The most common and costly home and landlord insurance claims revealed

Ever wondered what the most common and costly claims for home and contents and landlord insurance in Australia are? A recent article from QBE Insurance reveals all.

Riders on the storm

Severe weather and leaky pipes are the biggest headaches for Australian landlords and are the cause of far more insurance claims than tenants failing to pay rent.

Storm and flood claims account for 34 percent of all landlord claims, while water damage from pipe failure make up 21 percent of claims, according to Frank Costigan, QBE Chief Customer Officer, Personal Lines.

Obviously, it’s impossible to avoid storms and severe weather, but landlords can be proactive in staying on top of the general maintenance and upkeep of their property.

Stay on top of home maintenance

So, how do you stay on top of maintenance? There are many things you can do to stay on top of your home maintenance.

Here are a few ways to get you started:

  • Clean out your gutters

Gutters manage the flow of rain water away from your home during a downpour or storm. If they’re blocked, the water can pool in the wrong place and even flow back into your house and damage your home both inside and outside, leading to substantial damage.

That’s why ensuring your gutters are free from leaves, sticks and other debris is an important part of your regular maintenance and a vital risk mitigation step.

  • Check your roof

Periodically check your roof for damage. Damaged, discoloured, or gravel-less shingles should be quickly replaced to prevent the need to replace your roof, water-damaged trusses, or drywall when you finally discover a leak.

During the inspection of your roof, pay special attention to shingles that surround skylights, vents, and chimneys, as these areas are the most leak-prone.

Ensure your rental property is adequately protected with the right Landlord Insurance. Contact Grace Insurance in Perth for assistance today.