When comparing landlord insurance in Townsville, check whether the policy covers storm, cyclone, flood and water damage, as well as risks such as tenant damage, rent loss and legal liability. Flood cover may have specific definitions, exclusions, excesses or waiting periods, so read the Product Disclosure Statement carefully. You should also confirm whether the building, contents supplied to tenants, fixtures and temporary accommodation are covered, and whether property management requirements apply. Premiums and eligibility depend on the property, location and insurer, so compare policies and speak with the insurer or a licensed insurance professional about your circumstances.