What’s the Difference Between Building Insurance, Landlords Contents Insurance, and Landlords Insurance?
Landlords often confuse different types of insurance, but each serves a specific purpose. Building Insurance covers the structure of the property (e.g., fire, storm, and flood damage) but does not include contents. Landlords Contents Insurance protects items inside the property, like carpets, blinds, and light fittings. Landlords Insurance offers broader protection, covering risks like rent default, theft, malicious damage, and legal expenses. While not legally required, Landlords Insurance can provide peace of mind. For those with strata-titled properties, check if the strata company’s insurance covers your unit’s interior.
