Landlords are able to insure their premises against certain vagaries of the rental market. A typical policy contains the following features:

Loss of rent limited to 52 weeks if the premises are untenantable (for at least T days) and a loss of rent for up to 6 weeks through the premature departure of the tenant (subject to bond monies remaining following deduction of cleaning up expenses). Legal expenses up to $500 on each and every claim (requires the prior approval of the Insurer). Also covers loss or rent for up to 6 weeks because of the prevention of access,

Extra cost reinstatement. Aggregate limit of $20 000. A minimum claim of $250 and most claims under this heading have an excess of $50. Excludes carpets, curtains, blinds or light fittings.