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Landlord Insurance Residential tenancy

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
  • Rent reduction

Contents

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

Provides cover for:

  • Tenant Damage
  • Flood
  • Storm or rainwater
  • Escape of liquid
  • Fire (including bushfire) or explosion
  • 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.

Building

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

Provides cover for:

  • Tenant Damage
  • Pet damage
  • Scorching

Additional benefits

  • Legal expenses up to $5,000*
  • Representation costs up to $500*
  • Bailiff/Sheriff fees up to $300 per claim
  • Replacement of locks up to $250
  • Re-letting expenses in excess of the bond up to $500*
  • Removal and storage of goods up to $500
  • Legal liability cover up to $20 million
  • Emergency Service damage up to $1,000

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

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

If your property is managed by a property manager the Landlord Preferred Policy covers permanent or periodic tenancies and includes cover for:

Loss of Rental Income

Hide Detail
Insured Events
Sub-limit
Absconding tenant
Up to 20 weeks loss of rent
Defaulting tenant (by court order)
Up to 20 weeks loss of rent
Defaulting tenant (by termination notice)
Up to 20 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
Hardship
Up to 4 weeks loss of rent
Untenantable property (due to tenant damage to building)
Up to 52 weeks loss of rent
Untenantable property (due to contents damage)
Up to 6 weeks loss of rent
Prevention of access
Up to 52 weeks loss of rent
Rent reduction
Up to 6 weeks reduction of rent

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
Tenant Damage
Flood
Storm or rainwater
Escape of liquid
Fire (including bushfire) or explosion
Break-in vandalism or theft
Pet damage
Up to $2,500 per period of insurance (Combined with Building damage)
Scorching
Up to $1,000 per year (combined with Building damage)
Impact
Earthquake or tsunami
Glass breakage
Lightning
Oil leakage from any heater
Electric motor burnout
Up to $2,000 per claim
Riot, civil commotion or public disturbance

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
Tenant Damage
Pet damage
Up to $2,500 per period of insurance (Combined with Building damage)
Scorching
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 in excess of the bond
Up to $500 per period of insurance
Removal and storage of goods
Up to $500 per tenancy
Legal Liability
Up to $20million in legal liability
Emergency Service damage
Up to $1,000 per claim

The 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 20 weeks loss of rent
Defaulting tenant (by court order)
Up to 20 weeks loss of rent
Defaulting tenant (by termination notice)
Up to 20 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
Hardship
Up to 4 weeks loss of rent
Untenantable property (due to tenant damage to building)
Up to 52 weeks loss of rent
Untenantable property (due to contents damage)
Up to 6 weeks loss of rent
Prevention of access
Up to 52 weeks loss of rent
Rent reduction
Up to 6 weeks reduction of rent

Contents

Show Detail

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

Insured Events
Sub-limit
Tenant Damage
Flood
Storm or rainwater
Escape of liquid
Fire (including bushfire) or explosion
Break-in vandalism or theft
Pet damage
Up to $2,500 per period of insurance (Combined with Building damage)
Scorching
Up to $1,000 per year (combined with Building damage)
Impact
Earthquake or tsunami
Glass breakage
Lightning
Oil leakage from any heater
Electric motor burnout
Up to $2,000 per claim
Riot, civil commotion or public disturbance

Building

Show Detail

Up to $60,000 cover included per year

Insured Events
Sub-limit
Tenant Damage
Pet damage
Up to $2,500 per period of insurance (Combined with Building damage)
Scorching
Up to $1,000 per year (Combined with Contents damage)

Other

Show Detail
Insured Events
Limit
Legal expenses
Up to $5,000 per claim
Bailiff/Sheriff fees up to $300 per claim
Up to $300 per claim
Replacement of locks
Up to $250 per claim
Re-letting expenses in excess of the bond
Up to $500 per period of insurance
Removal and storage of goods
Up to $500 per tenancy
Legal Liability
Up to $20million in legal liability
Emergency Service damage
Up to $1,000 per claim

