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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
Your Investment Property Awards – Landlord Insurance

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

Building

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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

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 let 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 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

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

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 89.
Rated 3 out of 5 by from Easy to understand Policy is well explained, easy to understand. Content policy is less flexible in choosing amount to be insured. Minimum $60,000 is too high for me and it doesn’t allow to choose different excess amount.
Date published: 2019-05-25
Rated 5 out of 5 by from Easy quote via mobile Great and easy way of getting a quote using your mobile
Date published: 2019-05-24
Rated 5 out of 5 by from Great insurance product Good price. Website easy to use.Will be using for my other properties.
Date published: 2019-05-20
Rated 5 out of 5 by from Great price great insurance After comparing price and inclusions this seems like good value.
Date published: 2019-05-06
Rated 5 out of 5 by from Building Insurance. I have other policies with Terri Scheer on other properties.
Date published: 2019-05-05
Rated 4 out of 5 by from straightforward. should have bought the combined insurance outright
Date published: 2019-04-16
Rated 5 out of 5 by from $6900 saving on $500k house Ridiculous quote from same insurance company I have used with the same property for 15 years. Asked agent - recommended TS and one other, got this quote first, happy with it, job done.
Date published: 2019-03-29
Rated 5 out of 5 by from Good policy Easy to use straight forward policy. The consultant was most helpful and attentive.
Date published: 2019-03-04
Rated 4 out of 5 by from Good value building insurance Bought this insurance for my investment property because it represented the best value for the coverage obtained over all the major insurance players.
Date published: 2019-02-28
Rated 5 out of 5 by from Great website, products and process Used the website to get a quote then visited some others and came straight back. Cheapest quote, best cover, least painful process.
Date published: 2019-02-18
Rated 4 out of 5 by from Great product I used Terri Scheer for my first Apartment and am using them again for the second property.
Date published: 2019-02-04
Rated 4 out of 5 by from Easy to apply, and comprehensive cover Easy to get a quote, competitive, and comprehensive cover options.
Date published: 2018-11-30
Rated 5 out of 5 by from Insurance Policies built for Landlords Purchased the products to cover short term rental situations that are self managed
Date published: 2018-11-29
Rated 5 out of 5 by from Simple and competitive. This insurance is better than my current insurance by 15%. Its a reward to look for another quote.
Date published: 2018-11-06
Rated 5 out of 5 by from Terrific product Process of getting the policy was easy and cover is most suitable for my needs
Date published: 2018-11-05
Rated 5 out of 5 by from Great insurance product Happy with insurance. Never claim anything. Will see in future
Date published: 2018-10-15
Rated 3 out of 5 by from good good easy to insure other insuress dont insure landlord insurance
Date published: 2018-10-13
Rated 4 out of 5 by from Purchase insurance Very easy to find my way around the web site. Quote came immediately, could address and move on quickly.
Date published: 2018-09-23
Rated 5 out of 5 by from So far so good Just came across for new insurance after being with one of the “main” insurance companies, who had always became more and more expensive for less coverage
Date published: 2018-09-21
Rated 5 out of 5 by from Great products for our needs We have all our Landlord's policies with Terri Sheer and we're changing over our building insurance policies as well. Great ease to obtain policies, great savings having both landlord and building policies combined - across all policies and savings into the $1000's per annum...
Date published: 2018-09-11
Rated 5 out of 5 by from Great Just did online...SO EASY AND .... only website with relevant options.
Date published: 2018-08-21
Rated 5 out of 5 by from A fairer price! I have one property with Terri Scheer already and have confidence in the company.
Date published: 2018-08-16
Rated 5 out of 5 by from So Easy to Use Very easy to navigate and quick response to telephone enquiry. I just hope the actual product Building insurance for landlords stacks up in the event of a flood!
Date published: 2018-08-16
Rated 5 out of 5 by from Very easy to understand and complete A close friend in Real Estate gave a glowing endorsement so I thought of checking Terri Scheer first and then compare with two others. I did not need to check the others as I found the site very easy to understand so I completed the questions and signed and paid up.
Date published: 2018-08-15
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
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