Ensuring that property owners hold landlord insurance offers several advantages. Firstly, it simplifies the property manager's job in case the landlord needs to file a claim in the future. By having a comprehensive insurance policy in place, property owners can protect their investment and mitigate potential financial risks. However, property managers should exercise caution to avoid providing insurance advice if they are not authorised to do so.

All property managers who are providing Landlord policies to the clients must complete various compliance modules and fulfil all the obligations enforced on them by the insurers and underwriters before engaging in insurance-related activities to ensure compliance with industry regulations and standards.

Property managers who are not authorised distributors can still inform property owners about the importance of landlord insurance by providing them with informative brochures. However, it's important to note that the property owners must personally complete and sign the proposal forms, which can be sent directly to us via email or submitted online through our website. Landlords cannot provide signed documents to property managers for submission on their behalf.

If authorised by the property owner, property managers can handle invoice payments and assist in lodging insurance claims on the owner's behalf. This can streamline the insurance process and offer convenience for both property owners and managers.

Regardless of whether property managers have distribution agreements in place or can act only as referrers, they are not permitted to offer recommendations or influence property owners in their decisions regarding financial products, including landlord insurance. To ensure compliance, property managers should focus on providing factual information during their conversations with property owners.

At Angelic Insurance, we understand the challenges property managers face when dealing with insurance matters. Our team is here to provide support and answer any questions you may have regarding your authority or the possibility of becoming our referral partners. Feel free to give us a call, and we'll be happy to assist you.

Landlord insurance is a crucial aspect of property ownership in Australia. Property managers play a vital role in informing property owners about the importance of securing proper insurance coverage. By understanding their limitations and complying with industry regulations, property managers can effectively support property owners in safeguarding their investments. For expert guidance and assistance with insurance-related matters, trust Angelic Insurance.