What is Landlord Insurance?
Your standard home and contents policy won't cover the risks that come with having tenants. Landlord insurance is designed specifically for the gap between what your building policy covers and what can go wrong in a tenanted property.
Bond money rarely covers the full cost of damage, unpaid rent, or legal fees. Landlord insurance exists to fill that gap — and keep your investment income protected.
Costs vary depending on things like your location & weekly rent, but starts from just $1.40/day - great value for such peace of mind.
Insurance Cover Options
Landlord Cover
Building Cover
Combined Landlord & Building Cover
Cover for rent default, tenant damage, contents, and liability — the policy built specifically for property investors.
Protect the structure itself from fire, storm, flood, impact, water damage, and accidental or malicious damage. If your Strata provides building cover, you're unlikely to need this.
Landlord and building insurance in one policy. Complete protection for your investment property and your income.
Landlord Insurance -
What's Covered?
Loss of rent
Up to 52 weeks if your building becomes unliveable for a minimum of 7 consecutive days as a result of insured loss or damage.
Tenant default
Up to 20 weeks rent paid or $17,000 whichever is the lesser if your tenant defaults on their rent or if they refuse to vacate the premises.
Legal expenses
Up to $5,000 towards legal expenses for loss of rent fees claims.
Accidental damage to contents
Up to $70,000 sum insured. Higher limits available.
Malicious acts by tenants
Up to $70,000 for damage to contents and buildings if not insured under the Building section of this Policy.
Deliberate damage
Up to the sum insured for deliberate damage by tenants to contents and building.
Pet damage
Up to $7,500 for damage caused by domestic pets owned by the tenant.
Unlawful substances
Up to $70,000 in one period of insurance for loss or damage caused by chemical contamination.
Accidental damage to buildings
Up to $70,000 if not insured under the Building section of this Policy.
Lock and keys
Up to $1,000 if your keys are stolen to re-key or replace locks on external doors and windows.
Tax audit cover
$5,000 for costs incurred as a result of an investigation or audit for the insured investment property.
Reletting expenses
Up to $500 for reasonable reletting expenses.
Theft, attempted theft or burglary by tenants
Up to $70,000 for loss or damage resulting from theft.
Rubbish removal
Up to $500 for removal of rubbish left by tenants and certain cleaning costs.
Note: Cover limits and sub-limits apply. Full details available in the PDS.
Building Insurance -
What's Covered?
Accidental loss or damage caused by tenants
Up to the sum insured for the building
Locks & Keys
$1000 any one claim, to re-key or replace locks and cylinders on external doors and windows
Malicious acts by tenants
Up to the sum insured for the building.
Removal of debris
Up to 10% of the sum insured for your building
Theft by tenants
Up to 10% of the sum insured for your building.
Professional fees
Up to 10% of the sum insured for your building.
Authority fees
Up to 10% of the sum insured for your building.
Fumigation costs
Up to $5,000 following the death of a person in the building.
Deliberate damage
Up to the sum insured for the building.
Exploratory costs
Up to $5,000 to find the cause of loss or damage.
Solar panels
Up to $2,000 towards a solar heating system if we replace the building
Landscaping, trees, plants and shrubs
Up to $2,000 for the reasonable costs of replacement.
Rainwater tank
Up to $1,500 towards a new tank if we replace the building.
Note: Cover limits and sub-limits apply. Full details available in the PDS.