What does landlord insurance cover?
If you’re new to the rental property game, you’re probably searching the internet, asking yourself, what does landlord insurance cover? It’s important to find the right policy that covers you if things go wrong – whether it’s tenant-related damage, loss of rent, or unexpected repairs. The last thing you want is to be caught short with the wrong type of policy from an insurance provider that doesn’t specialise in landlord insurance.
That’s where initio comes in. We live and breathe landlord insurance, making sure your rental property is in the hands of a provider that understands the challenges landlords face.
Owning a rental property can be a great investment, but it’s not without risks. That’s why having the right landlord insurance is essential—it helps safeguard your investment from unexpected costs, such as tenant damage, legal claims, and loss of rental income.
What landlord insurance with initio typically covers:
- Loss of rent – Cover for lost rental income if your property becomes uninhabitable due to damage or if tenants leave unexpectedly
- Deliberate damage – Protection against intentional damage or theft caused by tenants.
- Meth contamination – Cover for decontamination costs and additional rent loss during cleanup.
- Landlord contents – Coverage for furniture, appliances, and other items you provide in the rental.
- Replacement cover – Full rebuild protection up to your insured sum.
- Legal liability – Protection against legal costs if your property causes damage or injury.
- Excess-free blocked pipe cover – Coverage to unblock underground pipes without paying an excess.
- Hidden gradual damage – Cover for gradual water damage caused by hidden water pipe/tank leaks.
- Excess-free keys and locks – Replacement of lost or stolen keys and locks with no excess to pay.
Looking for more details?
Head over to our landlord insurance page for some great foundational information and to see how we can help protect your rental. You’ll also find a range of helpful landlord-specific support articles, along with our guide to the fundamentals of landlord insurance, for further reading. If you’re looking for more specific details about initio’s landlord insurance policy, you can download the full wording from our policy wording page.
With the right cover in place, you can rent out your property with confidence – without stressing about the ‘what ifs.’