What's Covered
Loss of rental income
Protects you from loss of rental income as a result of scenarios such as those listed below.
Provides cover for:
- Absconding tenant
- Defaulting tenant
- Failure to give vacant possession
- Death of a tenant
- Hardship
- Untenantable property
- Prevention of access
- Rent reduction
Contents
Protects those furnishings you forget, like curtains, carpets, blinds and light fittings.What contents are covered?
Provides cover for:
- Tenant Damage
- Flood
- Storm or rainwater
- Escape of liquid
- Fire (including bushfire) or explosion
- Show more
- Break-in vandalism or theft
- Pet damage
- Scorching
- Impact
- Earthquake or tsunami
- Glass breakage
- Lightning
- Oil leakage from any heater
- Electric motor burnout
- Riot, civil commotion or public disturbance
- We do not insure you for bushfire, storm, flood or tsunami in the first 72 hours of your policy. Very limited exceptions apply. Read the PDS for more detail.
Building
Protects your building against: loss or damage caused by tenants, their family or their invited guests.What does building include?
Provides cover for:
- Tenant Damage
- Pet damage
- Scorching
Additional benefits
- Legal expenses up to $5,000*
- Representation costs up to $500*
- Bailiff/Sheriff fees up to $300 per claim
- Replacement of locks up to $250
- Re-letting expenses in excess of the bond up to $500*
- Removal and storage of goods up to $500
- Legal liability cover up to $20 million
- Emergency Service damage up to $1,000
*Reletting, legal expenses and representation costs are only covered under the Landlord Preferred Policy and Scheer Short Stay Policy.
This content applies to new policies and renewal policies commenced or renewed on or after 29 March 2021.
For full details of our policies we recommend you read the relevantProduct Disclosure Statement.
The Target Market Determination is also available.
Details of what's covered
- I have a property managerLandlord Preferred Policy
- I manage the property myself
If your property is managed by a property manager the Landlord Preferred Policy covers permanent or periodic tenancies and includes cover for:
Loss of Rental Income
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Insured Events
Sub-limit
Absconding tenant
Up to 20 weeks loss of rent
Defaulting tenant (by court order)
Up to 20 weeks loss of rent
Defaulting tenant (by termination notice)
Up to 20 weeks loss of rent
Failure to give vacant possession
Up to 28 weeks loss of rent
Death of tenant
Up to 15 weeks loss of rent
Hardship
Up to 4 weeks loss of rent
Untenantable property (due to tenant damage to building)
Up to 52 weeks loss of rent
Untenantable property (due to contents damage)
Up to 6 weeks loss of rent
Prevention of access
Up to 52 weeks loss of rent
Rent reduction
Up to 6 weeks reduction of rent
Contents
Show Detail
Up to $60,000 cover included per period of insurance, combined with Building Cover. You can increase your cover up to $100,000.
Insured Events
Sub-limit
Tenant Damage
Flood
Storm or rainwater
Escape of liquid
Fire (including bushfire) or explosion
Break-in vandalism or theft
Pet damage
Up to $2,500 per period of insurance (Combined with Building damage)
Scorching
Up to $1,000 per period of insurance (Combined with Building damage)
Impact
Earthquake or tsunami
Glass breakage
Lightning
Oil leakage from any heater
Electric motor burnout
Up to $2,000 per claim
Riot, civil commotion or public disturbance
Building
Show Detail
Up to $60,000 cover included per period of insurance, combined with Contents Cover. You can increase your cover up to $100,000.
Insured Events
Sub-limit
Tenant Damage
Pet damage
Up to $2,500 per period of insurance (Combined with Contents damage)
Scorching
Up to $1,000 per period of insurance (Combined with Contents damage)
Other
Show Detail
Insured Events
Limit
Legal expenses
Up to $5,000 per claim
Representation costs
Up to $500 per period of insurance (with a sub-limit of $300 per claim for engaging a bailiff/sheriff)
Replacement of locks
Up to $250 per claim
Re-letting expenses in excess of the bond
Up to $500 per period of insurance
Removal and storage of goods
Up to $500 per tenancy
Legal Liability
Up to $20million in legal liability
Emergency Service damage
Up to $1,000 per claim
The Landlord Preferred Self Managed Policy covers landlords who manage the property themselves.
