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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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Your Investment Property Awards – Landlord Insurance

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 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:

  • Tenant Damage
  • 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 in excess of the bond up to $500
  • Removal of goods up to $500
  • Tax audit costs up to $1,000
  • Legal liability cover up to $20 million
  • Emergency Service damage up to $1,000

*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:

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 for permanent tenancies
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 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
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
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 of goods
Up to $500 per tenancy
Tax audit costs
Up to $1,000 per claim
Legal Liability
Up to $20million in legal liability
Emergency Service damage
Up to $1,000 per claim

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 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 for permanent tenancies
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 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
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
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
Replacement of locks
Up to $250 per claim
Re-letting expenses in excess of the 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
Emergency Service damage
Up to $1,000 per claim

For full details of our policies we recommend you read the relevant
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
Landlord Insurance is rated 4.5 out of 5 by 1373.
Rated 5 out of 5 by from Gives me exactly what I want at a good price I really like the way the online process works , especially it is easily understood and has good backup by phone.
Date published: 2020-01-14
Rated 5 out of 5 by from Easy process to take out a new policy I've used Terri Scheer for the last 10-15 years with my investment properties. I've never had to claim but have found their prices good and process simple to use.
Date published: 2020-01-11
Rated 5 out of 5 by from Great pricing The online application is very easy to use and the quote function was incredibly helpful.
Date published: 2020-01-10
Rated 5 out of 5 by from Well priced and easy to complete on line As first time property investors we were unsure of exactly what was covered under a Landlord Insurance policy but the lovely Customer Service representative patiently answered all my questions over the phone which allowed me to confidently purchase my policy online. It was quick, easy and very affordable.
Date published: 2020-01-10
Rated 5 out of 5 by from Easy application, great price! I have two policies with Terri Sheer already and just added another. So quick and half the price of competitors. Easy online application.
Date published: 2020-01-09
Rated 2 out of 5 by from Need to work on prices and convenience The price of my policy has increased even though I havent made a claim yet also the renewal process was difficult as they did not accept cheque payments and i cannot pay online with credit card
Date published: 2020-01-06
Rated 5 out of 5 by from Competitive Rate I bought this Policy as our other 2 Properties are also with Terri Scheer
Date published: 2020-01-04
Rated 4 out of 5 by from Great Insurance Read policy very good coverage and customer service.
Date published: 2020-01-02
Rated 4 out of 5 by from Good coverage I was able to save money by completing a new quote online rather than pay my insurance renewal when I received it. I was willing to sign on again with Terri Sheer, however found it a little offensive that I was able to purchase the same coverage cheaper. Should do more to retain existing customers.
Date published: 2019-12-27
Rated 5 out of 5 by from Great Insurance Nothing to report because I never used this insurance in the past
Date published: 2019-12-27
Rated 5 out of 5 by from Landlord Insurance Great customer service from Alisa before I purchased on line
Date published: 2019-12-26
Rated 4 out of 5 by from Ease of getting policy Literally just got the policy and asked to complete review. Based on ease of getting policy started.
Date published: 2019-12-26
Rated 4 out of 5 by from Great product Happy with it last year now renewing it. Needing to do Landlord insurance as regular insurance dose not cover certain items.
Date published: 2019-12-24
Rated 4 out of 5 by from Easy to understand and Navigate I hope not to have to use this product, but I understand that the company is usually willing to fairly pay out when claims are made
Date published: 2019-12-23
Rated 5 out of 5 by from Great product easy website Just purchased landlord insurance done most online, then spoke with Joe to confirm some details very helpful and very easy to do.
Date published: 2019-12-19
Rated 5 out of 5 by from So Easy So easy to do so, saving time , no phone call just on line
Date published: 2019-12-18
Rated 2 out of 5 by from Difficult to retrieve existing agreement This is my third year with landlord insurance and I have never been notified of an upcoming expiry or renewal notice. There is also no way of retrieving an online copy of existing agreement or even price paid.
Date published: 2019-12-18
Rated 5 out of 5 by from GREAT INSURANCE I JUST TOOK IT UP, BUT I HAD SOMETHING IN PLACE BEFORE.
Date published: 2019-12-13
Rated 5 out of 5 by from Great Insurance product Very happy that I went with Terri Scheer for my insurance.
Date published: 2019-12-12
Rated 5 out of 5 by from Preferred policy provider Have used services previously and happy with the product
Date published: 2019-12-12
Rated 2 out of 5 by from Pay monthly Instead of just having payment taken yearly you should also have monthly payments at no extra cost
Date published: 2019-12-11
Rated 4 out of 5 by from Easy to navigate online quote and payment Easy to go through online quote and payment process. Just one thing, when paying credit card why do we need to choose visa or master card? I can never remember which one is my card and I don't think the extra question was necessary when paying using either mater or visa card.
Date published: 2019-12-11
Rated 5 out of 5 by from seems like a great product we were recommended to Terri Scheer Insurance. This is our first investment
Date published: 2019-12-10
Rated 5 out of 5 by from Awesome value Tried compare the market first and cheapest option was $300 more than what we just paid. Even though it's cheaper we are covered for more and the excess is about the same as the other products.
Date published: 2019-12-09
Rated 5 out of 5 by from Easy to apply on line, great coverage Terri Scheer was recommended by our agent and get a quote on line was easy and the contact centre is located in Australia.
Date published: 2019-12-09
Rated 5 out of 5 by from great insurance good to see the insurance best price over the other insurance thank you
Date published: 2019-12-08
Rated 4 out of 5 by from Comprehensive & competitive Clear, comprehensive coverage and very easy to purchase. Competitive price too.
Date published: 2019-12-07
Rated 4 out of 5 by from Quote was the actual amount charged Got quotes from other websites - then had to add extras. This was the actual price charged.
Date published: 2019-12-07
Rated 4 out of 5 by from Good experience But, your suburb selection did not recognise my suburb Throsby in the ACT for sending mail
Date published: 2019-12-06
Rated 5 out of 5 by from GREAT INSURANCE PRODUCT I BOUGHT THIS HOME IN JULY 2019 AND I AM SO HAPPY THAT I HAVE COVERED MY HOME WITH TERRI SCHEER
Date published: 2019-12-06
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