). Most insurance policies that are bought online or over the phone offer very basic cover. The danger of these direct policies is that the poor standard of cover comes to light when you need it most and this can have devastating consequences.

Whether you’re looking for budget or premium cover, we can find the right insurance policy for you.

Service

How often have you purchased an insurance policy and renewed it year after year without reviewing it to see if its still appropriate for your situation? The truth is, this happens a lot. We discussed the benefits of an insurance review in a previous post.

We will meet with you before any renewal (and throughout the year if needed) to review your insurances and ensure that your cover continues to match your needs. As your circumstances change, your insurance policy may no longer be suitable. We can recommend new covers to continue to give you the peace of mind that you need.

Imagine having someone manage the protection plan for your investment properties. This will mean you don’t need to research new insurance policies and what coverage you really need.

Price

Price is always important. Clients are always looking at how they can reduce their insurance premiums.

If you have an insurance policy direct with an insurer, do you think they will let you know if another provider is offering a cheaper policy? Likely not.

As your insurance adviser, we will work to find you a cost effective insurance policy that won’t sacrifice the quality of cover. This means that you will have an expert working to make sure you aren’t overpaying on your insurance policy.

Cyber Liability Insurance

Cyber Liability Insurance is designed to help protect you from claims and support your profitability in the event of a cyber breach or attack.

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Public Liability Insurance

Public Liability insurance is there to provide protection if someone makes a claim against the insured, the business or its employees.

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Business Insurance

A business insurance pack can provide cover for your business premises and contents, against loss, damage, theft or financial loss from an insured interruption to the business.

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We would love the opportunity to review the covers for your investment property portfolio. We offer cost and obligation free appointments so talk to us today to see how we can help you.

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General Advice Warning: This advice is general and does not take into account your objectives, financial situation or needs. You should consider whether the advice is appropriate for you and your personal circumstances. Before you make any decision about whether to acquire a certain product, you should obtain and read the relevant product disclosure statement.

All information above has been provided by the author.

LARK Insurance, ABN 56 635 745 176, AFSL 240549

This article originally appeared on LARK Insurance Blog and has been published here with permission.