Hutch Underwriting's New Landlord Insurance Policy Integrates Cyber Protection

The policy is designed for owners of various residential properties, including standalone houses, terraces, duplexes, and non-strata units, leased on both short-term and long-term bases. Coverage options encompass building and contents insurance, with additional protection for legal liability and digital threats.

Key features of Hutch's landlord insurance include:

• Building coverage up to $2 million and contents coverage up to $400,000.
• Standard inclusion of flood and accidental damage coverage.
• Optional benefits for theft by tenants, rent default, and loss of rent.
• Legal liability coverage up to $20 million.
• Cyber protection offering up to $10,000 for expenses related to data breaches or cybercrime.

The inclusion of cyber protection is particularly noteworthy, as it addresses potential losses stemming from data breaches or cyber incidents that could compromise sensitive tenant information or disrupt rental income streams. This proactive approach reflects an understanding of the evolving challenges landlords face in managing their properties securely.

For landlords, this comprehensive policy offers a streamlined solution to safeguard their investments against both traditional and emerging risks. By integrating cyber protection into the standard coverage, Hutch Underwriting provides a forward-thinking option for property owners seeking robust and modern insurance solutions.