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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 >

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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 $5,000
  • 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 policies commenced or renewed on or after 10 August 2024.

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 under ‘Section 2: Contents’
Up to 52 weeks reduction of rent under ‘Section 3: Building (tenant damage)’

Contents

Show Detail

Up to $70,000 cover included per period of insurance, combined with Building Cover. You can increase your cover up to $110,000.

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 $5,000 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
Reasonable costs for motors less than 7 years old
Riot, civil commotion or public disturbance

Building

Show Detail

Up to $70,000 cover included per period of insurance, combined with Contents Cover. You can increase your cover up to $110,000.

Insured Events
Sub-limit
Tenant Damage
Pet damage
Up to $5,000 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 $5,000 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 under ‘Section 2: Contents’
Up to 52 weeks reduction of rent under ‘Section 3: Building (tenant damage)’

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 $5,000 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
Reasonable costs for motors less than 7 years old
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 $5,000 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 $5,000 per tenancy
Legal Liability
Up to $20million in legal liability
Emergency Service damage
Up to $1,000 per claim

This content applies to policies commenced or renewed on or after 10 August 2024.

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 2559.
Rated 5 out of 5 by from Quick and easy I just purchased a landlords insurance policy. The whole process was quick, easy and affordable.
Date published: 2024-08-22
Rated 5 out of 5 by from Easy, quick, great price! In less than five minutes I was able to take out a policy on my investment property, hassle free and affordable cover!
Date published: 2024-08-22
Rated 5 out of 5 by from Easy process I used the online service to purchase landlord insurance. The process was easy to follow and now I have insurance.
Date published: 2024-08-22
Rated 5 out of 5 by from Best Insurance Product! I work in property management and there are lots of Landlord Insurance Providers out there, but Terri Scheer are the best to deal with. Their claims process is straight forward, their communication is good and the insurance product seems so far to be more comprehensive that their competitors. So, that is why I've chosen to insure with them myself.
Date published: 2024-08-21
Rated 5 out of 5 by from GREAT INSURANCE PRODUCE FROM A FREND, THIS IS GOOD PRODUCT, I AM HAPPY TO TRY
Date published: 2024-08-20
Rated 5 out of 5 by from Great Product easy process Outstanding product and great website very easy to use
Date published: 2024-08-19
Rated 5 out of 5 by from Amazing Phone Centre Experience I called the help line and was sent straight through to a knowledgeable customer service representative. Aliesha answered all of my questions quickly and efficiently. This has been my best experience on the phone with an insurance company. I understand why all of my friends have recommended terri scheer to me!
Date published: 2024-08-19
Rated 3 out of 5 by from Landlord insurance - why is it becoming expensive I am purchasing Landlord insurance based on Agents recommendation. While I think landlord insurance is essential - the minimum amount of coverage has gone up, resulting in a more expensive policy.
Date published: 2024-08-19
Rated 5 out of 5 by from Competative Insurance product The on-line Insurance application was convenient and easy to navigate
Date published: 2024-08-19
Rated 5 out of 5 by from Good! I have another one property covered by terri scheer
Date published: 2024-08-17
Rated 5 out of 5 by from Competitive price with good cover benefit. I purchased Terri scheer insurance as the cover is much better than other competitor.
Date published: 2024-08-15
Rated 4 out of 5 by from Great insurance previous experience with dealing with this company
Date published: 2024-08-15
Rated 4 out of 5 by from Easy and straight forward process Easy and straight forward process which even I could understand
Date published: 2024-08-14
Rated 4 out of 5 by from Good service Easy and simple seem good and not too expensive would recommend to a friend
Date published: 2024-08-14
Rated 4 out of 5 by from shop around every year if you just renew policy it costs more than getting a new one
Date published: 2024-08-13
Rated 5 out of 5 by from Peace of mind Have been using this insurance since 2016. Simple process
Date published: 2024-08-13
Rated 5 out of 5 by from Great price Just purchased easy website to use great price highly recommend
Date published: 2024-08-09
Rated 5 out of 5 by from Easy and fast Process Forgot to get my landlords insurance. 2 minutes and I had it for a good price.
Date published: 2024-08-08
Rated 5 out of 5 by from Excellent Insurance Cover Just Signed up for Landlord Insurance today and feeling so relaxed now knowing our Investment property has full Insurance cover.
Date published: 2024-08-07
Rated 5 out of 5 by from Great insurance I bought this with my first property and now I bought this insurance with my second property.
Date published: 2024-08-06
Rated 5 out of 5 by from Great insurance product Straight forward and easy steps to purchasing landlord insurance also at the cheapest price.
Date published: 2024-08-06
Rated 5 out of 5 by from Easy, Simple and Value for Money Super quick and easy, great value for money and had the quote back in minutes
Date published: 2024-08-06
Rated 5 out of 5 by from easy online approach Very easy application process via online. good advertising material from Nelson Alexander agents.
Date published: 2024-08-05
Rated 5 out of 5 by from Easy to understand and process Well-explained policy and streamlined process. Good reputation for landlord insurance.
Date published: 2024-08-05
Rated 3 out of 5 by from Good Only bought today and was good. yes hopefully is good
Date published: 2024-08-04
Rated 4 out of 5 by from Great Happy and comfort. If the insured amount could be increased by landlord more than $100000 that will be prefect.
Date published: 2024-08-02
Rated 4 out of 5 by from great and easy to do online We used Terri Scheer back in the 1990's and was great, as we had a tenant was 10 weeks behind, made a claim and fix up with in a few weeks!
Date published: 2024-08-02
Rated 4 out of 5 by from Multiple Policy Option & Online Portal I have to register and maintain multiple policies. I need better visibility and maintenance ability.
Date published: 2024-07-31
Rated 4 out of 5 by from Great price I've been with Terri Scheer over the last 3 or 4 years now. No complaints
Date published: 2024-07-30
Rated 3 out of 5 by from xc vbnjmkl;/awsedt5gyhujk vrfgt4yujmio.;azswegtujiolp'[ ]zsdxcfgvtbhyjunmkip
Date published: 2024-07-29
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