We'll cover your lost rent for up to 12 months if your rental building is damaged and can't be lived in following an insured event.
Why choose Allianz Landlord Insurance?
We'll cover your lost rental income4
Pay monthly at no extra cost2
We give you the flexibility to pay annually or monthly at no extra cost
Award-winning insurance
From Insurer of the Year to Excellence in Claims, we’re proud to have won numerous industry awards over the years.
Has your property or its contents been damaged? Making a claim with us is quick and simple. Find out what’s involved and what you’ll need to make a claim.
What our Landlord Insurance covers
Find out what is and isn’t covered under our Landlord Insurance, as well as some optional covers you could be eligible to add to your policy.
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What Buildings covers
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What Contents covers
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What's not covered
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Optional cover
Buildings
Covers your damaged or destroyed buildings, garage, fences, fixed domestic appliances and more. For further details, see the relevant Product Disclosure Statement (PDS).
What’s not covered
These are some of the things that our Landlord Insurance won’t cover.
- no contract is in place for a tenant at least 60 consecutive days before the date of the loss or damage,
- the tenancy agreement expires within 30 days following the event and you don’t have another agreement in place.
- We won’t cover loss, damage, injury or legal liability due to the following:
- Wear and tear including gradual deterioration or lack of maintenance.
- Poor housekeeping by you or your tenant.
- Existing defects, damage, or poor workmanship.
- Pets or domestic animals, insects, birds, or vermin.
- Loss of property which has been simply mislaid or is missing.
- Storm surge, sea level rises, king or high tides.
- Soil movement including erosion, landslide, mudslide, or subsidence, unless it’s directly caused by and occurs within 72 hours of an insured event such as a storm, or flood (where your policy schedule shows you have optional cover for flood).
- Anything your tenant is legally liable for under the terms of a lease, rental or similar agreement.
Optional cover
You can consider adding any of these optional covers to your policy at an additional cost.
This is a summary only of some of the features and benefits available on Allianz Landlord Insurance, as well as some of the exclusions. Before deciding on a policy, carefully consider the relevant Product Disclosure Statement (PDS) and Supplementary PDS (where applicable) which set out the standard terms, conditions, limits and exclusions.
Choose your cover and get your Landlord Insurance quote
Whether you’re after Landlord Building cover, Landlord Contents cover, or a combined Landlord Building and Contents cover, get a quick and simple quote now.
Events our Landlord Insurance covers
Covers the cost of rebuilding or replacing your landlord building and/or contents if you’ve experienced loss or damage caused by the following insured events^.
- Fire or smoke
- Theft, burglary or housebreaking
- Storm, rainwater or run off (not including flood which subject to eligibility may be available under the optional Flood cover)
- Lightning or thunderbolt
- Water or other liquid damage
- Impact damage
- Earthquake
- Accidental breakage of glass
- Malicious acts
- Explosion
- Riots or civil commotion
- Tsunami
^For a full list of events covered by Allianz Landlord Insurance, see the relevant PDS.
Landlord Insurance calculators
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.
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Frequently asked questions
Landlord insurance is designed to cover the cost of replacement or repair needed when certain events occur that damage your residential investment property. It can also cover any contents you provide for your tenant’s use that could leave you out of pocket.
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:
- Your risk profile. We work this out using a number of factors such as:
- Where your investment property is located
- The type of property you’re insuring
- The amount and type of cover you require
- The relevant claims history of your property
- The likelihood of a claim being made on your policy
- The value of the insured investment property and/or contents cover (sum insured)
- Any discounts that may apply
- Any compulsory government charges such as Stamp Duty and GST
- Emergency Services Levies if they apply to the State or Territory where your home is located
- Any other charges we tell you of
- The excess you choose3
Get a quick Landlord insurance quote today!
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.
Our Home Insurance offers cover for your family home and contents. Landlord Insurance is designed for properties where rent is being collected and the policy holder isn't a resident of the property. For full details of the standard conditions and exclusions, refer to the relevant PDS and any supplementary PDS (where applicable).
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:
- You start using any part of your home for business, trade or professional purposes – except for a home office.
- You remove or stop using any security devices that were specifically required by us.
- You carry out any alterations, additions, demolition, repairs to, or decorations of your buildings costing more than $75,000.
- You appoint or terminate a licensed managing agent for the property.
- Your buildings haven’t been lived in, or won’t be lived in, for more than 60 consecutive days.
If you don’t provide this information as soon as reasonably possible, we may refuse or reduce a claim.
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To see some of the events covered and not covered by our Landlord Insurance, refer to our Key Fact Sheets (KFS).
*Conditions apply
- Minimum premiums may apply
Any discounts may be subject to rounding and only apply to the extent that any minimum premium isn’t reached. If you’re eligible for more than one discount, we apply them in a predetermined order. This means the effect of applying any subsequent discount will be reduced. For example, the aggregate effect of applying two discounts consecutively means that you won’t see the full benefit of both these discounts.
Discounts don’t apply to taxes or government charges.
- Pay by instalments
Premiums payable by instalments may be subject to minor adjustments (upwards or downwards) due to rounding, and financial institution transaction fees may apply.
- Option to change your excess
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.
- Rental costs after an insured event
Covers the equivalent weekly rent if your tenants can’t live in 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.
Allianz acknowledges Aboriginal and Torres Strait Islander peoples as the Traditional Custodians of the lands on which we live and work across Australia. We pay our respect to First Nations Elders past and present.
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.