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Is Landlord Insurance Valid In The Event Of Malicious Damage?

If you have an investment property, then you probably already know about landlord insurance. But do you know exactly what it covers?

We know that not all tenants are as respectful of your property as you would hope and expect. When damage occurs to your property, whether it’s accidental or malicious, you will often be the one left with the legal liability and bill. 
To ensure that your losses are minimal, you must protect yourself with comprehensive insurance.

What Is Landlord Insurance?

Landlord insurance covers your rental property and its contents against a range of risks, including weather events, fires, and tenant-caused damage. 

Damage to your property can lead to months worth of repairs or refits that leave your property empty. We understand that for landlords, this loss of rent, paired with the cost of the work, can have a major impact on your financial status. 

Having Steadfast Direct landlord insurance will ensure you will not be left with endless bills and no profits due to property damage.

Is Malicious Damage Covered?

Property with significant damage.

In the case that you’ve walked into your property for an inspection or following the end of a lease, you hope to find it in a similar condition to when you first leased it. 

But what happens when it’s not?

What happens when you walk in to see holes in the walls, or shattered windows? 

If you don’t have insurance then the first thing is likely to stress out and frantically try to call builders and rearrange your budget. Whereas, if you do have landlord insurance then you can skip all the stress and calmly contact your insurance provider. 

Unless the tenant is still living in your property, and likely even if they are, it’s going to be difficult to know for sure whether the damage was caused with malicious intent. 

That is unless you take them to the RTA or court. However, this can also be a lengthy process that can leave you without a rental income while the case is being processed. 

Each policy is unique, some will only cover accidental damage, while others will cover all damage. For example, our Steadfast Direct landlord insurance will cover the damages caused by your tenants and their guests – malicious or not – and the associated financial losses. 

However, like all good things, there are a few exclusions. Most policies will not cover damage caused by general wear and tear, or neglect. It’s important to check with your insurance provider to find out exactly what kinds of damage your policy covers.

Malicious Damage Process

Living room all messed up with a broken TV.

If you or your property manager notice signs of malicious damage during an inspection there are a few steps you can take. 

The first and most important step is to take photographic evidence. You will then be able to use this if legal action is required. 

The second step is to issue your tenant with a breach notice, and give them a chance to repair the damage within a set period of time. If the tenant fails to make the repairs then you can lodge a police report.

In Australia, malicious damage charges can carry large fines or even involve imprisonment if the damages are excessive. Thus, you should never face these damages lightly.

To avoid facing more damages in the future you can screen your tenants to find renters that are more likely to respect and care for the property. You can also carry out more regular inspections, to keep better track of the state of your property.

The final thing you can do is to ensure your insurance policy is comprehensive and will cover you in the case of any future tenant damages.

Protect Your Investment

If you are a landlord and do not have landlord insurance, we can help. Our team of insurance experts can provide any guidance and set you up with a comprehensive policy.

You can visit our website or contact us to learn more about our services and how we can help protect your investment property.


RentWest – https://www.rentwest.com.au/advice-for-property-owners/dealing-with-malicious-damage/

Top 5 Benefits Of Event Insurance in Australia

Top 5 Benefits Of Event Insurance in Australia

Are you planning a small work function or a large-scale public event? 

Regardless of how often you plan events or the size of them, it’s important to protect yourself with event insurance. Here are 5 of the top benefits that event insurance provides. 

 1. Protected Against Weather Related Cancellation

Bad weather ahead sign.

There are so many factors beyond your control when planning any kind of function or event. If anything goes wrong, it’s you that’s left out of pocket or indebted. 

The best way to protect yourself in these situations is to ensure you have a comprehensive insurance policy.

We know that especially in Australia it can go from being sunny to rainy in a matter of minutes. This is why bad weather is at the top of the list of uncontrollable events that can lead to having to cancel your event.

Your event insurance policy can cover you for any losses that you endure as a result of having to cancel your event due to dangerous weather conditions. 

 2. Covered For Performer Related Losses

Stage with instruments but no performers.

Another common unexpected factor that can impact your event is if your star performer doesn’t turn up. We understand that it can be hard to keep track of everyone performing at big functions like music festivals. And sometimes, smaller functions also.

But if you don’t, and a performer doesn’t turn up or falls ill this can lead to a wave of refund applications or event cancellation, depending on the size of the function. 

With event insurance cover, you will be protected against any financial losses that occur as a result of abandonment or non-appearance of a performer.

 3. Covers Personal Accidents

Leg in cast with crutches.

When planning an event of any size you are likely to have a host of voluntary workers helping make sure your event runs as smoothly as possible. 

Accidents happen, so you must protect yourself in the case of any accidental injuries or death. 

While it is a grim thing to think about when planning a fun celebration, you should be aware of the reality of the risks and statistics. Safe Works Australia states that ‘from 2003 to 2016, there have been 29 fatalities related to an event’.

So, with this in mind, it is beneficial that event insurance covers the out-of-pocket expenses related to any accidental injuries that may occur. 

 4. No Losses From Damage

Broken Apple laptop on table.

Accidental injuries occur and so can property damage. In the excitement of an event, the venue or equipment such as sound systems or instruments can sustain damage.

Depending on the venue or equipment it can be expensive to repair or replace it. This can leave you potentially thousands of dollars out-of-pocket. With venue and equipment insurance you will be covered for these costs. 

5. Public Liability Protection

Desk with keyboard, money, pen, and clipboard saying 'Liability Isurance'.

When hiring a public venue, it is common for the venue to request that you obtain your own public liability insurance or public event insurance. This is to ensure the venue owners know that they will be protected in the event of any injuries or damages.

Regardless of whether they require it though, it is a good idea to protect yourself with liability cover so that you are also not left out-of-pocket. 

This type of insurance will also cover any costs associated with claims from third parties. So, if any attendees get injured at your event or the venue owners have any complaints, you will be protected. 

Cover Your Next Event

If you don’t have event cover and have a function of any size coming up, we can help ensure you’re protected. 

Visit our website or contact us to request a quote, and we can help review your insurance options and get you set up with any business insurance that you require. 


Safe work Australia – https://www.safeworkaustralia.gov.au/sites/default/files/2017-014_-_whs_in_major_events_transcript.docx 

McKenzie Ross & Co Pty Ltd – https://mckenzieross.com.au/commercial-insurance-solutions/entertainment-events-insurance/