Hi
I have a tenant that were not paying the rent for up to 12 - 13 weeks now and they are being evicted by sheriff.
My concern now is that the tenant will not pay the rent in arrears and have to depend on the landlord insurance and rental bonds.
I spoke with NRMA about my landlord insurance policy and they told me that it will cover only up to 8 weeks and maximum of $3000 and it does not cover legal fees (tribunal, sheriff etc)
But my PM told me otherwise and quite different, they said they have claimed from NRMA before and got cover up to 52 weeks of rental loss. and include legal fees
Could someone that have claimed this insurance previously, clarify this for me?
I have a tenant that were not paying the rent for up to 12 - 13 weeks now and they are being evicted by sheriff.
My concern now is that the tenant will not pay the rent in arrears and have to depend on the landlord insurance and rental bonds.
I spoke with NRMA about my landlord insurance policy and they told me that it will cover only up to 8 weeks and maximum of $3000 and it does not cover legal fees (tribunal, sheriff etc)
But my PM told me otherwise and quite different, they said they have claimed from NRMA before and got cover up to 52 weeks of rental loss. and include legal fees
Could someone that have claimed this insurance previously, clarify this for me?