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Renters Insurance

Contents insurance for renters
Our Renters Insurance helps cover the cost of loss or damage to your contents at your rental home

Renters insurance provides contents insurance for renters. It’s designed to help cover the cost of loss or damage to the contents at your rental home as a result of an insured event. Renters insurance can provide cover for your furniture and appliances to electrical goods and your BBQ, and even clothes, shoes and handbags.

Renters insurance covers the cost of repair or replacement of your contents when loss or damage is caused by break-ins, fires, natural events such as storms and bushfire3, impact damage such as a fallen tree, as well as accidental breakage of glass and more.

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.

 

Find out what is and isn’t covered under our Renters Insurance, as well as some optional covers you can buy.

  • Legal liability cover
  • Up to $20m legal liability cover. Provides cover for if you’re found liable to pay compensation to someone because you’ve accidently injured them or damaged their property during the period of insurance.
  • Alternative accommodation

    If your contents are damaged by an insured event during the period of insurance to such an extent that your home can’t be lived in, we’ll pay for temporary accommodation costs. This will be calculated based on your building’s rentable value prior to the damage, up to 10% of the contents sum insured for up to a maximum of 12 months. We’ll also pay up to $500 for your pets in a commercial boarding establishment.

    This is a benefit we pay in addition to your contents sum insured. No excess applies to this benefit.

  • Emergency contents storage
  • If your home can’t be lived in as a result of damage by an insured event, we’ll reimburse the reasonable costs to move and store your undamaged contents for the time necessary to repair or rebuild your dwelling, or until you find alternative accommodation, for a maximum of 12 months.

    The maximum we’ll pay is the balance of your contents sum insured, after we’ve paid any claim for damage to your contents.

  • Moving house cover

    If you have Contents cover and you’re moving house, we'll cover your contents both at your new and old address for up to 14 days after you first start to move. However, we won’t cover your contents while they’re in transit.

  • Debris removal

    Covers the reasonable costs to remove your  contents that have been damaged or destroyed by an insured event. Covers up to 10% of the contents sum insured.

  • Vet costs

    If you’ve insured your contents and your cat or dog is injured in a road accident, we’ll pay up to $500 in any one period of insurance for related veterinary expenses. No excess applies.

  • Food or medicine spoilage

    If your fridge or freezer breaks down and you lose perishable food or medicine, we'll pay for them to be replaced. If the spoilage is due to a natural disaster, the most we’ll pay is $500.

  • More than three unrelated residents
  • Doesn’t cover more than three unrelated people living in your home.

  • Certain items while in use
  • This includes loss or damage to the following items while they’re being used: sporting equipment, bicycles and watercraft.

  • Loss or damage caused by flooding
  • Unless your schedule shows that you’ve added the flood cover option to your policy.

  • Some high value items
  • These may only be covered up to a certain specified limit, unless you provide details and list the item on your policy.

  • Portable Contents
  • Covers loss or damage to your portable items (such as wallets, glasses, jewellery, cameras and mobile phones4 caused by theft or an accident Australia-wide or anywhere in the world when you’re temporarily outside Australia for up to 120 days. 

    There are two cover types to choose from – listed and unlisted contents.
  • Flood
  • Covers you for loss or damage to your contents caused by flood and certain flood-related events. Optional flood cover may not be available in some areas.

    Note: We don’t provide cover for any loss of or damage to your property caused by cyclone, flood, grassfire and bushfires during the first 72 hours after you first take out or increase the cover under the policy.

  • Accidental Damage
  • Covers you for accidental damage caused by sudden, unforeseen and unintended events, not just the specified insured events. This option automatically includes Motor Burnout.
  • Motor Burnout
  • Covers you if an electrical current damages your domestic household electrical motors, such as your fridge, freezer or washing machine, up to 10 years old.

This is a summary only of some of the features and benefits available on Allianz Home 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.
Covers the cost of repairing or replacing your contents if you’ve experienced loss or damage caused by the following insured events^.

