What is Landlord Insurance?
​Landlord insurance covers several must-haves for investment property owners that are not covered by other types of home and contents insurance policies:

• Theft or burglary by tenants or their guests
• Malicious damage or vandalism by tenants or their guests
• Loss of rent due to tenant default
• Legal expenses required to evict a tenant

A good quality landlord insurance policy protects you against a number of things that other home and contents insurance policies do not cover. And the good news is that because it is an investment expense, your policy premium is tax deductible.
There are also policies available to cover short-term rental landlords who use sites like Airbnb, Stayz and Flatmates.com.au to rent out a room in their own home, or a granny flat attached to their property. If home owners aren’t covered and a renter or guest damages their property, they can face paying for expensive repairs on their own. Even worse, they could face expensive public liability claims if a renter is injured while staying on their property – which could amount to hundreds of thousands of dollars.