When comparing landlord insurance in Melbourne, check whether the policy covers building damage, loss of rent, tenant-related damage, liability and legal expenses. Melbourne-specific risks may include storm, flood, escape of liquid and bushfire, but cover and exclusions vary between insurers and some areas may be assessed differently. Read the policy wording carefully, including conditions about tenant screening, inspections, vacancy periods and making claims. Premiums, excesses and eligibility are set by each insurer, so obtain quotes and confirm the details directly with the provider or a licensed insurance professional.