From the day your tenant moves into the rental property both yourself and the property manager are restricted in how and when you can control the tenants.

Life events effecting them, such as job loss or illness, can lead to their defaulting on rent or abandoning the property.

And even if you have the perfect tenants, events like storms, earthquakes, fire and burglary can damage the home and contents.

The simple fact that not all insurance is the same makes it extremely difficult to weigh up the benefits of one policy versus another, and so often the glossiest brochure or the cheapest price wins out.

When it comes to insuring a residential property the difference between them can be quite amazing. Let’s identify some key mistakes that are made too often.