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Optional Rent Default cover

Landlord Insurance with optional cover for rent default by tenant


The information on this page is for policies starting from 20 July 2025. For customers who started a policy before this date, view the relevant Product Disclosure Statement (PDS). 

Why choose Allianz Landlord Insurance with optional rent default cover?

Cover if a tenant defaults on the rent

We’ll pay loss of rent for up to 15 weeks, or until another tenant starts paying rent, rent resumes or the lease agreement ends. A 10k limit applies per period of insurance.

Reassurance if a tenant leaves without notice

Loss of rent cover for up to 15 weeks, or until another tenant moves in, rent resumes, or the lease agreement ends. A 10k limit applies per period of insurance.

Help with legal expenses

Up to a maximum of $3,000 for each rent default claim, where we’ve confirmed approval.

What does rent default by tenant cover?

As a landlord, rent default may be one of your biggest concerns. A tenant defaults on their rent if they fail to pay the agreed amount on time or at all.  If you rely on your rental income for mortgage payments, property maintenance, or other expenses, this optional cover may be worth considering.

With Allianz Landlord Insurance, you can add optional rent default cover to your policy for an additional cost. 

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

  • Up to 15 weeks of lost rent
  • Maximum of $10,000 of lost rent per period of insurance
  • Up to $3,000 in legal expenses per claim to recover rent owed
  • Default of rent
A tenant defaults on rent payments and fails to make good after you’ve issued the appropriate notices.
  • Departure of your tenant without notice
  • Death of a sole tenant
  • Tenant hardship
Your tenant permanently vacates the property without giving the required notice under the rental agreement. If your sole tenant dies before the end of their tenancy. If your rental agreement is legally terminated by a Residential Tenancies Tribunal or another relevant authority due to tenant hardship or domestic violence.
What's not covered

What's not covered

  • Claims without a written lease or rental agreement in place from the time the tenant lives at the property
  • Expenses that we haven’t authorised
  • Legal expenses without our prior written approval
  • Lost rent if your tenant's rent is in arrears at the start date of the cover and the arrears is not later paid by the time the rent default occurs
  • Claims for the death of a sole tenant if they’d given you or your agent notice before their death
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
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How to add rent default by tenant cover to your policy

You can select the rent default option when you get a quote for Allianz Landlord Insurance.
If you already have Allianz Landlord Insurance, you can pay extra to add rent default cover to your policy. Log in to My Allianz or call our team to update your policy.
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Frequently asked questions

Rent default refers to situations where a tenant fails to pay their rent on time or stops paying it altogether.

Loss of rent after an insured event refers to when your property is damaged by an insured event like a fire or a storm and your tenant can’t live in or access the home.

Our Landlord Insurance automatically covers you for loss of rent after an insured event, like a fire. However, by adding optional rent default cover to your Allianz Landlord Insurance, you can get additional support. This extra cover can help you if your tenants don’t pay the rent, leave without notice, dies or if your lease is terminated under the grounds of hardship or domestic violence. It can also assist you with legal expenses where we’ve confirmed approval.

You can add rent default by tenant cover to your Landlord Insurance for an additional cost. The cost of your insurance is your ‘premium’.

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To see some of the conditions, limits, and exclusions of this cover, refer to our Key Fact Sheets (KFS).
 
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.