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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 4.7 out of 5 by 197.
Rated 5 out of 5 by from Great solution Easy to apply for and easy to understand. A great company to deal with .
Date published: 2024-03-07
Rated 4 out of 5 by from GRETA INSURANCE PRODUCT I PURCHASE FROM THIS COMP FIRST TIME . I RECD GOOD COMMENTS BY WORD OF MOUTH
Date published: 2024-03-05
Rated 5 out of 5 by from A Pleasure doing business with this company So easy and a very very professional company to do business with.
Date published: 2024-03-01
Rated 5 out of 5 by from Great Insurance I am happy with the services offered for our short stay.
Date published: 2024-02-29
Rated 4 out of 5 by from Process from quoting to policy cover Very easy process to get the quote online to making payment
Date published: 2024-02-28
Rated 5 out of 5 by from building insurance I thought the the online process seemed good and easy
Date published: 2024-02-15
Rated 5 out of 5 by from Landlords Compare I spend days comparing landlords insurance and this was the best by far price wise
Date published: 2024-02-13
Rated 4 out of 5 by from Easy quote and apply service Was easy to get a quote. Useful "help" tools and references to make sure you picked the right criteria.
Date published: 2024-02-08
Rated 3 out of 5 by from Best price for what I want...too difficult to buy Product offered the best price. Brokers could not find better for me. Disappointing that monthly payments are not available. This very nearly caused me to forgo the product. Only by putting myself into short term financial difficulty was I able to afford the payment up front.
Date published: 2024-01-31
Rated 3 out of 5 by from Premium high Saw ads on TV and when I asked why my premium was much higher the lady got annoyed at me.
Date published: 2024-01-22
Rated 5 out of 5 by from Awsome piece of mind Value for money and dedicated company for lanlords
Date published: 2024-01-19
Rated 5 out of 5 by from insurance building for rental love the ease of this product purchase and the competitive price
Date published: 2024-01-10
Rated 4 out of 5 by from Easy Process Glad i shopped around this year for our landlord insurance as we have saved a fortune changing over to Terri Scheer
Date published: 2024-01-04
Rated 5 out of 5 by from Great Product Excellent value for money compared to other quotes obtained
Date published: 2024-01-03
Rated 5 out of 5 by from Great product Teri scheer gives great prices for building insurance very happy
Date published: 2023-12-28
Rated 5 out of 5 by from Simple, lots of cover and easy to use I just bought this and I was blown away how easy it was and how good my coverage was
Date published: 2023-12-21
Rated 5 out of 5 by from Great insurance product So happy, great product and would recommend in the future
Date published: 2023-12-20
Rated 5 out of 5 by from Quick and smooth experience. Value and price was my first motive but the online experience was good too. I could not determine my building's construction type though.
Date published: 2023-12-09
Rated 3 out of 5 by from Big Increase From Last Year I bought every year and I noticed its huge difference. I got a quote for $922 last 31st of October and when I tried to pay for it on the 13th of Nov it jumped to $1001 already. I kinda wish I bought straight away but I didn't have enough money to pay. Anyway, I still like to stay with Terri Scheer because it's recommended by our agent.
Date published: 2023-11-16
Rated 5 out of 5 by from Building Insuance I always stick with a industry specific insurance company where I can.
Date published: 2023-11-05
Rated 5 out of 5 by from Great insurance company I have used Terri Scheer before and was very happy with the service. Great company!
Date published: 2023-11-04
Rated 5 out of 5 by from Very helpful phone lady The premium on this policy is what sold me. It has caused me to return to terri Scheer after some years away.
Date published: 2023-09-21
Rated 4 out of 5 by from price increase need to review to stay align with the market, as it goes up every year, yet the market does not.
Date published: 2023-09-18
Rated 5 out of 5 by from Insurance made easy! Terri Scheer is my preferred insurer for my investment properties. Their website and forms are the easiest to follow. You can tell from their simple questioning they know their stuff and are specialists compared to other insurers. Price was unbeatable. Overall, I am extremely happy and will be coming back again and again.
Date published: 2023-09-17
Rated 3 out of 5 by from Good price and flexible sum insured Happy with the price compared to other insurers, but major downside is terrisheer doesn't offer monthly payments as everyone else in the business. It is very difficult for customers to pay year's worth at a one go (3k in my case), so often terrisheer will end up losing potential clients.
Date published: 2023-09-10
Rated 5 out of 5 by from Great online experience Very impressed with service and ease of use of the online platform
Date published: 2023-09-06
Rated 5 out of 5 by from Absolute value for money Terri Scheer has saved me over $2000 per year!! Super easy to navigate through a quote and purchasing was very easy, cover is top of the range and the price is mind blowing!! Thank you
Date published: 2023-08-24
Rated 5 out of 5 by from Landlord Insurance I recently changed to Terri Scheer for the above insurance, they offered a better product as a competitive price.
Date published: 2023-08-20
Rated 5 out of 5 by from Great insurance which is cheaper in market process was easy and also asking for realestate agents name is good to evaluate correctly
Date published: 2023-08-18
Rated 5 out of 5 by from Good experience Thank you so much for a good company, who is reliable.
Date published: 2023-08-04
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