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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.

Landlord Insurance for $1.50 or less per day*

Is your property a holiday rental? View our insurance options here >

Combine with Building and Save+.Find out more >
Buy online and SAVE 5% on your first year's premium+

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 period of insurance, 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 period of insurance (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 period of insurance, 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 Contents damage)
Scorching
Up to $1,000 per period of insurance (Combined with Contents damage)

Other

Show Detail
Insured Events
Limit
Legal expenses
Up to $5,000 per claim
Representation costs
Up to $500 per period of insurance (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 period of insurance (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 period of insurance

Insured Events
Sub-limit
Tenant Damage
Pet damage
Up to $2,500 per period of insurance (Combined with Contents damage)
Scorching
Up to $1,000 per period of insurance (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 4.6 out of 5 by 2361.
Rated 4 out of 5 by from Great insurance products Quite simple application form and easy to follow, proceed efficiently, can add more options and choices if possible
Date published: 2024-01-31
Rated 5 out of 5 by from GREAT QUICK PLATFORM JUST SIGNED UP. BUYING WAS VERY EASY. HOPE TO BE ABLE TO GET SIMILAR EXPERIENCE WHEN MAKING CLAIMS.
Date published: 2024-01-31
Rated 5 out of 5 by from Easy Process The process to apply for Landlord Insurance was super easy.
Date published: 2024-01-31
Rated 5 out of 5 by from Ease of Cover Purchased 30/01/24. Coverage is great and good value
Date published: 2024-01-30
Rated 5 out of 5 by from Straightforward signup Only issue is no other payment option. I would prefer auto debit from the same property account as this property & not a visa payment.
Date published: 2024-01-30
Rated 5 out of 5 by from Landlord Insurance I was pleased when my Managing Agent suggested Terri Scheer's Landlord Insurance. I compared the cover to my previous insurer and decided to proceed with the quote. Peace of mind.
Date published: 2024-01-30
Rated 5 out of 5 by from Easy and Transparent I had to look for new landlord insurance. While going through all the insurance out there, I noticed that lots of them sneakily excluded flooring from their policies and put it into building insurance. Or excluded appliances and all the other things that you would have in a rental apartment leaving the insurances to be worthless and overpriced. Coming across Terri Sheer was a great feeling. The PDS are easy to read and the insurance includes what you would assume to be included in a landlord insurance. What more can you ask for?
Date published: 2024-01-30
Rated 5 out of 5 by from Great insurance product Gives us peace of mind if there is damage by tenants.
Date published: 2024-01-29
Rated 3 out of 5 by from Good Baught just now don't know how we will go and recommend.
Date published: 2024-01-25
Rated 4 out of 5 by from Easy to navigate website and competitive pricing Being a novice to Landlord Insurance, it was refreshing to see how easy Terri Scheer's online portal was to navigate. Moreover, the pricing is competitive to those in the market.
Date published: 2024-01-25
Rated 5 out of 5 by from Very Easy to apply and the price is excellent Great to have this company for my landlord insurance. Have used them because of the great feedback
Date published: 2024-01-22
Rated 4 out of 5 by from Buying Easy process to get details and a quote then to buy insurance.
Date published: 2024-01-21
Rated 5 out of 5 by from Great Insurance Product Just purchsed this policy, very easy to set up. Terri Scheer was a stand out company when seeking this type of coverage.
Date published: 2024-01-17
Rated 5 out of 5 by from Very reasonable insurance product and excellent Great value for money and best competitive price and product
Date published: 2024-01-17
Rated 4 out of 5 by from Simple, easy to use portal Very easy to use insurance portal, quickly gives quotes, but not as easy if want to tailor the quote
Date published: 2024-01-17
Rated 4 out of 5 by from Happy camper Product meets requirements and happy so far will continue to use
Date published: 2024-01-16
Rated 5 out of 5 by from Great insurance product We provide Terri Scheer's landlord insurance details to all our clients
Date published: 2024-01-16
Rated 5 out of 5 by from Just started! Spoke with Matt today and am already confident Terri Scheer will take care of any claims I encounter. Web site is easy to navigate and understand
Date published: 2024-01-15
Rated 5 out of 5 by from Easy & Afforadable landloards Insurance A necessary cost for a landloard, Terri Scheer make it easy
Date published: 2024-01-14
Rated 5 out of 5 by from Comprehensive insurance cover The application process was easy, intuitive and comprehensive.
Date published: 2024-01-12
Rated 4 out of 5 by from Early days Not sure yet. Waiting to see... New customer. Maybe not right time to review. But wished to pay off rental monthly would be great n through the property agent. Would save me the hassle.
Date published: 2024-01-10
Rated 5 out of 5 by from VERY COMPETITIVE INSURANCE COST I TRIED ALL MY USUAL INSURANCE COMPANIES, BUT, TERRI SCHEER WAS THE LEAST COSTLY POLICY.
Date published: 2024-01-10
Rated 5 out of 5 by from Excellent, Third time around with them, no issues ever. Easy to speak with and work with through any issues with the property.
Date published: 2024-01-08
Rated 4 out of 5 by from Sound insurance I have dealt with Terry Scheer in the past and have found them to be very helpful
Date published: 2024-01-08
Rated 4 out of 5 by from Easy to use website Best price recommended to us by broker easy to get online
Date published: 2024-01-08
Rated 5 out of 5 by from Terri Scheer Landlord Insurance For less than the cost of one week's rent, Terri Scheer landlord insurance provides peace of mind knowing that when a tenant leaves on bad terms the landlord is not constantly left out of pocket every time a tenant vacates.
Date published: 2024-01-08
Rated 5 out of 5 by from Excellent Insurance Product Easy to do business and great product. Will recommend to others!
Date published: 2024-01-07
Rated 4 out of 5 by from Great price Cheapest one I found when shopping for landlord insurance.
Date published: 2024-01-05
Rated 5 out of 5 by from Easy purchase Quick and easy purchase but limited payment options offered
Date published: 2024-01-05
Rated 5 out of 5 by from Landlord Insurance Online quote easy to use and understand. Prices good.
Date published: 2024-01-05
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