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 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
Landlord Insurance is rated 4.5 out of 5 by 1523.
Rated 5 out of 5 by from Great Insurance Product I searched the web & found this product the best for what I needed.
Date published: 2020-10-01
Rated 5 out of 5 by from Simple and easy process! Very competitive on price and was easy to sign up and complete over the internet.
Date published: 2020-09-28
Rated 5 out of 5 by from Great LL Protection insurance So glad that Terri Sheer is offering the LL Protection insurance with rent default coverage when most other insurance companies are still not offering. Good times or hard times, Terri Sheer is with us Landlords. Thank you!
Date published: 2020-09-24
Rated 3 out of 5 by from average happy with products but please allows to pay by month by month
Date published: 2020-09-20
Rated 5 out of 5 by from This insurance is easy to arrange and great cover I have all my investments insured with Terri Scheer - great service, prompt claim
Date published: 2020-09-20
Rated 5 out of 5 by from Great insurance products I bought this today and I’m so happy. Hope thing go well in the future so I can continue to insure with Terri sheer.
Date published: 2020-09-18
Rated 5 out of 5 by from Good coverage of benefits. Peace of mind for the l I am so glad that when the policy remainded the same as it was pre-CoVID. Yes the price has increased but that is understandable due to the large amount of claims that would have happened in this period. Glad that the full tenant proprection policy is offereed by TerriScheer where most others are not even offering that.
Date published: 2020-09-18
Rated 4 out of 5 by from GREAT HAPPY WITH IT HAPPY WITH IT HAPPY WITH IT HAPPY WITH IT
Date published: 2020-09-17
Rated 4 out of 5 by from Great simple to purchase and easy to understand. save me lots of time
Date published: 2020-09-15
Rated 1 out of 5 by from Average renewal costs keep on creeping up WHICH MAKES ME UNHAPPY
Date published: 2020-09-15
Rated 5 out of 5 by from Easy process to obtain a new policy The online process for securing a policy couldn’t have been easier. Price & coverage is very competitive.
Date published: 2020-09-14
Rated 5 out of 5 by from Landlord Insurance Thank you for easy to understand policy information and also easy to navigate software.
Date published: 2020-09-13
Rated 5 out of 5 by from Very Comprehensive policy From working in the real estate industry as a property manager, making a claim was a very fast and efficient process. I personally have multiple properties and changed all the landlord polices over to Terri Scheer due to the comprehensive coverage and efficient service provided.
Date published: 2020-09-07
Rated 5 out of 5 by from Able to get insurance when I needed it I'm so happy I was just able to buy a landlord policy. 12 months ago we bought a property and gave out Terri Scheer paperwork to our Real Estate agent to submit on our behalf. Only a few days ago to realise that they hadn't done it and we'd been uninsured the whole time! SO thankful that you guys are taking policies again!
Date published: 2020-09-03
Rated 5 out of 5 by from Very easy to apply Always have been told that I should have it and my agent recommended this insurer.
Date published: 2020-03-26
Rated 5 out of 5 by from Better Insurance product than others Was advised by Realestate Agents to buy this policy
Date published: 2020-03-26
Rated 5 out of 5 by from easy to get a quote Heard from my agent as well as couple of friends, seems a good insurance
Date published: 2020-03-25
Rated 4 out of 5 by from Good product I had previous insurance with terri scheer and happy with the product
Date published: 2020-03-25
Rated 5 out of 5 by from Easy to purchase Simple site to use and easy to pay. Even my husband can use the site, and he is not very tech savvy.
Date published: 2020-03-25
Rated 5 out of 5 by from Easy to use site Simple and easy to buy this product online. Comes highly recommended.
Date published: 2020-03-25
Rated 5 out of 5 by from Excellent insurance product and value for money I had a claim and the insurer have done a great job, understanding my situation and approving the claim in a timely manner,otherwise I would have been in a financial crisis. Great support from the staff. Great value for money.
Date published: 2020-03-25
Rated 5 out of 5 by from Great Product Recommended by a mate, found the online process very easy to follow at a good price.
Date published: 2020-03-25
Rated 5 out of 5 by from Great value I have been searching for landlord insurance product. And this is the best value for money one.
Date published: 2020-03-25
Rated 5 out of 5 by from Easy to understand what’s covered More cover than the previous 2 insurers I looked at, and better breakdown or insured events.
Date published: 2020-03-25
Rated 5 out of 5 by from Good product purchased product to ensure safety of my asset. Great and easy process.
Date published: 2020-03-25
Rated 3 out of 5 by from I have more landlord insurances with terri scheer I have more landlord insurances with terri scheer 8
Date published: 2020-03-25
Rated 5 out of 5 by from Great cover, great product! I was advised to get Terry Sheer insurance for non payment of rent and when I investigated the product, it was great value for money and peace of mind. I will be recommending to others.
Date published: 2020-03-25
Rated 5 out of 5 by from So easy and clear Researched a few other companies and purchased one product today before having Terri Scheer recommended by a managing agent. I went online and was surprised to find that their product was much better for my needs and was focussed well on landlords only. The online process was much simpler, quicker and easier to find what you were actually covered for too and what it would cover. The rent in arrears paid was more generous than the others I'd researched and with a nil excess. Just what you need when things go wrong with a renter which I had some previous experience with. It was just a bit more expensive than the one that I had purchased. I rang the first company and cancelled the policy as I was still in the cooling off period and explained my reasons. (I have to say they were very polite). Very happy.
Date published: 2020-03-25
Rated 4 out of 5 by from Good Product I was thinking about this a few months ago and after my agent told me I decided to go for it
Date published: 2020-03-25
Rated 5 out of 5 by from Terrific Service I have used Terri Scheer in the past whilst working in Real Estate as a Property Mgr and always found them to be reliable and quick to act in any situation so I have chosen them for my investment property.
Date published: 2020-03-24
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