It includes:
Loss of Rental Income
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Insured Events
Sub-limit
Absconding tenant
Up to 20 weeks loss of rent
Defaulting tenant (by court order)
Up to 20 weeks loss of rent
Defaulting tenant (by termination notice)
Up to 20 weeks loss of rent
Failure to give vacant possession
Up to 15 weeks loss of rent
Death of tenant
Up to 15 weeks loss of rent
Hardship
Up to 4 weeks loss of rent
Untenantable property (due to tenant damage to building)
Up to 52 weeks loss of rent
Untenantable property (due to contents damage)
Up to 6 weeks loss of rent
Prevention of access
Up to 52 weeks loss of rent
Rent reduction
Up to 6 weeks reduction of rent
Contents
Show Detail
Cover anywhere between $30,000 and $100,000.
Insured Events
Sub-limit
Tenant Damage
Flood
Storm or rainwater
Escape of liquid
Fire (including bushfire) or explosion
Break-in vandalism or theft
Pet damage
Up to $2,500 per period of insurance (Combined with Building damage)
Scorching
Up to $1,000 per period of insurance (Combined with Building damage)
Impact
Earthquake or tsunami
Glass breakage
Lightning
Oil leakage from any heater
Electric motor burnout
Up to $2,000 per claim
Riot, civil commotion or public disturbance
Building
Show Detail
Up to $60,000 cover included per period of insurance
Insured Events
Sub-limit
Tenant Damage
Pet damage
Up to $2,500 per period of insurance (Combined with Contents damage)
Scorching
Up to $1,000 per period of insurance (Combined with Contents damage)
Other
Show Detail
Insured Events
Limit
Legal expenses
Up to $5,000 per claim
Bailiff/Sheriff fees up to $300 per claim
Up to $300 per claim
Replacement of locks
Up to $250 per claim
Re-letting expenses in excess of the bond
Up to $500 per period of insurance
Removal and storage of goods
Up to $500 per tenancy
Legal Liability
Up to $20million in legal liability
Emergency Service damage
Up to $1,000 per claim
This content applies to new policies and renewal policies commenced or renewed on or after 29 March 2021.
For full details of our policies we recommend you read the relevantProduct Disclosure Statement.
The Target Market Determination is also available.
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Why Landlord Insurance is important
Landlord Insurance covers you for tenant-related losses. Things like loss of rent due to a tenant breaking their lease or being evicted, or damage caused to your contents by tenants, like drink spills on carpets. Other insurance may not cover these events, and very often, the bond won’t be enough to cover the associated costs.
Combine
and save
If you own a freestanding building, combine one of our Landlord Insurance products with our Residential Building Insurance and receive a 10%+ discount on your Residential Building Insurance policy.
Find out more
Landlord Insurance is rated 4.6 out of 5 by 2344.
Rated 5 out of 5 by AUSJACKO from GREAT INSURANCE POLICY Have used before & is better to have than not have, for unforeseen circ*mstances.
Date published: 2024-03-03
Rated 4 out of 5 by SROY from Competetitive premium and benefit Competetitive premium and benefit. Premium is less compared to other insurer.
Date published: 2024-03-01
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Date published: 2024-02-28
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Date published: 2024-02-27
Rated 5 out of 5 by JMit from Great insurance product New as an investor and this product is competitively priced
Date published: 2024-02-24
Rated 4 out of 5 by landlord insurance from great online service Just bought it online for my client. seems easy to fill in .
Date published: 2024-02-23
Rated 5 out of 5 by BRIZZY from QUICK AND EASY ONLINE APPLICATION VERY STRAIGHTFORWARD, COMPLETED THE PURCHASE IN LESS THAN 5 MINUTES.
Date published: 2024-02-22
Rated 5 out of 5 by VDesai from GREAT RATE INSURANCE COMPANY I am very happy with terri , as I have same insurance company with my another investment property.
Date published: 2024-02-21
- Landlord Insurance Reviews - page 2
