What's Covered?
- Malicious Damage or Theft by the Tenants.
Up to $25,000 with excess $500. (replacement value; up to 10 years) - Loss of Rents following the tenant vacating without giving the required notice
Up to 6 weeks rent with excess $250. - Loss of Rents due to the eviction of a tenant for non-payment of Rent.
Up to 12 weeks rent with excess $250. - Loss of Rents due to Prevention of Access.
Up to 6 weeks rent with excess $250. - Legal Liability as a Landlord.
Up to $1,000,000 for property damage with excess $250. - Premises left untenantable as a result of a claim under section1.
Limit 52 weeks rent with excess $250
The maximum excess you will pay under any one claim is $500, even if you claim under
more than one section. What's more, the bond remains the landlords!
THAT'S RIGHT, YOU GET TO KEEP YOUR BOND!
Properties not professionally managed will incur a higher excess.
 |  Underwritten by NZI, a business division of IAG New Zealand Limited |