When comparing landlord insurance in Cairns, check whether the policy covers storm, cyclone, flood, storm surge and water damage, as exclusions and waiting periods can vary. You may also want cover for tenant-related loss or damage, rent default, legal liability and temporary loss of rental income. Read the Product Disclosure Statement carefully, particularly definitions of flood, cyclone excesses and property maintenance requirements. An insurer will assess your property and circumstances before confirming cover, so consider obtaining quotes and speaking with a licensed insurance professional.