QBE Introduces Comprehensive Add-Ons to Landlord Insurance Policies

The new optional covers include rent default cover for up to 52 weeks, tax audit protection up to $25,000, and machinery and electronic equipment breakdown cover. Bob Algie, QBE's Head of Property and Marine, emphasised the strategic nature of these enhancements: "This isn't just a product refresh... it's a strategic enhancement aimed at helping brokers grow their portfolios in a competitive market."

These additions are particularly relevant for landlords with properties valued between $15 million and $50 million, especially those with strong risk management practices and well-maintained assets. By offering these covers as optional extras, QBE provides brokers with more tools to attract and retain quality commercial landlord clients.

For property investors, these enhancements highlight the importance of regularly reviewing insurance policies to ensure they align with the evolving risks and needs associated with property ownership. The availability of such tailored add-ons allows landlords to customise their coverage, ensuring comprehensive protection against a range of potential issues.