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 $65,000.  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, flood 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 Access52 weeks
Prevention of Access52 weeks
Default of Rent6 weeks
Departure without notice6 weeks
Breaking of lease6 weeks
Malicious Damage¹52 weeks
Accidental Damage to Contents¹52 weeks
Accidental Damage to Building52 weeks
Theft by Tenant¹52 weeks
Hardship6 weeks
Death of a Tenant52 weeks
Defined Risks to contents (Fire, storm and flood etc.)²52 weeks
Damage & Theft (building)
Malicious Damage$65,000
Accidental Damage$65,000
Theft by the Tenant$65,000
Damage & Theft (contents)
Malicious Damage¹$65,000
Damage caused by Tenant’s pets$65,000
Accidental Damage¹$65,000
Theft by the Tenant¹$65,000
Defined Risks (Fire, storm and flood etc.)²$65,000
Legal Costs$5,000
Legal Liability$30,000,000
Professional fees due to Tax Audit$1,000
Workers’ Compensation (WA)Included

Excess

Loss of RentNil
Malicious Damage$400 Per Claim
Accidental Damage$400 Per Event Max. 2
Theft by the Tenant¹$400 Per Claim
Legal ExpensesNil
Owners LiabilityNil
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, flood and 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.