Are you covered for a meth problem in your tenanted property?
Recent media reports are stating that P contamination in homes could rival the leaky homes disaster. The New Zealand Herald is reporting homeowners are currently forking out millions of dollars to decontaminate P-riddled properties. Although the media is reporting the number of Housing NZ homes are affected the problem isn’t confined to poorer areas and has seeped into even the most exclusive streets.
This is devastating news to any property home owners. A recent report shows exactly how devastating it can be with a Kapiti couple, now homeless after purchasing a contaminated home. This has promoted calls for mandatory methamphetamine testing when selling and renting properties.
What landlords can do to reduce loss? To help mitigate the risk, Landlords can do the following;
- Check out the references with a new tenant
- Have regular Inspections, inside and outside the home
- Be in touch with neighbours regarding house activity
- Ensure they have a comprehensive insurance policy
- Install meth detectors in their rental properties
So where does insurance fit in? PIC Insurance Brokers has a specific policy for Tenanted homes and this policy covers areas such as;
- Unlawful substances
- Malicious Damage
- Landlords Contents
- Loss of rent if the property becomes uninhabitable
So if you are looking for a comprehensive policy for your rental property, contact PIC Insurance Brokers on 0508 742 742, email@example.com. We can help give you peace of mind and help protect your property.
Investing in your future is one thing, protecting it is another!