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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 1121.
Rated 4 out of 5 by from Very good insurance product at competitive price I have just signed up to insurance with TS due to the level of coverage, competitive pricing as well the manageable excesses on the policy.
Date published: 2019-04-09
Rated 5 out of 5 by from Reliable and trustworthy Company with a good produ This is the third property I have trusted to Terri Scheer and I look forward to the continued trust and good cover that they offer on my new Townhouse
Date published: 2019-04-08
Rated 4 out of 5 by from Solid and Reliable I have always had landlord insurance from Terri Scheer and it is always reasonably priced and easy to effect.
Date published: 2019-04-06
Rated 4 out of 5 by from Good LL insurance product I have a current LL insurance with TS, yet have to do a new one online to get the online discount, which I think is silly. Existing customers should be able to access the online price on renewal.
Date published: 2019-04-05
Rated 5 out of 5 by from Easy to work with I have all of my short stay policies with Terri Scheer and on the odd occasion that I have had to make a claim there has never been an issue. I like to know that when the time comes for a claim I won't need to fight for it.
Date published: 2019-04-05
Rated 5 out of 5 by from Great product with many inclusions After reviewing three websites Terri Sheer came out on top for the broad cover and standard inclusions may others list as additional. Clear information is provided about the cover, the website is very easy to use and the price was the best available from my online search.
Date published: 2019-04-05
Rated 5 out of 5 by from So easy and convenient Last minute policy set up was so easy and now it’s in place.
Date published: 2019-04-02
Rated 5 out of 5 by from Easy Quote Very easy to obtain a quote online and great price.
Date published: 2019-04-01
Rated 5 out of 5 by from Great product So simple and easy to purchase, and peace of mind.
Date published: 2019-04-01
Rated 4 out of 5 by from Ok insurance Ok Insurance. I believe this insurance will meet my needs
Date published: 2019-04-01
Rated 4 out of 5 by from This policy was easy to purchase I hope this product is good for us. It was easy to purchase on line. time will tell.
Date published: 2019-03-29
Rated 5 out of 5 by from Good Product Happy with comprehensive policy provided by Terri Scheer previously
Date published: 2019-03-28
Rated 5 out of 5 by from Previous townhouse insured with you -great. PREVIOUS INSURED A TOWNHOUSE WITH YOU VERY HAPPY..
Date published: 2019-03-27
Rated 5 out of 5 by from Insurance policy simplified I bought this insurance tonight after reading the policy worded for a layman, simplified for easy understanding I decided to go for it. It covers more than what other products offer for landlords insurance cover.
Date published: 2019-03-27
Rated 5 out of 5 by from A product for all landlords Obtained original quote over a month ago which was expired. Obtained new quote last night, researched product and purchased product today. All online and so easy. Product is more than comparable to others in the market.
Date published: 2019-03-27
Rated 5 out of 5 by from excellent Purchased online Landlords Insurance, easy and affordable
Date published: 2019-03-26
Rated 4 out of 5 by from New product New to being a landlord. Offers peace of mind and surety.
Date published: 2019-03-25
Rated 4 out of 5 by from It was recomended to me I feel comfortable with my choice at this stage, and I am sure this product will protect my investment
Date published: 2019-03-25
Rated 5 out of 5 by from Great easy to use website with competitive pricing Good product at a competitive price. Great website
Date published: 2019-03-25
Rated 4 out of 5 by from cheap insurance product 2nd time i bought it. I like this product. i will buy it in the future if i need
Date published: 2019-03-25
Rated 5 out of 5 by from landlords insurance Renewed my policy. Very happy with the ease with which this is done online.
Date published: 2019-03-23
Rated 5 out of 5 by from Quick and Simple Even being able to put email address in as lower case, without it reverting to a capital for first letter is refreshing. Used Terri Scheer previously and always good value.
Date published: 2019-03-23
Rated 4 out of 5 by from An Insurance product that we hope will never use This is the 2nd year we have issued with terri scheer and like most insurances, we hope that we never have to make a claim; but if we do, we trust that what it purports to insure, actually does and without any claim process issues. The online quote system is straight forward and the premiums appear industry competitive.
Date published: 2019-03-22
Rated 4 out of 5 by from great just bought it and i am happy with this product .
Date published: 2019-03-21
Rated 4 out of 5 by from Easy application process I booked Landlord insurance. The process was very very easy
Date published: 2019-03-21
Rated 3 out of 5 by from charged more for renewal than new policy Why do you charge more for loyal customers renewing than new policies?! also refused to pay out legitimate last claim under excuse no insurable event but sudden influx of water with storm
Date published: 2019-03-20
Rated 4 out of 5 by from Easy to use website Simple to understand and use the system to take out a policy
Date published: 2019-03-18
Rated 5 out of 5 by from Very good value product Glad we followed the recommendation from on site manager
Date published: 2019-03-17
Rated 5 out of 5 by from Wonderful Service Fantastic Online Service. Excellent value for money. The whole process was easy with a very good and surprising result.
Date published: 2019-03-09
Rated 4 out of 5 by from Great cover for price Shopped around online, and found Terri Scheer to be the cheapest for the cover provided and exccess amount.
Date published: 2019-03-09
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