Holiday Rental Insurance

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Loss of Rental Income

Insured Events

Sub-limit

Untenantable (Building)

Loss of rent if your property becomes untenantable due to tenant damage under Section 3 'Building (tenant damage)'.

52 weeks loss of rent per incident, but no more than $50,000 in any one period of insurance

Untenantable (murder/suicide)

Loss of rent when your property becomes untenantable due to murder or suicide, or attempted murder or suicide at the property which results in damage to the property.

52 weeks loss of rent per incident, but no more than $50,000 in any one period of insurance

Untenantable (death of tenant)

Loss of rent when your property becomes untenantable due to the death of a tenant at the building which results in damage to the property.

26 weeks loss of rent per incident, but no more than $25,000 in any one period of insurance

Untenantable (contents)

Loss of rent when your property becomes untenantable solely due to damage to your contents caused by an insured event listed in ’Section 2: Contents’.

6 weeks loss of rent per incident, but no more than $6,000 in any one period of insurance

Prevention of access

Loss of rent when your tenant does not have access to the insured address, because of one of the following incidents:Damage to a building (but not the insured building), strata title property, road or street;
Burst water main;
Bomb threat or bomb damage;
Street riot;
Lift malfunction at the insured address (and tenant has a medical certificate stating they must use a lift);
Emergency services refuse access to the insured building or evacuate your tenant for safety reasons.
Cover will commence 7 days from the date access is first prevented, until access is restored.

52 weeks loss of rent

Failure to vacate

Loss of rent when your tenant fails to vacate at the end of a documented rental booking and does not pay any additional rent required.

26 weeks of rent per incident, but no more than $25,000 in any one period of insurance

Death of tenant

If your tenant or tenant’s family dies unexpectedly during their period of stay.

12 weeks loss of rent per incident, but no more than $12,000 in any one period of insurance

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Contents

Insured Events

Sub-limit

Break-in vandalism or theft

Theft or damage due to theft caused by: an unknown person (e.g. a burglar)

Earthquake or tsunami

Damage caused by an earthquake or tsunami, but excluding damage caused by the actions or movements of the sea.

Electric motor burnout

If the motor in a household electrical machine or appliance burns out or fuses and that motor is less than 7 years old, we’ll help you take care of repair or replacement.

Reasonable costs for motors less than 7 years old

Escape of liquid

Loss or damage caused by the accidental escape of liquid from: Any drain, fixed pipes, drainage and sewage systems (not forming part of a shower cubicle wall, floor or base); Water mains or pipes; Water tanks, aquariums and hot water systems; Gutters; Washing machines, dishwashers, refrigerators or freezers; Other parts of your building designed to contain or carry liquid such as sinks, basins, baths, showers and cisterns.

Fire (including bushfire) or explosion

Flood

The covering of normally dry land by water that has escaped or been released from the normal confines of any lake, river, creek or another natural watercourse (whether or not they have been altered or modified), or any reservoir, canal or dam.

Glass breakage

Glass breakage in free standing furniture such as table tops, dressing table mirrors and wall units.

Impact

Impact by: a falling tree or part of a falling tree including the roots, power poles, TV antennas or satellite dishes, communication aerials or masts, drones, watercraft, aircraft, motor vehicles or trailers, an object falling from a motor vehicle or aircraft, space debris or meteorites.

Lightning

Lightning including power surge caused by lightning.

Oil leakage from any heater

Pet damage

Damage caused by a domestic pet that is owned by the tenant. Reptiles are excluded.

Up to $5,000 per period of insurance (Combined with Building damage)

Riot, civil commotion or public disturbance

Scorching

Damage to carpet caused by cigarettes, irons or hot cooking pots or pans.

Up to $1,000 per period of insurance (Combined with Building damage)

Storm or rainwater

Damage from violent wind, cyclone or tornado which may also include rain, hail or snow.

Tenant Damage

Theft, loss or damage caused by the tenant, the tenant’s family or the tenant’s invited guests.

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Building

Insured Events

Sub-limit

Pet damage

Damage caused by a domestic pet that is owned by the tenant. Reptiles are excluded.

Up to $5,000 per period of insurance (Combined with Contents damage)

Scorching

Damage to bench/vanity tops caused by cigarettes, irons or hot cooking pots or pans.

Up to $1,000 per period of insurance (Combined with Contents damage)

Tenant Damage

Theft, loss or damage caused by the tenant, the tenant’s family or the tenant’s invited guests.

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Other

Insured Events

Limit

Legal expenses

If a loss of rent claim is covered, we will also pay for legal expenses up to $5000 per claim, provided they have been incurred with our prior approval, and are for the purpose of reducing your loss of rent claim or filing a legal defence while the claim is being investigated.

Up to $5,000 per claim

Legal Liability

Our policy covers your legal liability as the landlord for an occurrence which causes death or bodily injury to other people, or damage to other people’s property, up to the limit of $20,000,000.

Up to $20million in legal liability

Emergency Service damage

Damage caused as a result of Emergency Service Personnel entering the property.

Up to $1,000 per claim