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Product Disclosure Statement

EBM Insurance Brokers makes it simple, fast and inexpensive to combine comprehensive cover for the building and contents with the protection of landlords' insurance, in one policy. Choosing RentCoverPlatinum covers the investment property home and contents against a range of insurable events as well as damage by the tenants, and protects your rental income at a premium around 20% cheaper than buying both policies individually.

With RentCoverPlatinum, you're covered for damage to the building or contents through fire, earthquake, explosion, storm or rainwater (but not flood) glass breakage, impact, theft, fusion, malicious acts by intruders or water damage from burst pipes or overflowing sinks.

In addition, you get all the tenant-related features of RentCoverUltra, including:

• Malicious damage or theft by tenants as well as accidental damage to both building and contents including unauthorised home alterations, up to $50,000.
• Unpaid rent in many situations such as breaking of leases and default (up to 52 weeks depending on circumstances).
• Legal Expenses in minimising a claim up to $5,000.
• Tenant Hardship
• Death of a Tenant.
• Legal liability claims arising from injury or other circumstances on your property, up to $30 million.
• Tax Audit cover - pays professional fees up to $1,000 incurred by you due to a Tax Audit in respect of the income from your investment property.
• Workers Compensation cover (WA only).

 

Choosing RentCoverPlatinum makes it easier to make and manage claims as well, with these benefits:

• No excess on Loss of Rent claims.
• Low excesses on damage claims compared to many other policies.
• More comprehensive cover, including Accidental Damage to the building as well as contents.
• Claims settled faster under EBM's claims settling authority rather than going to the Insurer - usually in just 5 working days.

Excesses

 RentCoverUltra Section

Loss of Rent	Nil
Malicious Damage	$400 Per Claim
Accidental Damage	$400 Per Event
Theft by the Tenant¹	$400 Per Claim
Legal Expense	Nil
Owners Liability	Nil
Contents fire and perils	$100 per claim (earthquake - $250)

 Building and Contents Section

Each & Every Claim (except Cyclone)	$100 all States
Cyclone	$500