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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

Cover anywhere between $100,000 and $2million

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

Cover anywhere between $100,000 and $2million

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 121.
Rated 5 out of 5 by from Good variety ! Has types of insurance others will not help with ie building insurance with short term rentals ! excellant !
Date published: 2022-02-17
Rated 5 out of 5 by from Great practical insurance Good easy quote system with competitive pricing only paying for what you need. Not forced to over insure your property.
Date published: 2022-02-08
Rated 5 out of 5 by from Excellent customer service I've held a landlord policy with Terri Scheer insurance for some years now. I haven't had to make a claim so no comment on that process but to date have found their customer service staff very knowledeable about their product, polite and efficient.
Date published: 2022-02-04
Rated 5 out of 5 by from Good Value Insurance Easy to do online and and good value compared to others.
Date published: 2022-01-28
Rated 5 out of 5 by from Building and Landlord insurance I bought the insurance this week and very happy with the process and the value
Date published: 2022-01-05
Rated 5 out of 5 by from SImple simple process with appropriate information for building insurance
Date published: 2022-01-05
Rated 5 out of 5 by from Easy to do on line Easy to do on line and although i had a question and I called the help line the assistance from Melanie was excellent thank you
Date published: 2021-12-15
Rated 5 out of 5 by from Good prices compared to other Insurances My accountant thought my previous insurance was way too high. I had noticed a big increase and they suggested Terri Scheer.
Date published: 2021-12-12
Rated 5 out of 5 by from Great and easy to insure I have couple of policies and its is very easy to deal with insurance.
Date published: 2021-12-10
Rated 4 out of 5 by from Happy with price Just purchased now seems okay will wait for documentation
Date published: 2021-12-09
Rated 5 out of 5 by from Easy on line process The website is informative and easy to understand.
Date published: 2020-03-21
Rated 5 out of 5 by from Hard to rate insurance until you need it Process of obtaining insurance was easy enough, how easy is it to make a claim is what makes a real insurance company.
Date published: 2020-03-07
Rated 5 out of 5 by from Landlord/Building Insurance I have used Terri for my first investment property and again now. TS has shown exceptional value and service.
Date published: 2020-01-30
Rated 5 out of 5 by from Great and reliable insurance Great and reliable insurance, fast responds, love it
Date published: 2020-01-28
Rated 5 out of 5 by from Easy to follow instructions Hassle-free forms with no confusing questions to answer.
Date published: 2020-01-12
Rated 4 out of 5 by from House Insurance Well priced and comprehensive cover that well suits our requirements.
Date published: 2020-01-09
Rated 5 out of 5 by from Building Insurance Easy to navigate website, quick and very competitively priced.
Date published: 2020-01-07
Rated 4 out of 5 by from best Price and insurance deal for this property I would have bought more policies if they were not more.
Date published: 2019-12-10
Rated 4 out of 5 by from good Change to the bldg date goes only up to 2016. 1969 approx. Also I bought it today at auction. The Mortgage broker is not decided on.
Date published: 2019-11-16
Rated 5 out of 5 by from Value for money, Easy to understand website Value for money insurance
Date published: 2019-11-11
Rated 5 out of 5 by from Landlord Building Insurance Good price (much better than the company I have been with for many years who put the annual premium up $200 in one year despite no claims ever) and the new cover was easy to complete online.
Date published: 2019-11-09
Rated 5 out of 5 by from Fast and easy to obtain quote and purchase online Just went on to their website and was able to easily obtain a quote and purchase there and then. Cover is comparable to all the major insurers and comes with a discount when bundled with our landlord insurance.
Date published: 2019-10-29
Rated 5 out of 5 by from Good Product Choice for Landlords Website was easy to navigate to find the appropriate product/choice of insurance.
Date published: 2019-10-04
Rated 5 out of 5 by from Ideal product Gives us the flexibility in coverage that we were after
Date published: 2019-09-11
Rated 5 out of 5 by from $200 cheaper than other insurance Already have an investment insured with them so received a discount- insurance far cheaper than othe products
Date published: 2019-08-25
Rated 4 out of 5 by from Good service Thought I would try you guys for insurance services
Date published: 2019-08-21
Rated 5 out of 5 by from Best value insurance product very easy to setup Really happy my friends recommended Terri Scheer Insurance as the other companies not even competitive
Date published: 2019-07-28
Rated 4 out of 5 by from A bit painful to renew online I got sent the renewal notice, but seriously, why can't I just log in to renew like most of insurers? I had to go through entering all the details again to ge a new quote, rather than just logging in to the renewal I had been sent. Big time waster for me.
Date published: 2019-07-27
Rated 4 out of 5 by from Landlord insurance Simple and straight forward you don,t have jump through a thousand hoops! I have not yet made a claim so that is why I put 4 stars. As they say the proof is in the pudding. ..
Date published: 2019-07-24
Rated 5 out of 5 by from EXCELLENT VALUE EASY TO ACCESS AND NAVIGATE WITH GREAT VALUE FOR MONEY
Date published: 2019-07-18
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