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Showing posts with label Insurance Changes. Show all posts
Showing posts with label Insurance Changes. Show all posts

Saturday, November 25, 2017

Frank Newman: High standards imposed by insurance companies


It seems insurance companies are requiring landlords and property managers to be much more vigilant in the way rental property is managed. The implications are that if a rental is not managed in a manner that minimises risks to an insurer, then they risk having their claims denied.

Here are two examples from a landlord’s insurance policy package currently being promoted by a major insurer. The examples relate to the Landlord’s Obligations clause, and claims for methamphetamine contamination.