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This information is for customers who buy a new policy. Our policies have changed over the years, so your cover may differ based on when you first purchased it. Visit our policy page for more information.

What does Landlord Insurance cover?

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).

What's covered

What's covered

  • Theft or burglary
  • Fire, smoke, bushfires and grassfires2
  • Storm, cyclone2 or rainwater
  • Flood and/or run-off2
  • Lightning
  • Sudden escape of liquid
  • Impact damage
  • Earthquake or tsunami
  • Breakage of glass or ceramic items
  • Vandalism or malicious damage
  • Explosion
  • Riot or civil commotion
What's not covered

What's not covered

  • Property not lived in for over 60 days without written agreement
  • Wear and tear or existing defects
  • Poor housekeeping from tenants

Allianz Landlord Insurance benefits

A smiling woman seated in a living room setting reading a book and holding a hot beverage in one hand
  • Lost rental costs
  • If an insured event damages your investment property, we’ll pay the weekly rent for a maximum of 12 months if your tenants can’t live there.3
  • Legal liability cover
  • We’ll pay up to $20 million if you’re found liable to pay compensation to someone due to accidental death, injury, illness, or damaged belongings, at your investment property.
  • Repair, rebuilding, or replacement
  • We’ll pay the reasonable cost of repairing, rebuilding, or replacing your buildings or contents if they’re damaged by an insured event.
  • Replacement of locks or cylinders
  • If your keys are stolen, we’ll help with up to $2,000 of the costs to replace your locks or cylinders for any external doors or windows.
Legal liability can cover you if a tree on your investment property falls and causes damage to your tenants.

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.

Read PDS

Upgrade your cover

Consider adding these optional benefits to your policy for an additional premium and greater coverage.

Rent default by tenant 

Covers up to $10,000 of lost rent during the period of insurance caused by listed rent default events. Other limits apply.

Learn more

Motor burnout

Covers electrical current damages to your property’s electrical motors, such as your air conditioning unit, if they’re under 10 years old.

Learn more

Rebuild safety net

Provides up to an additional 30% of your buildings sum insured if your sum insured is exceeded due to damage caused by an insured event.

Learn more

Why choose Allianz Landlord Insurance?

We'll cover your lost rental income

If your rental is damaged and unliveable after an insured event. Limits apply.3

Limits: Up to a maximum of 12 months. If you have buildings insurance, we will cover up to an additional 10% of your buildings sum insured. If you have contents insurance and your property is in a strata title development, we can cover up to an additional $25,000.

24/7 claims support

You can make a claim online or call 13 10 13 for claims service 24 hours, 7 days a week.

Pay monthly at no extra cost

We give you the flexibility to pay annually or monthly at no extra cost.4

Award-winning insurer

We’ve been commended by ANZIIF and Money Magazine as Insurer of The Year Finalist, with our Claims recognised by Insurance Business and Mansfield Awards.

See our awards
Australian Insurance Industry Awards ANZIIF Highly Commended 2025 badge and Money magazine Award badge
Insurance Business 5-Star Claims badge and The Mansfield Awards 2025 Personal Lines badge

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.

Learn more

Landlord Insurance calculators

Make sure your Landlord Insurance covers the full cost to rebuild the property and replace any of your contents at the property.

You might have to pay the difference out of your own pocket if you’re insured for less than the replacement value of the building and contents you keep at the property.

Landlord Building replacement calculator

Value your home

Landlord Contents replacement calculator

Value your contents

Landlord insurance for strata units

If you pay strata fees and live in a unit, you probably don’t need a separate landlord building insurance – unless they tell you otherwise. Your strata insurance typically covers the building structure (walls, roof and shared areas).

However, you may want to consider landlord contents insurance instead. This covers:

  • Fixtures and fittings within your unit (e.g. carpets, curtains, internal light fittings)
  • Contents you’ve provided (e.g. a fully furnished apartment)
  • Appliances you’ve provided (e.g. dishwashers, air conditioners)
  • Loss of rent if your property becomes uninhabitable due to an insured event
  • Tenant-related damage (malicious, or theft)
  • Legal liability as a landlord (if someone is injured in your unit)
Summary
Type of cover
"Landlord insurance shouldn't be a set and forget. Review every year to make sure your cover still works for you. For example, has your property’s sum insured increased? Do you have new items you need to insure?"
Sujay Gangadharan, Allianz Home Insurance Product Lead

Ready to get started?

Want to learn more?

See our ideas and insights for managing your investment property.

Property maintenance tips for landlords

Easy ways to prevent damage and deterioration at your property.

Read article
Heterosexual middle-aged couple seated leaning against a wall in casual conversation holding coffee mugs

How much should I insure my property for?

Find out how to calculate the cost of rebuilding your property.

Read article

Preventing house electrical fires

Get tips on what to look out for and how insurance can help.

Read article

Frequently asked questions

Costs and requirements

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.

There are several 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 the people being insured
    • 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 choose within a given range5

Landlord insurance isn’t a legal requirement. If you have a mortgage on your property though, most mortgage lenders require you to purchase Landlord Buildings insurance.

Lenders often request proof of insurance (Certificate of Currency) before the loan is finalised.

To request a Certificate of Currency for your existing Allianz Landlord Insurance policy, call us on 13 10 00 or log onto My Allianz.

Yes, landlord insurance premiums are generally tax deductible according to the Australian Taxation Office (ATO). This includes premiums paid for building and contents.

Everyone’s situation is different, so it’s a good idea to speak with a registered tax agent to understand what applies to you.

The excess is your contribution towards the cost of your claim. Paying an excess helps to reduce small claims, which can cost insurers time and money to process. By cutting down on these costs, insurers can keep your premiums lower.

