"I thought I had a comprehensive insurance policy! My tenants left having damaged the property and owing rent. The final bill was $40.000.00 and the policy did not pay out. I now have a Pro-Sure Max policy and have peace of mind as I am insured properly."
"I purchased a Landlords Policy that I thought gave me full protection. However when I came to claim for loss of rent due to abandonment by the tenant, I discovered that my policy only covered for Loss of Rents when there had been malicious damage to my property. The moral of my story is to make sure you read the policy details and understand the cover you are purchasing."
The Pro-Sure suite of Landlord products provide malicious damage cover. The level of cover provided depends on the policy you choose. This ranges from cover with a limit up to the replacement value of the property for the Pro-Sure Max policies down to $20,000.00 cover for the Pro-Sure Pro policy. The Pro-Sure policies cover damage done by the tenant, their guests or invitees.
"I had a tenant who thought it would be funny to put quick-set concrete into my toilets and plumping. Apparantly 'malicious damage' wasn't covered by my policy. 60 % of the concrete floor had to be cut out to remove and replace the drains involved, all very costly and disruptive".
"My tenant removed load bearing walls and the roof caved in. We lost our house. The insurance company said we qualified for only $20.000!"
"Out of control party guests did this damage that I had to pay for, as my policy only covered tenants."