Your home is far more than a physical asset. That’s why it makes good sense to help protect your precious home with quality insurance - and make sure you have the right type and amount of cover to help keep your home and possessions safe.
If your home and its contents were damaged or destroyed or your possessions stolen, and you couldn’t afford to replace them yourself, you should consider home and contents cover. If you have a mortgage, your bank usually requires that you have home insurance over your home.
Landlord’s insurance is an insurance policy that covers you, as a property owner, from possible financial loss associated with owning an investment property. As well as long term leases, landlord insurance policies may also cover short term holiday rentals or holiday homes, such as approved Airbnb and Stayz residences.
Generally, the policy covers the building from damage from the usual causes such as fire, lightning, explosion, earthquake, storms, and floods but most landlord’s insurance policies also have cover for:
Landlord insurance policies don’t usually cover any personal property belonging to tenants, or otherwise protect the interest of tenants.
A car or a motorbike is often one of the most expensive things that you will own. The freedom of driving on the open road is difficult to match but those open roads are varied in both location and condition.
Motor insurance includes a range of covers to suit every driver and vehicle type, and can be paid annually or by the month.
If you have a car, it makes sense to protect yourself against unexpected costs with car insurance. That’s because accidents can be costly - especially when you’re at fault. If your car is involved in an accident you caused, you’ll not only have the expense of repairing your own car - you’ll generally have to pay for damage to the other vehicle too.
Did you know that if you own a unit on a strata title or body corporate, you are legally required to have strata insurance .
Strata insurance can protect the building’s common areas or facilities, with the premiums paid for by the owners’ corporations. Think of things like gyms, lobbies, pools, car parks and lifts. Some common shared areas that might not seem so obvious can include ceilings, walls and other structural elements.
While the nature of cover will vary among insurers, most residential strata / body corporate policies are designed to provide cover for damage to shared areas, as well as public liability insurance. This latter aspect provides cover if a third party sustains an injury on the shared property, and will likely provide cover for any medical or legal fees.
The cover can be managed by an appointed strata manager, or an insurance broker can take care of it on behalf of the owners’ corporation.
Contact Armstrong’s Insurance Brokers today to discuss your insurance needs.
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