Hi guys, trying to find most suitable insurance for my duplex rental. Building & landlords.
I see most of the companies have a exclusion for tenant neglect/wear tear. This includes generic insurance companies eg AAMI/RAC but also the more specialised ones such as AAMI.
Do we just take it as a fact of life and ignore the clause and expect not to be covered in the unfortunate instance that a tenant neglects/damages the property?
These policies do have a malicious damage policy, but how do they determine which it is practically??
I see most of the companies have a exclusion for tenant neglect/wear tear. This includes generic insurance companies eg AAMI/RAC but also the more specialised ones such as AAMI.
Do we just take it as a fact of life and ignore the clause and expect not to be covered in the unfortunate instance that a tenant neglects/damages the property?
These policies do have a malicious damage policy, but how do they determine which it is practically??