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And that's absolutely the case. Many people seem to think that simply everything should be covered under a policy. That in fact could happen, but with greater risk and claims comes a higher premium. A policy could have no exclusions but is anyone willing to pay say $1,500 instead of $300 for...

That will depend on the policy, there are certainly policies that will treat this as Accidental Damage. The difficulty can be if it's just a long term thing throughout the tenancy rather than a specific incident that occurs.

Some policies certainly cover Accidental Damage, RentCover always has, although admittedly most policies don't. Unless you are referring to something that is specifically excluded??

If it's a strata unit the tenant risk, the contents (carpets, curtains etc.) and the liability would generally all be one. As far as cost-effectiveness it should be. In regard to a house you could maintain a straight building policy without landlords but in a tenanted property the contents...

If it's a Strata unit the strata insurance won't pay for your contents (carpets, curtains, blinds etc.), nor will it cover liability inside your unit. Nor of course the tenant risks.

I'm hoping you don't mean this the way everyone has assumed, but not sure how else to read it. If you are uninsured at other times it will mean that if a tenant injures themselves on your property and you are sued for hundreds of thousands of dollars or even millions of dollars, then it's your...