South Australian franchised real estate group Raine & Horne SA has announced a new and exclusive insurance policy for landlords timed to meet the changing dynamics of the market when the First Home Owners Grant ends on October 1.

The Real Estate Insitute of South Australia Insurance Services (REISA), a joint venture between  REISA and the Master Builders Association (MBA), is now providing a high quality insurance product for investors, protecting property owners from damage, rent runners and other issues associated with owning and maintaining a rental property.  

Raine & Horne SA CEO Kevin Magee said ñThe market will change dramatically on October 1, with the growth in the percentage of investors exponentially increasing whilst the number of first home buyers will substantially decrease. Raine & Horne SA now has a unique service offering for the South Australian property investment market, providing not only a competitive edge for the group but favourable outcomes for those set to enter the market as of October 1.  

ñThe insurance is underwritten by leading Australian insurance groups and is comprehensive, cost effective and supported and endorsed by industry leaders, which collectively have years of experience in dealing with the rental market and the issues encountered by investment property owners.î  

After trialing the insurance service for three months, Raine & Horne SA now has secured exclusivity for the next 12 months.