Real Landlord Insurance NZ

Residential rental property includes such big groups like stand alone houses, apartment buildings, small multiple-unit properties, low-income houses and some other less popular and numerous units such as boarding houses. Residential rental property is the biggest category of the rental property segment in general compared to commercial rental property, and vacation rental property. Most of the transaction and investment operations dealing with rental property concerns residential rental property and it is obvious, because most people want to rent a property for living there but not for business.

Are you a landlord? Do you want to be? Do you or are you planning on buying residential property to use as rentals?

Well if you answered yes to any of the above, this article is for you.

First let me start out with the cold hard truth, being a landlord does not mean just collecting a rent payment once a month and spending the rest of your time on the golf course. Being a landlord can be frustrating and can take a lot of effort.

The underwriterof the Landlord Preferred policy is NZI,  a business division of IAG New Zealand Limited who have received a Standard & Poor's (Australia) Pty Ltd financial strength rating of AA-.

This means we have a ‘Very Strong' claims paying ability, as you can see in the scale below. As a customer, this is important to you as it's your reassurance that we will be able to pay your claims now and in the future.

The ratings from 'AA' to 'B' may be modified by the addition of a plus (+) or minus (-) sign to show relative standing within the major rating categories.