Next step: cover your property
Make sure your property’s covered from the day you need it to be.
Why Bank of Melbourne?
One less step
Sort out your insurance and banking together.
Flexible payment options
No extra cost to pay by the month so you can better manage your budget.1
All in one place
See your insurance policies next to your bank accounts in the App.2
Comprehensive cover
Insure your investment property for storm damage, floods and bushfires.3
Cover options explained
Landlord Building Insurance
Landlord Building Insurance covers your investment property’s physical structures, fixtures and built-in appliances like hot water systems and air-conditioners. It may be a condition of your investment home loan, unless you’re purchasing a strata property or vacant land.
Landlord Contents Insurance
You can also cover items that you have provided for your tenant like furniture, carpet, appliances – and even the BBQ with Landlord Contents Insurance.
Award winning value
Bank of Melbourne has been recognised with the 2025 Canstar Outstanding Value Landlord Insurance award.
3 important questions about landlord insurance for borrowers
When do I need insurance?
Insurance may be required at different times depending on the property’s location, the type of property and terms of your purchase contract, so it’s important to find out when you might need it.
IMPORTANT: Speak to your conveyancer or lawyer to confirm what applies to your circumstances.
Which insurance do I need?
Use our cover selector to help you find the insurance that’s right for you.
I have insurance, what happens next?
Before your loan can settle, you may need to provide a copy of your building insurance certificate, unless you’re covered by strata or buying vacant land. You can either upload it to online banking or send a copy to your lender. The final steps of the loan application process are:
- Sign your loan documents
- Provide any outstanding information
- Settle and get the keys!
Tools and calculators
Calculators are intended as a guide only.4
Home Building calculator
Estimate the cost to rebuild your house.
Contents calculator
Estimate the cost to replace the contents you provide for your tenants in your investment property.
The Detail
Bank of Melbourne's Privacy Statement is available at bankofmelbourne.com.au/privacy/privacy-statement or by calling 13 22 66. It covers:
- How you can access the personal information Bank of Melbourne holds about you and ask for it to be corrected;
- How you can complain about a breach of the Privacy Act 1988 (Cth) or a registered Code by Bank of Melbourne and how Bank of Melbourne will deal with your complaint; and
- How Bank of Melbourne collect, hold, use and disclose your personal information in more detail.
View the Bank of Melbourne Retail and Business Banking Financial Services Guide and Credit Guide (PDF 161KB)