Why choose Allianz Landlord Insurance?
Up to 30% No Claim Bonus1,2
Pay monthly at no extra cost3
Instant Certificate of Currency
What our Landlord Insurance covers
What Building covers
What Contents covers
What's not covered
- Demolition and removal of your building’s debris
- Professional fees for architects, engineers, surveyors and solicitors
- Costs of complying with any requirements of any statutory authority
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Events our Landlord Insurance covers
- 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
- Accidental breakage of glass
- Malicious acts
- Riots or civil commotion
^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.
Landlord Building replacement calculator
Landlord Contents replacement calculator
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Frequently asked questions
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 choose5
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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 on.
Call us as soon as reasonably possible on 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.
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.
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 .
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.
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- Up to 30% No Claim Bonus
When you take out a new policy, we calculate your No Claim Bonus based on your Landlord Insurance claims history. To qualify for the maximum No Claim Bonus of 30%, Landlord Insurance customers must have had no landlord losses in the preceding three years. However, customers who’ve had claims may still qualify for a reduced No Claim Bonus.
After each claim-free year, the No Claim Bonus applied to your renewal premium will be increased by 10% to a maximum of 30%. However, for every claim you make in a year, the No Claim Bonus applied to your renewal premium will be reduced by 10% to a minimum of 0%.
The No Claim Bonus doesn’t apply to optional Flood cover, if selected, but is applied to Rent Default and Theft by Tenant (if selected).
- 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. No discounts are applied to the optional cover: Landlord Workers Compensation (if available and selected).
- 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.
Available for new policies effective from 13 November 2022 and renewals from 25 December 2022.
- Optional Landlord workers compensation
Only available in ACT, Tasmania and Western Australia. Excludes workers who are working for you in your own business, trade, or profession.
- 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.
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 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.