Landlord Insurance

Landlord Insurance

Covers you for tenant-related risks including loss of rental income, and loss or damage by tenants to your building and contents.

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What's Covered

Loss of rental income

Protects you from loss of rental income as a result of scenarios such as those listed below.

Provides cover for:

Absconding tenant
Defaulting tenant
Failure to give vacant possession
Death of a tenant
Hardship
Untenantable property
Prevention of access
Failure to vacate a holiday let property

Protects those furnishings you forget, like curtains, carpets, blinds and light fittings. What contents are covered?

Provides cover for:

Accidental loss or damage
Deliberate damage
Malicious damage
Flood
Storm or rainwater
Water damage
Fire or explosion
Show more
Theft or damage due to theft
Pet damage
Scorching
Impact
Earthquake
Glass breakage
Lightning
Oil leakage from any heater
Electric motor burnout
Riot or civil commotion

Building

Protects your building against: loss or damage caused by tenants, their family or their invited guests. What is building?

Provides cover for:

Accidental loss or damage
Deliberate damage
Malicious damage
Theft or damage due to theft
Pet damage
Scorching

Additional benefits

Legal expenses up to $5,000*
Representation costs up to $500*
Bailiff/Sheriff fees

Replacement of locks up to $250
Re-letting expenses that exceed the tenant’s bond up to $500
Removal of goods up to $500

Tax audit costs up to $1,000
Legal liability cover up to $20 million

*Legal expenses and representation costs are only covered under the Landlord Preferred Policy and Scheer Short Stay Policy.

For full details of our policies we recommend you read the revelant Product Disclosure Statement.

Details of what's covered

I have a property manager
I manage the property myself

If you use a property manager, we have two types of Landlord Insurance policies available. Our Landlord Preferred Policy covers those with permanent tenancies and our Scheer Short Stay Policy covers those with short-term rentals or holiday homes.

Both policies include:

Loss of Rental Income Hide Detail

Insured Events

Sub-limit

Absconding tenant

Up to 6 weeks loss of rent

Defaulting tenant (by court order)

Up to 15 weeks loss of rent

Defaulting tenant (by termination notice)

Up to 6 weeks loss of rent

Failure to give vacant possession

Up to 28 weeks loss of rent

Death of tenant

Up to 15 weeks loss of rent for permanent tenancies; Up to 12 weeks loss of rent (but no more than $12,000 per year) for holiday let properties

Hardship

Up to 4 weeks loss of rent

Untenantable property (due to tenant damage to building)

Up to 52 weeks loss of rent (but no more than $50,000 per year for holiday let properties)

Untenantable property (due to contents damage)

Up to 6 weeks loss of rent (but no more than $6,000 per year for holiday let properties)

Up to 52 weeks loss of rent for permanent tenancies; Up to 26 weeks loss of rent (but no more than $25,000 per year) for holiday let properties

Up to 26 weeks loss of rent (but no more than $25,000 per year)

Contents Show Detail

Up to $60,000 cover included per year, combined with Building Cover. You can increase your cover up to $100,000.

Insured Events

Sub-limit

Accidental loss or damage

Deliberate damage

Up to $500 per claim

Malicious damage

Flood

Storm or rainwater

Water damage

Fire or explosion

Theft or damage due to theft

Pet damage

Up to $500 per claim (Combined with Building damage)

Scorching

Up to $1,000 per year (combined with Building damage)

Impact

Earthquake

Glass breakage

Lightning

Oil leakage from any heater

Electric motor burnout

Up to $2,000 per claim

Riot or civil commotion

Building Show Detail

Up to $60,000 cover included per year, combined with Contents Cover. You can increase your cover up to $100,000.

Insured Events

Sub-limit

Accidental loss or damage

Deliberate damage

Up to $500 per claim

Malicious damage

Theft or damage due to theft

Pet damage

Up to $500 per claim (Combined with Contents damage)

Up to $1,000 per year (Combined with Contents damage)

Other Show Detail

Insured Events

Limit

Legal expenses

Up to $5,000 per claim

Representation costs

Up to $500 per year (with a sub-limit of $300 per claim for engaging a bailiff/sheriff)

Replacement of locks

Up to $250 per claim

Re-letting expenses that exceed the tenant’s bond

Up to $500 per period of insurance

Removal of goods

Up to $500 per tenancy

Up to $1,000 per claim

Up to $20million in legal liability

Our Landlord Preferred Self Managed Policy covers landlords who manage the property themselves.

It includes:

Loss of Rental Income Hide Detail

Insured Events

Sub-limit

Absconding tenant

Up to 6 weeks loss of rent

Defaulting tenant (by court order)

Up to 10 weeks loss of rent

Defaulting tenant (by termination notice)

Up to 6 weeks loss of rent

Failure to give vacant possession

Up to 15 weeks loss of rent

Death of tenant

Up to 15 weeks loss of rent for permanent tenancies; Up to 12 weeks loss of rent (but no more than $12,000 per year) for holiday let properties

Hardship

Up to 4 weeks loss of rent

Untenantable property (due to tenant damage to building)

Up to 52 weeks loss of rent (but no more than $50,000 per year for holiday let properties)

Untenantable property (due to contents damage)

Up to 6 weeks loss of rent (but no more than $6,000 per year for holiday let properties)

Prevention of access

Up to 52 weeks loss of rent for permanent tenancies; Up to 26 weeks loss of rent (but no more than $25,000 per year) for holiday let properties

Failure to vacate a holiday let property

Up to 26 weeks loss of rent (but no more than $25,000 per year)

Contents Show Detail

Cover anywhere between $30,000 and $100,000.

Insured Events

Sub-limit

Accidental loss or damage

Deliberate damage

Up to $500 per claim

Malicious damage

Flood

Storm or rainwater

Water damage

Fire or explosion

Theft or damage due to theft

Pet damage

Up to $500 per claim (Combined with Building damage)

Scorching

Up to $1,000 per year (combined with Building damage)

Impact

Earthquake

Glass breakage

Lightning

Oil leakage from any heater

Electric motor burnout

Up to $2,000 per claim

Riot or civil commotion

Building Show Detail

Up to $60,000 cover included per year

Insured Events

Sub-limit

Accidental loss or damage

Deliberate damage

Up to $500 per claim

Malicious damage

Theft or damage due to theft

Pet damage

Up to $500 per claim (Combined with Contents damage)

Scorching

Up to $1,000 per year (Combined with Contents damage)

Other Show Detail

Insured Events

Limit

Legal expenses

Bailiff/Sheriff fees

Up to $300 per claim

Replacement of locks

Up to $250 per claim

Re-letting expenses that exceed the tenant’s bond

Up to $500 per period of insurance

Removal of goods

Up to $500 per tenancy

Tax audit costs

Up to $1,000 per claim

Legal Liability

Up to $20million in legal liability

For full details of our policies we recommend you read the relevant
Product Disclosure Statement.

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Why Landlord Insurance is important

Landlord Insurance covers you for tenant-related losses. Things like loss of rent due to a tenant breaking their lease or being evicted, or damage caused to your contents by tenants, like drink spills on carpets. Other insurance may not cover these events, and very often, the bond won’t be enough to cover the associated costs.

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.

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What's Covered

Loss of rental income

Contents

Building

Additional benefits

Details of what's covered

Why Landlord Insurance is important

Combine and save

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