The information on this page is for policies starting before 14 January 2025.
For Allianz Landlord Insurance policies starting from 14 January, flood cover will be included as standard and is no longer optional. For more details, see the relevant Product Disclosure Statement (PDS).
Our Landlord Insurance covers the cost of loss or damage to your investment property and the contents you provide for your tenant.
You can buy a building-only or contents-only policy, or combine both.
Below is a snapshot of some of our product features, benefits, and exclusions. For the full list of product inclusions and exclusions, we recommend reading the relevant Product Disclosure Statement (PDS).
Legal liability can cover you if a tree on your investment property falls and causes damage to your tenants.
When you take out Landlord Building and/or Contents Insurance, it’s important the amount you’re insured for accurately reflects the cost to rebuild your landlord building and/or replace your contents.
This is because you might have to pay the difference out of your own pocket if you’re insured for less than the replacement value of your landlord building and/or contents.
The cost of your insurance is called a ‘premium’. Your premium will depend on a number of factors and can change each year when you renew your policy. Your premium for each period of insurance will be shown on your policy schedule.
There are a number of factors that determine how your Landlord Insurance premium is calculated, including:
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We‘ll pay rental costs after an insured event as part of your Landlord Insurance policy when you have buildings cover, or the building is part of a strata title development and you have contents cover.
If your building is damaged by an insured event to an extent that the tenant can’t live in it, or access to use your building wasn't possible for a minimum of seven days, we’ll pay for loss of rent on the insured property for the time necessary to reinstate your building, or for which access to the building is denied, or up to a maximum of 12 months, whichever period of time is the lesser.
This benefit is automatically included.
Note that this is different to the optional Rent Default & Theft by Tenant cover which is available to be added to new Landlord Insurance policies which don’t already have this cover. If your policy is up for renewal and you’d like to add this optional cover, contact us on13 1000.
Call us as soon as reasonably possible on 13 10 13 and advise the claims consultant of what has happened. Try to get names and addresses of any witnesses to the event which has brought about the claim. Don't make any admissions of liability and don’t attempt to settle any claim made against you.
If you do, we may reduce or refuse your claim to the extent we’re prejudiced. The claims consultant will advise you of what steps you need to take and will help you through the Landlord Insurance claim process.
Landlord Insurance covers you against financial losses associated with the damage or loss of the residential investment property you own. Landlord insurance isn’t a legal requirement, but if you have a mortgage on your property, most banks and mortgage lenders require you to purchase Landlord Buildings insurance as security to safeguard themselves against financial risk caused by unexpected damage or loss to your property.
Lenders may require you to list them as an interested party when buying insurance and may also request proof of insurance (Certificate of Currency) before the loan is finalised or for each year your mortgage is held with them.
To request a Certificate of Currency for your existing Allianz Landlord Insurance policy, call us on 13 1000 or log onto My Allianz.
If you choose to get both your investment building and the investment contents you’ve provided for your tenants’ use covered with us, you can do so with the convenience of having them on the one Landlord Insurance policy. This means you get the great benefits of our Buildings cover and Contents cover, and only have one policy number.
Additionally, if you need to make a claim for both your building and your contents due to the same insured event, you’ll only need to pay one excess. Here’s an example of how your combined Landlord Buildings and Contents policy could work:
Disaster strikes and your investment property’s building, as well as the contents inside it that you’re responsible for as a landlord, have been totally destroyed by an insured event. Where we’ve agreed to accept your claim, you’ll only need to pay one excess.
With your building insurance, we’ll pay the cost to rebuild your building which has been completely destroyed and also pay up to $5,000 (after deduction of any government or council rebates you’re eligible for) to make your property more environmentally friendly, e.g. by installing any combination of a rainwater tank, solar power systems, hot water heat exchange system, and grey water recycling system.
We’ll also replace your contents that you’ve insured with us up to the policy limits, like your carpets, curtains, furniture, and household goods, including utensils and domestic appliances that you’ve supplied for your tenants’ use.
Unless we state otherwise in the PDS, when you make a claim under the policy, you’ll need to pay an excess as a contribution towards your claim.
Charging an excess also helps to keep the cost of premiums down by reducing the number of small claims. The amount and type of excess you have to pay will be shown in your policy schedule or in your PDS.
For full details of conditions and exclusions, refer to your policy schedule or the relevant PDS and any supplementary PDS (where applicable).
If you live in your main residence and rent out your granny flat to tenants, cover isn’t available under an Allianz Home Insurance policy. You may wish to consider an Allianz Landlord Insurance policy to cover your granny flat.
Where your granny flat and your main house are both rented out to the same tenant, you’re covered on the one Landlord Insurance policy. The sum insured for your granny flat will be included in the sum insured for the main house.
However, if your main house and granny flat are rented out to two different tenants, you’ll need to take out two separate Landlord Insurance policies.
You must tell us as soon as reasonably possible if, during the period of insurance:
If you don’t provide this information as soon as reasonably possible, we may refuse or reduce a claim.
Your buildings or landlord's contents can be covered for flood-related damage if you take out optional Flood cover, subject to eligibility.
To find out if you’re eligible for Flood cover, get a quote online or call us on 13 1000.
If you currently hold a policy and would like to find out whether your Landlord Insurance policy currently has Flood cover, you can log onto My Allianz to check your policy documentation or call us on 13 1000.
Covers the equivalent weekly rent if your tenants can’t live in or access your investment property for at least seven days due to damage caused by an insured event. We’ll pay for your loss of rent on the insured property for the time necessary to reinstate your building, or for which access to the building is denied, or up to a maximum of 12 months, and whichever period of time is lesser. Applicable only when you have building cover, or if the building is part of a strata title development and you have contents cover.
Premiums payable by instalments may be subject to minor adjustments (upwards or downwards) due to rounding, and financial institution transaction fees may apply.
Covers up to 10% of your Buildings or Contents sum insured. We’ll first pay up to the balance of any buildings or contents sum insured remaining (as applicable) after we’ve paid your claim for loss or damage to your buildings or contents. We won’t include any such payment when calculating the maximum amount. You're covered for building debris removal if you have Buildings cover and for contents debris removal if you have Contents cover.
Not available with respect to any additional compulsory excess, or to the imposed excess applied to the policy. Any reduction in premium will not be applied to government taxes and charges, or to optional covers (if available and selected): Landlord’s Workers' Compensation, or Flood. Minimum premiums apply.
Any advice here does not take into account your individual objectives, financial situation or needs. Terms, conditions, limits, and exclusions apply. Before making a decision about this insurance, consider the relevant Product Disclosure Statement (PDS)/Policy Wording and Supplementary PDS (if applicable). Where applicable, the PDS/Policy Wording, Supplementary PDS and Target Market Determination (TMD) for this insurance are available on this website. We do not provide any form of advice if you call us to enquire about or purchase a product.
Allianz Australia Insurance Limited ABN 15 000 122 850 AFS Licence No. 234708 is the insurer of any general insurance products offered, and Allianz Australia Life Insurance Limited ABN 27 076 033 782 AFS Licence No. 296559 is the insurer of any life insurance products offered. Each entity is responsible for any statements and representations made about its products, on this website.
