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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.

Combine with Building and Save.Find out more >
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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
  • 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
  • Break-in vandalism or 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 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:

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 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)
Rent reduction
Up to 6 weeks reduction of rent

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

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
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 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 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:

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 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)
Rent reduction
Up to 6 weeks reduction of rent

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

Up to $60,000 cover included per year

Insured Events
Sub-limit
Tenant Damage
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 Contents damage)
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 750.
Rated 5 out of 5 by from Easy and simple process Easy and simple process, covers all main concerns and was easy to find the documents
Date published: 2018-06-18
Rated 4 out of 5 by from Easy Easy to navigate the site, peace of mind, reasonably priced
Date published: 2018-06-17
Rated 4 out of 5 by from Little costly and No digital policy document After policy purchase I should receive soft copy of my policy document. You also should provide discount if a person has one insurance with you(currently for 3rd insurance he gets discount)
Date published: 2018-06-17
Rated 4 out of 5 by from Great insurance product Good product and good price for value, it was easy to follow all steps on the internet.
Date published: 2018-06-16
Rated 5 out of 5 by from Great insurance! We have another policy with Terri Scheer and happy
Date published: 2018-06-14
Rated 5 out of 5 by from Excellent Online and phone support excellent. PDS Clear. This is our second investment property with Terry Scheer. Would look forward to hearing about other offers or discounts.
Date published: 2018-06-14
Rated 3 out of 5 by from Good i bought today im happy what i did and good company
Date published: 2018-06-13
Rated 5 out of 5 by from Great Insurance Product Quote was very easy to obtain online with minimal amount of fuss.
Date published: 2018-06-12
Rated 4 out of 5 by from Landlord Insurance Easy To fill out. Policy seems good. Price seems OK. I have used other insurance in the past but thought I would give Terry Scheer a go.
Date published: 2018-06-12
Rated 5 out of 5 by from Great online process The land lord insurance process was simple and easy to use
Date published: 2018-06-11
Rated 4 out of 5 by from Good Insurance value for Money easy to obtain , covers everything
Date published: 2018-06-11
Rated 5 out of 5 by from Fantastic Great cover great prices and easy to set up would highly recommend it
Date published: 2018-06-11
Rated 4 out of 5 by from Easy to use system Easy to obtain the policy online but there is no option to login to keep track of your policies or to opt for email only communication. You can only receive policy documents in the mail. The email to confirm the policy didn't even mention the policy number, just a generic email. When you have multiple policies, this makes it difficult to keep track.
Date published: 2018-06-10
Rated 4 out of 5 by from T It's nice and cheaper than others. Cover more than others too
Date published: 2018-06-08
Rated 4 out of 5 by from Landlord Insurance I have other properties insured with terri scheer and have no problems.
Date published: 2018-06-08
Rated 2 out of 5 by from landlord insurance disparity expensive policy to self managed properties when real estate agents have fixed price of $381 regardless of location etc
Date published: 2018-06-08
Rated 4 out of 5 by from Landlord insurance getting into rental property, I brought to cover me.
Date published: 2018-06-07
Rated 4 out of 5 by from Easy application Really quick and easy sign up process. Great coverage and price.
Date published: 2018-06-07
Rated 5 out of 5 by from Easy Easy to obtain a quote and navigate the website. Easy to understand information and helpful customer service assistants.
Date published: 2018-06-07
Rated 5 out of 5 by from Easy to navigate and use Very affordable for insurance $700 cheaper than our existing insurer
Date published: 2018-06-06
Rated 5 out of 5 by from Really Good Landlord Insurance Great product, Great coverage, Very easy to purchase.
Date published: 2018-06-05
Rated 5 out of 5 by from Quick n easy Just finished buying policy and was easy and cheap thanks
Date published: 2018-06-05
Rated 5 out of 5 by from Easy to use and very competitive price I will be rolling other landlord insurance over because of the instant savings and the simplicity on which to obtain cover. We were recommended by our tax agent who also has investment properties, and then also another financial advisor. Well known and respected name within the landlord insurance industry.
Date published: 2018-06-05
Rated 4 out of 5 by from heard good things Came recommended to me via my agent and for piece of mind happy to pay a reasonable price
Date published: 2018-06-04
Rated 5 out of 5 by from Great Landlord insurance Was a very simple process and the phone call i made helped me understand the process.
Date published: 2018-06-04
Rated 5 out of 5 by from Good to know about this product I rang Commonwealth Bank before they only have building insurance + landlord insurance in package, they don’t have separate one.
Date published: 2018-06-02
Rated 5 out of 5 by from Landlord Insurance Very clear presentation of the policy details on the website and a comprehensive range of benefits offered.
Date published: 2018-06-02
Rated 4 out of 5 by from Tried but not yet tested. Good reviews Easy to purchase online m
Date published: 2018-06-02
Rated 5 out of 5 by from Great Insurance product I have 3 properties insured, easy to understand and affordable
Date published: 2018-06-01
Rated 3 out of 5 by from Why do you insist on posting stuff to me? Look guys, postage is dead. Get with the times and send me the documents by email.
Date published: 2018-05-31
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