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Updated about 8 years ago,
Insurance on rentals - landlord
Looking for advice regarding landlord insurance which would cover:
Rent default up to $5,000, plus associated legal costs up to $5,000
Cover for loss of rent up to 12 months while your property's being repaired as a result of an incident
Theft and attempted theft by tenants
Malicious damage or vandalism by tenants
I can get this cover for my investment properties in Australia, but cannot seem to find similar cover in the US. they all seem to give the same answer:
"Vandalism and malicious mischief is a covered peril; However, it is excluded when it’s your tenant(s) that damage the property. Which also excludes the loss of rent coverage".
thanks for any advice.