When reviewing rental applications you’re hoping to choose the perfect tenant. But even ideal tenants could lose their job, get injured or have their work hours reduced - so it makes financial sense to protect your investment property.

Losing your rental income

Landlord insurance can cover you for loss of rent if your tenant doesn’t ‎pay. You’re only covered if you still have a mortgage on the property, not if you own it outright.

So if your tenant packs up and leaves without notice, or they die, your rent will be paid (up to the amounts or limits set out in the Policy terms). You might also be covered for associated legal ‎expenses. You can also insure the property’s contents in the event your tenants steal them.

The loss of rental income and/or theft by tenant covers are optional and cost extra.

Protecting your investment property

Wild storms and life-threatening fires prove how unpredictable nature is. If damage happens as a result of these types of natural disasters, you’ll be covered.

Important information

* As taxation legislation is complex, we recommend you contact your financial adviser, tax adviser or the Australian Taxation Office for further details and expert advice in relation to your personal circumstances.

This article is intended to provide general information only and has been prepared by NAB without taking into account any particular person's objectives, financial situation or needs and is current as at 31/3/2015. Before acting on any of this information you should consider the appropriateness of it information having regard to your personal objectives, financial situation or needs, Terms, conditions, limits and exclusions apply to an insurance policy, so before making a decision about insurance consider the relevant Product Disclosure Statement for it available from the insurer. The information does not constitute comprehensive taxation guide. As taxation legislation is complex, we recommend you contact your financial adviser, tax adviser or the Australian Taxation Office for further details and expert advice in relation to your personal circumstances.

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After more?

Home loans

NAB offers flexible home loans to suit you whatever stage you’re at. Buying a home, investing, renovating, refinancing.

Home and contents insurance

Protect your house and the things inside that make it a home.

Landlord insurance

Your investment property deserves protection just like your home does. Sleep better at night knowing your investment property is covered by NAB’s Insurance for landlords.

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