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Claims: Mon-Fri 8.30am to 7pm AEDT

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 184.
Rated 2 out of 5 by from Price gouging! Why do I continually need to do a new policy for best price?
Date published: 2023-05-26
Rated 5 out of 5 by from insurance building for rental Very Happy with ease of quote and payment method for our rental property
Date published: 2023-04-28
Rated 5 out of 5 by from Easy Landlord Insurance Saved lots of money and was easily able to compare between different Insurers policies to see that Terri Sheer was a great option
Date published: 2023-04-27
Rated 5 out of 5 by from Great Insurance company Was told by a real estate agent that Terri Scheer was a good insurance company.
Date published: 2023-04-13
Rated 1 out of 5 by from Fail to retrieve quote I quoted landlord building and have been provided with a quote number in my email. Yet, when I go to click the "Retrieve Quote" button. The website asked for all the details again as if I have to quote the whole thing again!!!!! Such a waste of my time!!! So unhappy about this trick you guys do????
Date published: 2023-04-12
Rated 5 out of 5 by from Good price I’m happy to have the choice Of insurers and save some cash.
Date published: 2023-04-03
Rated 5 out of 5 by from Very easy to buy and simple to understand I have thankfully not have had to make a claim but just bought the policy for a holiday home and after comparing a few companies Terry Scheer is sooo much better to just understand and buy quickly. I am impressed!
Date published: 2023-04-01
Rated 5 out of 5 by from Easy to Purchase The website is super user friendly. Price is very competitive.
Date published: 2023-03-31
Rated 2 out of 5 by from Strange restrictions The system for renewal of policies is quite bizarre and awkward. It is ridiculous that in order to obtain a 5% discount off the premium, an existing policy holder has to apply for a completely new policy, rather than simply renew the existing policy. Why does an existing customer have to take out a new policy in order to obtain a discount, which is only available on new policies and not on existing ones? There is no incentive for customer loyalty. Also, if renewing online, you have to pay the premium either by debit or credit card and can't do so by BPay. If wanting to use BPay, you have to call the customer helpline and so miss out on a 5% premium discount. Unhelpful and inflexible.
Date published: 2023-03-12
Rated 4 out of 5 by from building insurance Good product, but the discount should be applied to existing customers for renewals.
Date published: 2023-03-11
Rated 5 out of 5 by from Great insurance policy with a great premium I've just purchased the insurance and I'm very happy with the policy and the premium
Date published: 2023-02-13
Rated 5 out of 5 by from Happy Just started to rent my house and friend reminded me about Terri scheer. Was happy with quote wasn’t the cheapest but wasn’t the dearest but policy was better
Date published: 2023-01-12
Rated 5 out of 5 by from Ease of Use & Customer Friendly Bought Insurance over the Internet and easy to understand questions.
Date published: 2023-01-10
Rated 5 out of 5 by from competitive quote and easy to use policy covers all the things require, and very competitive policy quote
Date published: 2022-12-04
Rated 4 out of 5 by from Easy to set up Been dealing with them for a number of years. I have actually never needed (knock on wood)
Date published: 2022-11-02
Rated 5 out of 5 by from Great insurance Have been using Terri Scheer for years and would recommend.
Date published: 2022-10-23
Rated 5 out of 5 by from great price Great price service user friendly, will be getting qoutes on other policys
Date published: 2022-10-12
Rated 5 out of 5 by from Great insurance product I already have a couple of insurance products with Terry Scheer for a number of years and very happy with the service provided. The Terry Scheer team always a pleasure to deal with, they know their products and very helpful and detailed in their information. I lodged a claim for a different property and a lady from the Claims team, Ron (sp?), was really thoughtful and sensitive to us when we were dealing with a difficult tenant. She made us feel like we are real people, answered all our questions and didn't rush us one bit. We were very impressed by her professionalism and thus a very easy decision to buy more products from Terry Scheer.
Date published: 2022-10-09
Rated 5 out of 5 by from Really good and simple Just got terri scheer, much better than all other insurance companies!
Date published: 2022-09-08
Rated 4 out of 5 by from Great Insurance Product Customer Friendly online portal, easy to Navigate and use
Date published: 2022-09-03
Rated 5 out of 5 by from Easy to follow the website for a quote Site was easy to navigate and the quote was very cost effective
Date published: 2022-08-16
Rated 5 out of 5 by from Great insurance product Excellent cover for rental properties. Use this insurance for all my properties.
Date published: 2022-08-04
Rated 5 out of 5 by from Bought on line Easy to navigate with having to enter useless information. Did for my brother
Date published: 2022-08-02
Rated 5 out of 5 by from Great Prices All good so far during purchase of policy, great pricing.
Date published: 2022-08-02
Rated 5 out of 5 by from Easy process and good price Easy process to source information, receive quote and a good price.
Date published: 2022-07-04
Rated 5 out of 5 by from RETURNING CUSTOMER RETURNING FOR BUILDING INSURANCE, VERY HAPPY WITH SERVICE AND PRICE.
Date published: 2022-06-16
Rated 5 out of 5 by from Online quote and application process Very easy and quick online quote and application process. Very competitive rates
Date published: 2022-06-08
Rated 5 out of 5 by from Cheaper than general insurance companies I was slugged an additional $320 increase by a common general insurer. Fed up of paying for their profits and lack of judgement in their insurance decisions I decided to go to TS for specific rental insurance and building insurance which came in $600 cheaper. Money for me in these tough times.
Date published: 2022-06-03
Rated 5 out of 5 by from Monthly Payments would help We own a real estate agency and work with Terry Sheer a lot. The only suggestion is that if monthly or quarterly payments would make the service even better.
Date published: 2022-06-02
Rated 4 out of 5 by from Easy I was easy I did everything a few weeks ago and was to get the quote back and pay
Date published: 2022-05-16
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