As investors gear up to re-enter the property market, one real estate agency has developed an insurance policy that is said to provide them with piece of mind.
From 1 October, Raine & Horne South Australia will launch an insurance policy for landlords in conjunction with the Real Estate Insitute of South Australia and the Master Builders Association.
According to Raine & Horne’s SA chief executive officer Kevin Magee, the product will protect property owners from damage, rent ‘runners’ and other issues associated with owning and maintaining a rental property.
“Many investors don’t realise the importance of landlords insurance – now we can offer it to them as soon as they purchase the property, making the process as simple as possible,” Mr Magee said.
After trialing the insurance service for three months, Raine & Horne SA now has secured exclusivity for the next 12 months.