Landlord Insurance

Is Your Rental Really Covered? The Insurance Traps You Can’t Afford to Ignore.

It’s every landlord’s nightmare.

Your tenant moves out, leaving behind thousands of dollars in malicious damage or rent arrears. You file an insurance claim, confident you’re covered… only to have it denied on a technicality.

Why? You missed one small clause in the 70-page policy document.

Many investors on the Hibiscus Coast believe their standard house insurance or a “landlord extension” is all they need. The hard truth is that most of these policies are full of gaps, exclusions, and fine print that can leave you financially exposed at the worst possible time.

The “Gotcha” Clause That Sinks Most Claims

The most common reason for a denied claim is a breach of your policy’s conditions. The number one breach? Proof of inspections.

Almost every landlord policy in New Zealand will be voided if you cannot provide a detailed, time-stamped inspection report for every 3, 4, or 6 months (depending on your policy).

If you get busy and miss an inspection, or your report isn’t detailed enough, your insurer has the right to walk away, leaving you with the entire bill.

Furthermore, standard policies often do not cover the specific risks of tenancy, such as:

• Loss of rent due to tenancy abandonment
• Malicious damage by tenants (often excluded or has a huge excess)
• Clean-up of a meth-contaminated property
• Re-letting costs after an eviction

The Ray White Beacon Solution: A Superior, Exclusive Policy

This is one of the single greatest advantages of professional management.

Because of our scale as New Zealand’s largest property manager, Ray White has access to specialist, robust landlord insurance policies that are not available to the general public.

These policies are not just “add-ons.” They are purpose-built for investment properties and are designed to actually pay out when you need them to.

Benefits of our exclusive insurance access can include:

• Full Cover for Malicious Damage: Not just an “extension,” but comprehensive cover.
• Loss of Rent: Covers you for tenancy abandonment, arrears, or while the property is being repaired.
• Meth Contamination: Specific, clear cover for testing and remediation costs.
• Lower Excesses: In many cases, the excess payments are lower and less frequent than on generic policies.

We Protect Your Policy, You Protect Your Investment

Having a great policy is only half the battle. You still need to comply with its conditions.

Our job as your professional manager is to ensure you are always 100% compliant. Our meticulous, quarterly inspection reports, rigorous tenant screening, and zero-tolerance arrears process mean that if you ever need to make a claim, you will have all the evidence required.

It’s just one of the many ways we provide complete peace of mind and protect the long-term value of your investment.

Don’t Wait Until It’s Too Late

Don’t risk your biggest asset on the fine print of a policy that was never designed for it. Talk to our team about how we can protect your investment with a truly comprehensive management and insurance plan.