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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 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
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
Rated 5 out of 5 by from Easy to complete insurance policy over the net The process of appling for the insureance was so fast and easy.
Date published: 2018-04-18
Rated 4 out of 5 by from Easy Process A comprehensive and cost effective product delivered in a no-nonsense, easy to use process.
Date published: 2018-04-16
Rated 5 out of 5 by from Easy to understand cover We have several properties insured with Terri Sheer and have always found our dealings with staff pleasant, professional and efficient.
Date published: 2018-04-11
Rated 5 out of 5 by from EASY PROCESS AND GOOD PRODUCT I PURCHASED THE BUILDING INSURANCE FOR OUR RENTAL PROPERTY. EASY PROCESS AND VERY GOOD PRICE.
Date published: 2018-03-26
Rated 5 out of 5 by from Reliable insurance at a reasonable price This is the third insurance policy that I have bought with Terri Scheer.
Date published: 2018-03-20
Rated 4 out of 5 by from . product is the best available for landlord building insurance - covers all the basic Mostly the premiums are competitive for the quality of cover.
Date published: 2018-03-18
Rated 4 out of 5 by from Policy seems good & fair More properties to cover when they come due later maybe?
Date published: 2018-03-15
Rated 5 out of 5 by from Amazing claims resolution and great price I've had landlord insurance and made a claim last year, as my tenants had trashed my house. Terri Scheer were nothing but amazing in the claims process, they were one step ahead of me the whole time, I never had to call them to prompt the process. I've now taken out a building policy too, which was about $500 less than my current insurer. Given the no choice for monthly payments is inconvenient for me, I prefer monthly, I would still highly recommend them and their service! Thank you
Date published: 2018-03-13
Rated 5 out of 5 by from Easy process & links with your current policies Very easy booking process and the system links with your current policies once you supply the address/es.. Competitive prices and options for cover.
Date published: 2018-03-13
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