All Forum Posts by: Bev Willerby

Thanks for getting back.

I guess the Landlord would need to factor this loss of rent risk into the rent charged (if the market will bear it).

If items damaged, I guess once replaced would induce a claim against tax ie depreciation, although still out of pocket up front - forewarned is forearmed.

And of course there is always the 4weeks bond.

Cheers !

Thanks guys, I will give this a try.

Hi Jon
Thanks for getting back so quick,
yes it was in the "International Investors Group" Forum.
Screen said I was signed in,
I managed to link myself as a follower and went onto a website listed and left message but nothing back - hate to admit it but I am totally techno challenged and very new to forums like this. (it was my 1st post ever)

Hi
In Australia, we have a "Landlord Insurance" policy that costs approx. $250 p.a. with approx. $200 excess per claim, and covers the Landlord against Malicious Damage & Rent Default.
(A totally seperate policy to the building insurance)

-Is there anything like this in USA?

Malicious Damage caused by the tenant requires a police report. It is very hard to establish at tribunal that the damage was done intentionally with malice and not just out of stupidity:

case example;
tenant brought motorbike into living room to change oil and severly damaged/stained carpet - judge ruled tenant had not set out intentionally to cause damage to the carpet -so this was not covered

on the other hand, different tenant caused offensive graffitti to internal walls -this was ruled to have been done intentionally with malice -so covered

However, this policy comes into its own mainly for rent default, of varrying amounts depending on the circumstances but in some cases upto 12weeks if the tenant does a runner.

You can see the peace of mind $250 can give you.

Is there anything like this available in USA?

I had someone respond to a post "Purchase Process" back on 8th June, who asked if I could contact him via his signature, having trouble - can anyone help?

Hi
In Australia, we have a "Landlord Insurance" policy that costs approx. $250 p.a. with approx. $200 excess per claim, and covers the Landlord against Malicious Damage & Rent Default.
(A totally seperate policy to the building insurance)

Malicious Damage caused by the tenant requires a police report. It is very hard to establish at tribunal that the damage was done intentionally with malice and not just out of stupidity:

case example;
tenant brought motorbike into living room to change oil and severly damaged/stained carpet - judge ruled tenant had not set out intentionally to cause damage to the carpet -so this was not covered

on the other hand, tenant caused offensive graffitti to internal walls -this was ruled to have been done intentionally with malice -so covered

However, this policy comes into its own mainly for rent default, of varrying amounts depending on the circumstances but in some cases upto 12weeks if the tenant does a runner.

You can see the peace of mind $250 can give you.

Is there anything like this available in USA?