In short, yes. It’s not enough to rely on your body corporate insurance or your tenants’ home and contents insurance to cover you. Landlord insurance will not only protect your property from damage but also provide cover for other tenant-related situations, such as loss of rent.
Ants, roaches, spiders, bees, mice and rats are just a few of the common pest problems homes can suffer from. As a landlord, addressing these issues in your rental property comes with an extra layer that owner-occupiers don’t need to consider.