Conrad Vass of Space Property Agency describes a burst hose that flooded a rental property. The client avoided thousands in repair costs because they had proper landlord insurance, not the cheapest option. Vass warns landlords to verify their property manager has recommended adequate coverage.
Hi, it's Conrad Vass from Space Property Agency. Just wanting to touch on something very important— landlord's insurance. This is a premises we had a hose burst, flooded the property. Thankfully, our client's insured with a suitable landlord's insurer. Make sure you have a credible insurer that has Good coverage, appropriate coverage for your property. Otherwise, you could be picking up the bill for something like this. If your property manager has not spoken to you and recommended insurance, appropriate insurance, not the cheapest insurance, you need to talk to them.
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