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Building Insurance

Our Residential Building Insurance policy covers you for unexpected events that damage your building, such as fire, storm and flood, as well as loss or damage caused by tenants or unknown persons.

Combine with Landlord and Save.+Find out more >
Buy online and SAVE 5% on your first year's premium+

What's Covered

Damage from unexpected events

Protects your property against loss or damage caused by:

  • Fire (including bushfire) or explosion
  • Storm or rainwater
  • Flood
  • Escape of Liquid
  • Lightning
  • Show more
  • 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.

Damage caused by tenants, visitors or unknown persons

Protects your property against:

  • Accidental loss or damage
  • Tenant damage
  • Break-in vandalism or theft

Loss of rental income

Up to 52 weeks

If your building is damaged by an insured event and becomes untenantable for more than 7 days, we’ll cover your loss of rent for up to 52 weeks (and no more than $50,000 per year for holiday rental properties).

Also covers

We cover your legal liability for an occurrence that causes death or bodily injury to other people, or damage to other people’s property, up to the limit of $20 million.

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 relevant Product Disclosure Statement.
The Target Market Determination is also available.

Details of what's covered

Building

Hide Detail

Choose cover between $100,000 and $2,000,000

Insured Events
Sub-limit
Fire (including bushfire) or explosion
Storm or rainwater
Flood
Escape of Liquid
Lightning
Earthquake or tsunami
Impact
Accidental glass breakage
Riot, civil commotion or public disturbance
Oil leakage from any heater
Electric motor burnout
Up to $2,000 per claim
Accidental loss or damage
Tenant damage
Break-in vandalism or thefts

Loss of Rental Income

Show Detail
Insured Events
Limit
Untenantable
Up to 52 weeks loss of rent (and no more than $50,000 per year for holiday rental properties)

Other

Show Detail
Insured Events
Limit
Legal Liability
Up to $20million in legal liability

Building

Hide Detail

Choose cover between $100,000 and $2,000,000

Insured Events
Limit
Fire (including bushfire) or explosion
Storm or rainwater
Flood
Escape of Liquid
Lightning
Earthquake or tsunami
Impact
Accidental glass breakage
Riot, civil commotion or public disturbance
Oil leakage from any heater
Electric motor burnout
Up to $2,000 per claim
Accidental loss or damage
Tenant damage
Break-in vandalism or theft

Loss of Rental Income

Show Detail
Insured Events
Limit
Untenable
Up to 52 weeks loss of rent (and no more than $50,000 per year for holiday let properties)

Other

Show Detail
Insured Events
Limit
Legal Liability
Up to $20million in legal liability

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 relevant Product Disclosure Statement.
The Target Market Determination is also available.

Why Building Insurance is important

You can’t control the weather or other unexpected events like theft or accidents. But you can protect yourself against the loss and damage they cause. Our Residential Building Insurance policy provides cover for the cost to repair damage, as well as the loss of rent you incur whilst the repairs are being undertaken.

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

Home Building Calculator

Estimate the cost to rebuild. This calculator can help you, as the owner of the property, work out the estimated rebuild cost of your residential building and to help you choose your sum insured.

Terri Scheer Home Building Calculator
Building Insurance is rated 4.6 out of 5 by 204.
Rated 5 out of 5 by from Ease of use Terrischeer is Easy to deal with and very helpful.
Date published: 2024-07-18
Rated 5 out of 5 by from policy update This is the best policy for my needs, easy to renew on my terms which is very important to me
Date published: 2024-07-12
Rated 5 out of 5 by from Excellent product and competitive price I just compared the price to other providers and the price was quite competitive - in fact much better than other providers
Date published: 2024-07-10
Rated 5 out of 5 by from Very pleasant and easy experience Very straightforward process to obtain building insurance through Terri Scheer. Also super affordable in comparison to other insurance companies.
Date published: 2024-07-10
Rated 1 out of 5 by from Taking advantage & obscene price gauging! Don't take advantage of existing loyal customers and stop price gauging, an increase in premiums of 23.8% is obscene!
Date published: 2024-07-07
Rated 5 out of 5 by from Great insurance I bought this building insurance today and I feel really safe and secure. Peace of mind.
Date published: 2024-06-30
Rated 4 out of 5 by from Appears to be a good product So far so good. Will need to wait and see how it goes with regards to claims
Date published: 2024-06-18
Rated 5 out of 5 by from Great value! Quoted prices far better than the competition , and online portal rally easy and discounted also
Date published: 2024-05-14
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