Landlord Insurance

Insure your investment property and landlord’s contents for insured events such as theft, fire7, storm7, flood7, and malicious damage.

Landlord Insurance

Features include:

  • Cover for your investment property for 12 insured events including fire7, theft, storm7, and flood7.
  • Save up to 10% on your first year's premium when you quote and buy a new landlord insurance policy online1,4
  • Pay by the month at no extra cost 6

Landlord Buildings and Landlord Contents

A residential investment property needs to be appropriately insured. Landlord insurance can give you the confidence that your property will be covered should something go wrong. Allianz Landlord Insurance covers the property and/or the contents you provide for your tenant’s use for loss or damage by insured events.

To help you decide the cover you need, here’s a brief outline of the difference between Buildings and Contents cover.

Landlord Buildings

Designed to cover the physical structures that make up your property, like the house itself, garage, sheds, permanently installed swimming pools and decks.

Landlord Contents

Designed to cover items at your property – from furniture, white goods and removable domestic appliances which belong to you as the landlord and that you have provided for the use of your tenant. It also covers your carpets and window furnishings.

Features and Benefits

The better you understand your policy, the easier it will be if you ever have to claim.

Here is a limited summary of the benefits of a landlord insurance policy. For full details of the standard terms, conditions, limits and exclusions that apply please read the Product Disclosure Statement (PDS), any applicable supplementary PDS before making a decision to purchase the insurance. The Landlord Buildings and Landlord Contents Key Fact Sheets (KFS) also sets out some information about the cover.

Cover for the unexpected

Allianz offers cover for your investment property for out of the ordinary but devastating events such as fire7, storm7, flood7, and burglary.

Cover for flood and/or run-off

Covers loss or damage caused by flood7, run-off, flood water7 combined with run-off and/or rainwater.

Legal liability

Allianz will cover your legal liability up to $20 million for payment of compensation relating to death, bodily injury or illness, and/or physical loss of or damage to property caused by an accident (or series of accidents). If you have contents cover only, it does not cover any legal liability you may incur as owner of the buildings unless the buildings are defined as a lot.

Making your buildings environmentally friendly

If you have buildings cover and your buildings are totally destroyed and need to be rebuilt, in addition to your buildings sum insured, Allianz will pay up to $5,000 (after deduction of any government or council rebates) to help you make the new buildings more environmentally friendly.

Landlords contents

Allianz will pay for repair or replacement of contents you own and provide for your tenant’s use as a result of an insured event.
If you have buildings cover only, Allianz will pay up to the lesser of $10,000 or the remainder of the sum insured after payment of the buildings claim, for certain landlords contents under this additional benefit.

Optional Covers

Apply to add any of these optional Landlord Insurance covers for an additional premium and greater cover.

Optional cover Description
Landlord workers’ compensation cover Cover for the compensation amount you are liable to pay if you employ a domestic worker and they are injured while working for you at the insured address. Only available in ACT, WA and TAS.
Rent default & theft by tenant Option to be covered for loss of rent due to specified rental defaults, up to $10,000 in total for all claims during the period of insurance. 

Cover for loss or damage to your insured buildings or contents caused by theft, burglary or housebreaking committed by your tenant or invitees of your tenant.

Policy Documents and Key Fact Sheets

We do not provide advice based on any consideration of your objectives, financial situation or needs. Terms, conditions, limits and exclusions apply. Before making a decision please refer to the Landlord Product Disclosure Statement (PDS), any applicable supplementary PDS and the Landlords Buildings or Landlords Contents Key Fact Sheets also available for reference.
Landlord Insurance Calculators

It’s up to you to decide the sums insured, and the type and level of cover that you want to take out. People generally want enough insurance to cover the property’s estimated replacement value. If you don’t have enough cover, you could end up having to cover some of the costs yourself.

Remember, Allianz will only pay up to the amount of your loss or the sum insured, whichever is the lesser (subject to the policy terms and conditions) - so you should also be careful not to over insure. That's why we've provided these calculators. They work as guides to help you estimate the replacement value of your landlord buildings and contents.
Value my home
Project an estimate of the full replacement value of your home building.
Value my contents
Project an estimate of the full replacement value of your home contents.
FAQ's

How to make a Landlord insurance claims?

Do what you reasonably can to prevent any further loss, damage, or liability. Tell the police as soon as reasonably possible about any malicious damage, theft, attempted theft, burglary, or loss of insured property. 

Start your Landlord Insurance claim online 24/7. 

Complete the secure online claim form, and a friendly claims representative will contact you as soon as possible to discuss the next steps.  

Alternatively, you can contact the Claims Call Centre on 1300 555 030 to submit your claim. The claims consultant will help you through the home and contents insurance claims process.

Am I covered for Flood?

Flood cover is a Standard inclusion for all Landlord Insurance policies that start from 14 January 2025. 
For Landlord Insurance policies starting before 14 January, flood cover was optional. If you’re a renewing customer, you may be able to continue without flood cover if:
You previously opted out and met certain flood risk criteria, 

  • We weren’t able to offer you flood cover, 
  • We’ve agreed you can opt-out of flood cover as standard. 

For full details of terms, conditions, limits, and exclusions of all our home insurance cover options, please refer to the relevant Product Disclosure Statement any supplementary PDS and Home Buildings or Home Contents Key Fact Sheets.

How do I know if I have optional covers on my policy?

You can apply to add these options to your policy when you start or renew it (or during your period of insurance by contacting Heritage Bank on 13 14 22). If you’re not sure whether you have added these cover options, you can check your policy schedule.

Who is Landlord insurance policy designed for?

This insurance policy has been designed for people who are renting their property out to tenants under a residential rental agreement. 

Contents owned by you (or for which you are legally responsible) and provide for the use of the tenants may also be covered under the policy. 

This policy is not suitable for covering the building or contents of the home you live in. In this regard, we offer a home and contents product that has been specifically designed for homeowners or renters.

For more information on Home and Contents insurance, please visit the home and contents product page.

How should I determine the replacement value of my buildings?

The replacement value of your buildings is not the same as the market value – you do not need to include the value of the land when calculating the buildings replacement value.

How is my insurance premium calculated?

There are several factors that are used to establish the insurance premium of a policy. Visit Understanding premiums to learn more about how insurance policy premiums are calculated.
 
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