Did you know that without rental bond insurance, your bond can be eroded by accidental damage or increased cost of cleaning like;
Taking out BondSure rental bond insurance maximises your likelihood of getting the full bond back at the end of your tenancy. We will continue to protect the bond even if you roll over the tenancy into a second period, and your insurances will be invited to continue after the loan is paid off, because your bond is still at risk.
The maximum amount of cover each period is the amount of the bond, less the excess of $200 or 15% of the bond whichever is the greater. There is a maximum of two excesses in any one period and one excess will apply to the final inspection if there is both damage and cleaning costs.
The cover for extra cleaning costs means that it sits above the requirement that you take reasonable steps to clean the property. The standard excess of $200 roughly coincides with the cost of a standard clean by many agents.
At BondSure, we realise the importance of insurance. As such, it is possible to take the insurance without the loan and the loan without the insurance.
If you can answer ‘Yes’ to the following questions, you are eligible for the insurance assessment included in the approval process;
Please refer to the PDS and Policy Wording listed under ‘Legal’ in our menu. Otherwise, please feel free to speak directly to one of our friendly and attractive team members on 1300 333 007.
Or call us on 1300 333 007 for more information