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EBM Insurance Brokers

EBM Insurance Brokers

Australia’s leading landlord protection

Standard home and contents insurance will not protect against many of the risks that landlord’s face. Whether it be loss of rent due to an absconding tenant, malicious or accidental damage, or a whole range of other circumstances including tenant hardship, the RentCover range provides peace-of-mind to property owners like no other policy. And has done for over 20 years.

Underwritten by one of Australia’s leading insurers RentCover is used by thousands of property managers and tens of thousands of landlords.

Major features include:

  • Malicious or Accidental Damage caused by tenants
  • Theft by tenants
  • Loss of rent due to default, broken leases, death of the tenant, denial of access or tenant hardship
  • Legal Liability up to $30,000,000

RentCoverUltra

· Even the best tenants can have difficulties or accidents that can result in property damage and lost rent. RentCoverUltra covers you against theft and damage (accidental or malicious) by your tenants or their guests up to $50,000. It also covers rental income loss due to unpaid rent (depending on the circumstances) or vacancy while insured damage is repaired.

Ideal for permanently let units or townhouses, RentCoverUltra includes cover against ‘defined events’ such as fire, storm and water damage as well as liability up to $30,000,000, so you won’t need a separate contents policy.

If you are insuring a house, you may like to consider RentCoverPlatinum which includes a comprehensive building policy as well as the tenant-related risks of RentCoverUltra.

· What is covered by RentCoverUltra

Loss of Rent due to:

Cover

Denial of Access

52 weeks

Prevention of Access

52 weeks

Default of Rent

6 weeks

Departure without notice

6 weeks

Breaking of lease

6 weeks

Malicious Damage¹

52 weeks

Accidental Damage to Contents¹

52 weeks

Accidental Damage to Building

52 weeks

Theft by Tenant¹

52 weeks

Hardship

6 weeks

Death of a Tenant

52 weeks

Defined Risks to contents (Fire and storm etc.)²

52 weeks

Damage & Theft (building)

Malicious Damage

$50,000

Accidental Damage

$50,000

Theft by the Tenant

$50,000

Damage & Theft (contents)


Malicious Damage¹

$50,000

Accidental Damage¹

$50,000

Theft by the Tenant¹

$50,000

Defined Risks (Fire and storm etc.)²

$50,000

Legal Costs

$5,000

Legal Liability

$30,000,000

Professional fees due to Tax Audit

$1,000

Workers Compensation (WA)

Included

· Excess amounts

Loss of Rent

Nil

Malicious Damage

$400 Per Claim

Accidental Damage

$400 Per Event

Theft by the Tenant¹

$400 Per Claim

Legal Expenses

Nil

Owners Liability

Nil

Contents fire and perils

$200 per claim
(except earthquake $250 and cyclone $500)

· ¹ Contents for Malicious Damage, Accidental Damage and Theft by the Tenant refers to those items specified in the policy. Malicious Damage for contents items supplied by the landlord for the tenants' use can be insured for a small additional premium.
² Defined risks (fire, storm, water damage etc.) applies to contents items supplied by the landlord for the tenants' use.

· Please refer to the Product Disclosure Statement for full details.

RentCoverPlatinum

· When insuring a house let permanently to tenants you need to insure the building and contents (carpets, curtains, blinds etc.) as well as the tenant-related risks. RentCoverPlatinum makes it simple, fast and inexpensive to combine comprehensive cover for the building and contents with the protection of landlords' insurance in one policy.

So whether your tenant breaks their lease, damages your property, or whether there is a fire that causes a total loss, you will know that you are protected by RentCoverPlatinum.

With RentCoverPlatinum, you're covered for damage to the building and/or contents through fire, earthquake, explosion, storm or rainwater (but not flood) glass breakage, impact, theft, fusion, malicious acts by intruders or water damage from burst pipes or overflowing sinks.

You are also covered for almost every risk where a tenant does something wrong including malicious or accidental damage by the tenant, loss of rent due to broken leases, absconding tenants, denial of access and more. You’re even covered for up to $30,000,000 legal liability.


What is covered by RentCoverPlatinum?

Loss of Rent due to:

Cover

Denial of Access

52 weeks

Prevention of Access

52 weeks

Default of Rent

6 weeks

Departure without notice

6 weeks

Breaking of lease

6 weeks

Malicious Damage¹

52 weeks

Accidental Damage to Contents¹

52 weeks

Accidental Damage to Building

52 weeks

Theft by Tenant¹

52 weeks

Hardship

6 weeks

Death of a Tenant

52 weeks

Defined Risks to contents (Fire and storm etc.)²

52 weeks

Damage & Theft (building)

Malicious Damage

$50,000

Accidental Damage

$50,000

Theft by the Tenant

$50,000

Defined Risks (Fire and storm etc.)²

Up to sum insured

Damage & Theft (contents)


Malicious Damage¹

$50,000

Accidental Damage¹

$50,000

Theft by the Tenant¹

$50,000

Defined Risks (Fire and storm etc.)²

$50,000

Legal Costs

$5,000

Legal Liability

$30,000,000

Professional fees due to Tax Audit

$1,000

Workers Compensation (WA)

Included

· Excess amounts

Loss of Rent

Nil

Malicious Damage

$400 Per Claim

Accidental Damage

$400 Per Event

Theft by the Tenant¹

$400 Per Claim

Legal Expense

Nil

Owners Liability

Nil

Contents fire and perils

$200 per claim
(except earthquake $250 and cyclone $500)


Building fire and perils

$200 per claim
(except earthquake $250 and cyclone $500)

· ¹ Contents for Malicious Damage, Accidental Damage and Theft by the Tenant refers to those items specified in the policy. Malicious Damage for contents items supplied by the landlord for the tenants' use can be insured for a small additional premium.
² Defined risks (fire, storm, water damage etc.) applies to contents items supplied by the landlord for the tenants' use.

· Please refer to the Product Disclosure Statement for full details.

If you want to know more about EBM insurance or would like Harcourts Alliance to arrange this insurance for you, please contact the Property Management team on 6200 3030.