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.

Coverage

Landlord insurance is a type of insurance tailored to cover investment properties. It covers different risks that you face as a landlord. These include lost rental income, property damage, and liability issues.

You can typically buy a landlord building-only or landlord contents-only policy, or you can combine both.

Home insurance is designed for people who live in the property full-time. It usually covers:

  • The building and your personal belongings

Landlord insurance is designed for people who rent their property out to a tenant. It usually covers:

  • The building and any contents you provide (but not your tenant’s belongings)
  • Loss of rent because of damage from an insured event
  • Legal liability if a tenant is injured
  • Extra cover for things like tenant damage

Like many insurers, we don’t offer home insurance for investment properties. This is because they come with different risks, like rent not being paid or the property being left empty.

Allianz Landlord Contents Insurance can cover fixtures, fittings, or improvements in a strata unit. This applies when they aren’t covered by your building’s strata insurance.

This can include:

  • Kitchens or bathrooms
  • Built-in wardrobes
  • Built-in appliances, like ovens and rangehoods

For example, if your kitchen is damaged by an insured event, landlord contents insurance can cover you.

However, building issues, such as a leaking pipe behind the wall, is typically covered by strata. Strata insurance only covers issues within common property. Check with your strata manager to confirm.

Yes, fences are often covered. We cover fences as part of your Building Insurance cover.
Some specialist policies may cover you, but many standard policies don’t. Allianz Landlord Insurance doesn’t currently cover short-term rentals or Airbnb.

We’ll cover rental costs after an insured event under your Landlord Insurance policy if you have Buildings cover. We’ll also cover you if the building is part of a strata title and you have contents cover.

If the building is damaged by an insured event and your tenant can’t live there, we can pay for your lost rent. This will continue until the building is fixed, access is restored, or for up to 12 months – whichever period is shorter.

If you have Buildings Insurance, we’ll cover up to an additional 10% of your buildings sum insured. If you have Contents Insurance and your property is in a strata title development, we can cover up to an additional $25,000.

Insured events include:

  • Theft, burglary, or housebreaking
  • Fire or smoke
  • Malicious acts
  • Storm or rainwater
  • Flood and/or run-off
  • Water or other liquid damage
  • Accidental breakage of glass

Always read the product disclosure statement for the full list.

Some insurers also offer rent default cover. This can help if your tenant stops paying rent. You can add Rent Default cover to your Allianz Landlord Insurance policy for an additional premium. It’s available with both Building and Contents cover.

Allianz Landlord Insurance covers you for malicious or intentional damage caused by tenants. This can include covering lost rent if your property becomes uninhabitable due to the malicious damage by the tenant.

However, Landlord Insurance doesn’t cover you for accidental damage by your tenant. You’re covered if your tenant accidentally breaks glass or ceramic items though. Damage caused by negligence isn’t covered. For example, if a tenant spills something on the carpet or makes a hole in the wall.

Find out more about what is and isn’t covered by Allianz Landlord Insurance.

Property types and responsibilities

You have a choice of landlord building insurance, landlord contents insurance or you can combine both.

Building insurance covers the structure itself (like walls, roof and fixtures). Contents insurance covers items you’ve provided inside the home.

Yes, standard home insurance won’t cover an investment property. You’ll need landlord insurance.
The landlord pays for building insurance as the property is your responsibility. Tenants may want to get contents insurance for their belongings.

You may want to add contents insurance cover to your policy if your property is fully or partially furnished. This can include:

  • Furniture
  • Curtains or blinds
  • Appliances like fridges or washing machines
  • Carpets or rugs

Yes, it’s possible. If you don’t do regular inspections and something goes wrong, like a slow leak, the insurance company might deny your claim. Regular home maintenance checks help catch small problems before they turn into big ones.

As the landlord, you’re responsible for ongoing maintenance.

For example, if you don't clean the gutters, water can back up and damage the roof or walls. Insurance usually won’t cover damage caused by poor upkeep, so staying on top of maintenance is important.

Wear and tear means the normal ageing and use of things in the home. This includes faded paint, worn carpets or small cracks in the walls.

Landlord insurance doesn't cover wear and tear. Insurance helps cover sudden damage, like from a fire or theft. It doesn't cover the slow wear of everyday items.

We're here to help

Explore our Help page for questions about your policy, claims, payments, and more. If you need to reach us, we're ready to connect.

Visit Help and contact

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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

  1. You must have a valid rental agreement and collected all bond monies. We’ll pay for loss of rent up to 15 weeks, or you get another tenant, payment of rent recommences or rental agreement ends. Up to a maximum of $10K per period of insurance for listed rent default events.
  2. 72-hour exclusion

    We may not provide cover for any loss of or damage to your property caused by cyclone, flood, flood water combined with run-off and/or rainwater, grassfires and bushfires during the first 72 hours after you first purchase a policy or increase your cover under an existing policy. Refer to PDS for when exclusion periods apply.

  3. Loss of rent after an insured event

    Covers the equivalent weekly rent if your tenants can’t live in your investment property or the property cannot be accessed. 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, whichever period of time is lesser.

    If you have buildings cover, we will pay up to an additional 10% of your buildings sum insured. If you have contents cover, and your building is part of a strata title development, we will pay up to an additional $25,000.

  4. 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.

  5. Option to change your excess

    Not available with respect to any additional compulsory excess, any imposed excess applied to the policy, or to the Rent default by tenant excess (if Rent default by tenant is available and selected). Any reduction in premium applies to buildings and contents and all optional covers except to optional Rent default by tenant (if available and selected) and doesn't apply to government taxes and charges, or to the Legal liability component of the premium. Minimum premiums may apply.

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.