Owning an investment property is rewarding, but it also comes with risks. From tenant damage to unexpected loss of rental income, even experienced landlords can face costly surprises. That’s where landlord insurance comes in - it’s your safety net, designed to protect both your property and your financial future.

At Gardian Property Management Mackay, we’ve seen the real-world benefits of landlord insurance and why it’s a non-negotiable for savvy property owners. Here’s what you need to know.

 

Standard home insurance is designed for owner-occupied homes, not rentals. Landlord insurance goes further by covering the unique risks of leasing your property, such as:

Without it, you could face thousands in out-of-pocket expenses for repairs, lost rent, or legal claims.

While policies vary between insurers, most landlord insurance includes:

Protection for the structure - walls, roof, floors, and built-in fixtures - against fire, storms, floods, or vandalism.

Covers items you provide, such as furniture, appliances, carpets, and curtains, from damage or theft.

Coverage for damage caused by tenants or their guests, whether accidental or deliberate.

Covers lost rent if your property is uninhabitable after insured damage or if a tenant stops paying rent.

Pays legal costs and compensation if a tenant or visitor is injured at your property.

Common exclusions include:

Always read the Product Disclosure Statement (PDS) so you know exactly what’s included.

Your premium will depend on:

The good news? Landlord insurance is generally tax-deductible as an investment expense.

Over the years, we’ve seen:

The difference is night and day.

Landlord insurance isn’t just a “nice to have” - it’s a vital safeguard for your property, rental income, and legal protection.

If you’re unsure which policy is right for you, we can share recommendations based on our experience managing properties in Mackay.