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Insurance for your rental property to cover theft, vandalism, fire damage and more.
Insurance for your rental property to cover theft, vandalism, fire damage and more.
Like home insurance, landlord insurance covers your rental property and its contents against risks like storms, floods and fire. It can also cover any damage that tenants cause to your contents – and even loss of rental income.
Building and landlord insurance can also cover holiday rentals and long-term rentals.
The exact cover you can receive depends on the policy that you take out. But to give you an idea, here are some of the benefits a home insurance policy may include:
If you own a rental property, we recommend you have the best landlord insurance to suit your needs.
Without building and landlord insurance, you could lose your valuable investment if it’s damaged or destroyed. You could also lose income from rent if you’re unable to rent it out during repairs, or if your tenants get evicted or break their lease.
Commercial landlord insurance
Commercial landlord insurance is designed to help protect your commercial property that is leased to another business.
Commercial landlord insurance may be able to protect a range of different types of tenanted commercial property including:
Our brokers can also assist with strata insurance and property/landlord insurance for apartments.
Every commercial landlord insurance policy is different. Our brokers can help you compare and tailor a landlord insurance quote to ensure you are adequately covered.
Jane and Mark bought an investment property in Newcastle. They relied on the rent from the property to help cover their mortgage repayments.
One year, they rented the property to some tenants who caused extensive damage to some of the walls, floor coverings and doors – and then left owing 12 weeks’ rent.
Because the property needed repairs, Janet and Ross were unable to rent it out immediately. Fortunately, the couple had taken out landlord’s insurance and included the rent default option*.
They successfully claimed on their insurance to cover their repair costs – and just as importantly, their missing rent. This allowed them to make their mortgage repayments and repair the property quickly so they could get new tenants in.
*Rent default is an optional extra for landlord’s insurance and attracts an additional premium.
Each policy is different but generally, you won’t be covered:
There are other exclusions that our insurance brokers can outline for you. A deductible/excess may apply.
Check limits for certain items
Most policies have maximum amounts on how much you claim for certain items. For example, a limit for individual electrical appliances.
Our brokers can help you compare landlord insurance and tailor a landlord insurance quote to ensure you are adequately covered.
No. Whilst it’s not compulsory to have landlord insurance in NSW, as a landlord you are responsible for any damage and public liability for injury or loss on your property.
An excess is the amount you contribute towards the cost of your claim. The type of excess you need to pay depends on what your claim relates to. In some circumstances you may need to pay more than one excess for your building and landlord insurance.
Our brokers can help compare and explain the myriad of insurance options on the market for you, providing expert advice to implement your chosen plan.
Each policy is different, but generally carpets and rugs are covered as part of contents insurance. Maximum amounts may apply to carpets or rugs that are hand woven or hand knotted.
Our brokers can help you compare landlord insurance and find the best landlord insurance quote to suit your needs.
Each policy is different, but generally you won’t be covered:
In most cases landlord insurance will cover loss or damage to furniture, furnishings and carpet in your property or damage caused by electric motor burnout for appliances.
There may be exclusions which our insurance brokers can outline for you.
Generally, water damage is covered by the landlord insurance. This may include a sudden and accidental event like a burst pipe.
If the damage was caused by carelessness or neglect, such as a leakage occurring for many months without repair, it may not be covered.
Our brokers can help you compare landlord insurance and find the best landlord insurance quote to suit your needs.
Home insurance can protect you if your home is damaged from fire, theft and more.
Choose from a range of motor vehicle insurance options and find the cover that’s right for you.
Farm insurance covers your home and farm buildings, livestock, vehicles, equipment and more.
Call us on 02 4969 8100 or request a call back.
We know that navigating the world of insurance can be complex and confusing. Our brokers compare the myriad of insurance options on the market for you, providing expert advice to implement your chosen plan.
We empower thousands of Australian businesses to focus on what they do best, knowing they’re protected against any possible eventuality.