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CANSTAR - Outstanding Value - Landlord Insurance Australia

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

Contents

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

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

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:

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)
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)

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

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)
Scorching
Up to $1,000 per year (Combined with Contents damage)
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
Tax audit costs
Up to $1,000 per claim
Legal Liability
Up to $20million in legal liability

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

It includes:

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)

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

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)
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 revelant
Product Disclosure Statement.

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.

Find out more