Posts Tagged ‘Malicious Damage’

Accidental, Malicious, Deliberate damage or Wear & Tear – What is the difference?

 

A common query our Property Managers often hear from Landlords and Tenants is…

“What is accidental damage and how is this different to malicious damage, deliberate damage and/or wear and tear?”

From an insurance perspective, it is defined as per below:

Accidental Damage: An unexpected or sudden loss. This is generally something that is an accident and not planned or intentional. Examples include spills on … Read the full post »

Property damage insurance claims surge

The frequency of property damage claims – both malicious and accidental – has surged by as much as 46 per cent in the past 12 months, according to a landlord insurance company.

“These figures challenge the stereotypes that exist in relation to rental property damage,” Terri Scheer Insurance manager Carolyn Majda said.

“There is a widely-held misconception that good tenants won’t cause damage. The figures show that this is far from true.”

The … Read the full post »