WHY YOU NEED LANDLORD INSURANCE - 2018 CASE STUDY
By Jun Kurosawa

Recently we had a number of incidents relating to water flooding of apartments for various reasons, a tenant left a tap on, a burst hot water tank and over 10 properties were damaged in the recent storms. On the first two occasions the tenants were overseas at the time.
As a result, the apartments were completely flooded and required expensive recovery costs to extract the water and rectify the damage including;

• Extraction of the water
• Drying the carpets including the hire of commercial driers and re-stretching carpet
• Steam cleaning and deodorising the carpet
• Damage to common areas and 3 neighbouring apartments
• Loss of rent and alternative accommodation costs