Land­lord con­cerns go un­founded

Central Leader - - YOUR PAPER, YOUR PLACE - STAFF REPORTER

Con­cerns about ma­li­cious dam­age by ten­ants may be keep­ing land­lords awake at night, but they can sleep easy.

The lat­est AA In­sur­ance Home Sur­vey in­ter­viewed 500 land­lords through­out New Zealand.

It found that al­most 90 per cent were con­cerned that ten­ants might in­ten­tion­ally dam­age their in­vest­ment prop­erty. This was closely fol­lowed by the pos­si­bil­ity of miss­ing rent pay­ments at 88 per cent, and drug con­tam­i­na­tion at 87 per cent.

De­spite these con­cerns, AA In­sur­ance says its most com­mon type of land­lord claim over the past 12 months to May 31, 2016 has been for loss or ac­ci­den­tal dam­age to prop­erty. The av­er­age cost of in­sur­ance claims from land­lords is $3000.

‘‘Land­lords will be re­as­sured to find there’s a gap be­tween what they’re most con­cerned about and the types of claims we see most of­ten; ac­ci­dents that can hap­pen in any home,’’ says Amelia Ma­can­drew, cus­tomer re­la­tions man­ager at AA In­sur­ance.

Ma­can­drew says there is a grow­ing con­cern for con­tam­i­na­tion by il­le­gal drugs.

In the same AA In­sur­ance sur­vey 500 ten­ants were in­ter­viewed.

The sur­vey found 72 per cent were con­cerned about rent in­creases hap­pen­ing more than once a year, as well as re­pairs not be­ing fixed cor­rectly or ad­e­quately.

FAIR­FAX NZ.

The most com­mon type of land­lord claims AA In­sur­ance re­ceives is for ac­ci­den­tal dam­age.

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