The importance of tenant insurance

Commentary by Department Head – Callum Thompson

 

Four seasons in one day, no phrase more accurately describes the weather in Melbourne. With the arrival of autumn, we say goodbye to sunny days and are reminded that the skies can be ready to open up with a downpour at any moment.

The New Year started with heavy rains and high winds bearing down on the city, resulting in isolated flooding and subsequent property damage from ground floor apartments, to penthouses alike.

Unfortunately some tenants were unaware that the landlords and the owner’s corporation insurance policies do not include cover for their contents, which has resulted in significant losses.

With many options for contents insurance available, often at competitive premiums, we strongly recommend all of our tenants ensure they are adequately covered. If you’re not sure where to start, your Property Manager can provide information (and a discount) on our preferred provider  EBM Insurance Brokers.

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Callum Thompson – Head of Property Management