Rental thefts on the rise

Monday 23 August 2010

Article by Mozo

Australian landlords could be encouraged to compare their mortgage deals following the publication of a new report.

Data from a recently-published study by insurance firm Terri Scheer has revealed that landlords claims have increased by 42 per cent in the last 12 months.

According to the company, tenants are increasingly making off with television sets, beds and various white goods.

Carolyn Majda, the firm's manager said: "This can be costly for landlords if they do not have adequate insurance to cover replacement costs. This is a particular issue for rental properties that are fully or partly furnished.

"It's also important to keep purchase receipts and take an inventory of all the items in your investment property, including their make and model number, the condition they are in and their value."

The report also showed that fridges, washing machines and dishwashers were among most popular stolen items.

Air conditioners, lawnmowers, taps and kitchen sinks were just some of the more obscure items reported as stolen on a number of claim forms last year.
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