Property investment carries inherent risks - even with finding the right tenant. Landlord Insurance provides cover for a range of events, so you have less to worry about.
Landlord Extras customers
Have you lost rental income as your tenant has been financially impacted by COVID-19 and cannot pay their rent? You may be able to claim under your Optional Landlord Extras cover, see the Landlord Extras COVID-19 claims FAQs to learn more.
Rent default cover
We’re not currently offering Landlord Extras cover, which includes cover for loss of rent due to default by tenants, to new or existing Landlord Insurance customers. There may be other insurance options available to suit your requirements; please refer to the Insurance Council of Australia for a list of alternative providers.
Read the Product Disclosure Statement for full terms and conditions, including limits and exclusions.
What is Building Insurance for landlords?
Building Insurance provides cover against damage to the property’s physical structure in an unexpected event. The cover extends to more than just a residential properties walls, and includes fixtures and fittings such as:
What is Contents Insurance for landlords?
Contents Insurance provides cover for your contents you make available to your tenants, such as:
How much does it cost to rebuild my property or replace my contents?
If your investment property is a strata unit or townhouse, your building insurance may be taken care of by the strata or body corporate and you should contact your strata board for any enquiries. However, if it’s a house, think about what it would cost to rebuild it today using the same type of materials and the same style of fittings and fixtures.
The Building and Contents calculators available through our websites are intended as a guide only. For a more accurate rebuilding cost, consider obtaining a professional valuation from a licensed builder or professional valuer.
Do I need to notify my insurer of any changes to my property?
Many Australians undervalue their assets when it comes to insurance, so it pays to keep your insurance up to date to avoid unexpected outcomes. It is wise to notify your insurer before or as soon as you become aware that your circumstances have changed because you might not be covered unless you notify your insurer. Some of the changes in circumstances that require notification include:
Quote and buy online to save 15% off your annual premium for the first year with promotional code COVER. Plus, 10% when you combine building and contents located at the same address under one policy.*
You can pay for your cover monthly or yearly - whatever suits you and at no extra cost.^
24/7 claims support available online and over the phone, we're there for you when you need us. One of our dedicated Australian claims managers will call you back if we have further questions.
Cover is subject to your application for insurance being accepted.
Product Disclosure Statements (PDS)
^ Premiums payable by instalments may be subject to minor adjustments due to rounding, and financial institution transaction fees may apply.
* Quote and buy online and save 15% off your annual premium for the first year with promotional code COVER. Plus, save 10% when you combine building and contents located at the same address under one policy.
Landlord Insurance is issued by Allianz Australia General Insurance Limited ABN 99 003 719 319, which is a corporate authorised representative of Allianz Australia Insurance Limited ABN 15 000 122 850 AFSL 234708 (Allianz Insurance). Bank of Melbourne – a Division of Westpac Banking Corporation ABN 33 007 457 141 AFSL 233714 arranges the insurance under a distribution arrangement with Allianz Insurance, but does not guarantee the insurance. This information does not take into account your personal circumstances. Read the Product Disclosure Statement to see if this insurance is right for you.