Landlords

Landlords Insurance

Landlords cover is not just about rent. It covers your liability against personal injury of tenants and also the building and contents.

Even if your property is leased unfurnished you still require small contents cover to insure items such as carpets, dishwashers etc.

Building Cover

If you have a freestanding home that let our you will need to include building cover in your landlords policy

Contents Cover

Whether you have a unit or a home, furnished or unfurnished there is still a need for contents insurance to cover things that are not covered by your body corporate insurance or building insurance.

Rent Cover

Rent Default or Loss of Rent? You should have both depending on the type of lease you are using

Landlords should consider how they can protect their premises, its assets and the income they receive from their tenants.


Landlord building and contents insurance usually covers your building against risks from catastrophes, such as fire, storms and other natural disasters. It will usually include cover for the fixtures such as light fittings, carpets, ovens, stovetops and window coverings.


You can also protect yourself from financial loss caused by damage to your rental property by your tenants or their guests, and loss of income due to unpaid rent.


A landlord’s policy will include accidental damage caused by tenants, theft of your property by your tenants, malicious damage caused by tenants, and loss of rent due to tenants leaving without paying.


Rent Default Cover

Landlord insurance can cover the loss of rent that you might experience because damage has left your property unable to be leased.


If missed rental payments will cause you financial stress, we need to make sure that you have Rent Default cover.


Landlord insurance may protect you from loss of rent due to tenant hardship, which occurs when a court awards your tenant a release from their obligation to pay rent for a certain period of time due to hardship (for example, if they are unable to work due to injury or illness).


Another option under landlord insurance policies includes covering your legal expenses if you have to take action against a bad tenant.


Specialist landlord insurance providers will sometimes even include the cost of replacing locks on the property if your tenant has vacated the premises and has not returned the keys.


Short-stay landlord insurance

If you are a landlord of a short-stay rental property, such as a holiday rental, and your property is professionally managed, you can get a short-stay landlord policy which covers situations unique to holiday properties.


These can include the death or serious illness of a guest and consequent difficulty in subsequent rentals, and failure to give vacant possession when a short stay tenancy is complete.


This will included Air BNB but not all insurers can do this so make sure you tell us!


I have my property with AirBNB what do I need to insure?

If you have not specifically told your insurer your property is listed with AirBNB - or other short term letting sites - you run the risk of your cover being cancelled and claims being declined.

It is important to notify your insurance provider when you are looking at renting your house out to providers such as Airbnb, Stayz, Homeaway, Flipkey and booking.com. The insurance providers see this as short term stay and is a commercial use of property.


There generally will be an increase in premium, and can alter the terms of your cover, such as:

  • Increase in excess
  • Endorsement with a change in scope of you cover (could exclude vandalism)


By having people unknown to you in your property, it opens up potential issues such as:

  • Theft
  • Vandalism
  • Public Liability Claims


National Insurance Brokers Associations CEO, Dallas Booth, feared incorrect cover was "widespread" and urged landlords to review their policies.


The Insurance Council estimates 140,000 houses and apartments listed as short-term rentals over Christmas and summer holidays could be running the risk of “ruining household finances”.

Landlords Quote Request

Please complete the form below and we will contact you shortly with quotes across our panel of insurers.

Landlords Quote Request

Brick \ Concrete
Wood \ Weatherboard
Fibro - no asbestos
Fibro - with asbetsos
Metal
Blueboard
Other
Tiles
Colourbond
Iron
Fibro - no asbestos
Fibro - with asbestos
Concrete
Other
Freestanding House
Unit - if so What Level
Townhouse\Villa
Other
Leased over 6 months
Holiday Let
Air BNB
1
2
3
4
No
Yes
No
Yes
No
Yes
No
Yes
No
Yes
No
Yes
No
Yes
None
Monitored\Back to Base
Local
No
Yes
No
Yes
No
Yes
No
Yes
Yes
No
No
Yes
No
Yes
No
Yes
Yes
No
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