Rent Default and Legal Expenses Cover
By adding this optional cover to your landlords protection insurance, you’ll be covered for damage and expenses, even if your tenants leave without paying their rent.
We’ll pay the lesser of 10 weeks of rent or $20,000. And when we accept your claim, we’ll also pay your legal expenses up to a maximum of $1,000.
You’ll be covered when a tenant:
Vacates before the end of the agreed rental period without notice
Does not pay rent owing under the lease agreement and vacates the property
Does not pay rent and is legally evicted
Is denied legal access to your property by a local, state or Commonwealth authority
Please note: This is a summary only. For more information on this cover and our building and contents insurance policies, you can download our Product Disclosure Statement.