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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 or explosion
  • Storm or rainwater
  • Flood
  • Escape of Liquid
  • Lightning
  • Show more

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 let 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.

For full details of our policies we recommend you read the relevant Product Disclosure Statement.

Details of what's covered

Cover anywhere between $100,000 and $2million

Insured Events
Sub-limit
Fire or explosion
Storm or rainwater
Flood
Escape of Liquid
Lightning
Earthquake
Impact
Accidental glass breakage
Riot or civil commotion
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
Insured Events
Limit
Untenantable
Up to 52 weeks loss of rent (and no more than $50,000 per year for holiday let properties)
Insured Events
Limit
Legal Liability
Up to $20million in legal liability

Cover anywhere between $100,000 and $2million

Insured Events
Limit
Fire or explosion
Storm or rainwater
Flood
Escape of Liquid
Lightning
Earthquake
Impact
Accidental glass breakage
Riot or civil commotion
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
Insured Events
Limit
Untenable
Up to 52 weeks loss of rent (and no more than $50,000 per year for holiday let properties)
Insured Events
Limit
Legal Liability
Up to $20million in legal liability

For full details of our policies we recommend you read the relevant
Product Disclosure Statement.

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
Building Insurance is rated 4.6 out of 5 by 57.
Rated 5 out of 5 by from Great company to deal with Used Terri Scheer for years with no issues and would highly recommend
Date published: 2018-08-09
Rated 4 out of 5 by from Straight forward quote and purchase process I am yet to require assistance under this policy and so its value is currently untested.
Date published: 2018-07-30
Rated 5 out of 5 by from LANDLORD HAPPY WITH THE PRICE AND CONDITIONs. it as easy for me to use and very quick
Date published: 2018-07-16
Rated 5 out of 5 by from Great Insurance product Fast and easy application. Great price and service.
Date published: 2018-07-16
Rated 5 out of 5 by from Excellent Insurance My real estate agent recommended Terri Scheer, and I'm happy that I listened their advice. We had to make a claim recently, but their response and payment was very quick.
Date published: 2018-06-15
Rated 5 out of 5 by from Great service!!! Excellent service. very competitive. love the products and customer service is 5 gold stars!!
Date published: 2018-06-14
Rated 5 out of 5 by from Fantastic Price Terri Scheer were fantastic where their larger competitors refused to even negotiate a better price for us. Vey impressed.
Date published: 2018-06-14
Rated 5 out of 5 by from Great Company I have been with this company for 3 years. So far is good.
Date published: 2018-05-30
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