^For a full list of events covered by Allianz Renters Insurance, see the relevant PDS.

When you take out Contents Insurance, it’s important that the amount you’re insured for accurately reflects the cost to 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 contents.
With our Home Insurance, you could get up to 30% No Claim Bonus1,2 depending on your claims history
Pay month-to-month or in one annual payment – the choice is yours. An 11% service fee applies to monthly payments
Your proof of insurance – Certificate of Currency (COC) – will be emailed instantly after you purchase your policy
Make a claim online 24/7 or call 13 10 13 weekdays 8am to 6.30pm AEST or Sat 8am to 5pm AEST 

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 Contents Insurance premium is calculated, including:

  • Your risk profile. We work this out using a number of factors, such as:
    • Where you live
    • The type of property you’re insuring
    • The amount and type of cover you require
    • Any other people also insured under the policy
    • The relevant claims history of the people being insured
    • The likelihood of a claim being made on your policy
  • Any discounts that may apply
  • Any compulsory government charges such as Stamp Duty and GST
  • Fire Services Levy if they apply to the State or Territory where your home is located
  • Any other charges we tell you of
  • The excess you choose

To find out the cost of your Renters Insurance through Allianz, get a quick quote today!

Yes, we can offer insurance for up to three unrelated people living in the home. Our Renters Insurance will cover contents for up to three housemates, as long as they’re named on the policy as an insured policy holder.
If you’re a renter or tenant, and you want to be covered for the cost of repairing or replacing your contents (e.g. furniture, whitegoods, electrical appliances and clothing) then you may want to take out renters insurance. Our contents calculator is available to help estimate the value of your contents.

If you take out Contents Insurance, here’s how it can work if you suffer an insured loss:

  • If the house or apartment you live in burns down and destroys all your contents within it: With adequate sums insured under Renters Contents cover, you could replace your insured contents.
  • If a thief enters your house or apartment and steals your contents: You can replace the items that were stolen under your Contents insurance.
  • If, while rearranging your furniture, you accidentally drop your book shelf on your glass coffee table, and the glass breaks: As your Allianz Contents Insurance covers accidental breakage of glass that forms part of your contents in your home (other than those contents that are excluded such as televisions – see the PDS). If you take out optional accidental damage cover, we’ll repair or replace the whole coffee table including the glass.

To see some of the events covered and not covered by our Renters Insurance, refer to our Key Fact Sheets (KFS).
 
  1. Up to 30% No Claim Bonus
    Based on data collected from 1/8/20 to 31/7/21 of new customers who purchased an Allianz Home Insurance policy and received 30% No Claim Bonus.

    When you take out a new policy, we calculate your No Claim Bonus based on your home insurance claims history. To qualify for the maximum No Claim Bonus of 30%, Home Insurance customers must’ve had no Building or Contents Insurance claims in the preceding five years. However, customers who have 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 is applied to some optional covers if selected; Motor Burnout and Accidental Damage, but not Flood or Portable Contents cover.

  2. 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, Allianz applies 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: Domestic Workers’ Compensation (if available and selected).

  3. 72-hour exclusion period
    We don’t provide cover for any loss of or damage to your property caused by cyclone, flood, grassfires and bushfires, during the first 72 hours after you first purchase a policy or increase your cover under an existing policy.

  4. Portable Contents
    Some portable contents must be specified on your policy schedule as Listed Portable Contents to be covered.

    For standard terms, conditions and exclusions about our home insurance please refer to the Product Disclosure Statement (PDS) and any supplementary PDS (if applicable). To see some of the events covered and not covered, please refer to our Key Fact Sheets (KFS)

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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, please 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.

Allianz Australia Insurance Limited ABN 15 000 122 850 AFS Licence No. 234708 is the insurer of any general insurance products offered on this website.

Allianz Australia Life Insurance Limited ABN 27 076 033 782 AFS Licence No. 296559 is the insurer of any life insurance products offered on this website.