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Get a property insurance quote today

Protect your investment and know that you’re fully covered with our comprehensive property insurance.

Choose from three coverage options, tailor your policy to your needs. Purchase online for a 5% discount for the life of your policy. 

Landlord Cover

Product: Standard Landlord Cover
Insurance that is designed for units, apartments & villas where the building is insured with a body corporate or freestanding homes where the building is insured elsewhere. This cover also include legal liability up to $20 million.

Building & Landlord

Product: Custom Landlord Cover
Insurance that is designed for freestanding or terrace homes where building, contents and landlord covers are required. This cover also includes legal liability up to $20 million.


Customised Cover

Product: Customised Cover
Pick and choose your required sections of cover, sum insured and excesses to add to your building and/or contents cover.



The PIP Advantage

Whether you need to safeguard your latest investment property or holiday rental, finding the best property insurance for your investment is made easy with Property Insurance Plus. Here are a few reasons why our investors appreciate our policy options:

Oscar
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"I definitely recommend Property Insurance Plus. They cover contamination and are also a specialist insurance company. They cover FDV I've found them to be the BEST value for money!"
Christian
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"Very happy with my recent experience with PIP Insurance. I highly recommend Lucy who helped me with the claim process making it seem very easy and straightforward."
Aaron
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"We wanted to extend our appreciation to all involved in the process. Garry was instrumental, helpful and professional. A big thank you to all who helped turn around this difficult situation."

What is landlord's property insurance, and who needs it?

Investing in property can be a rewarding experience which is designed to build wealth and stability for your future. As with any investment, there is an element of risk; however, you can reduce this by covering your property with specialised landlord insurance.

Landlord’s insurance, or property insurance, is designed to protect property owners who rent their premises to tenants. Specialised insurance will not only cover the property for damage caused by events like fire or storm; it can also include benefits to protect your property asset and rental income from the tenant and 3rd party-related risks.

In addition, our policy supports the relevant legislation in each state and territory to make sure you are protected accordingly, giving you added peace of mind in the property rental business.

In addition to landlord insurance, Property Insurance Plus also offers building insurance and holiday property insurance to ensure every customer receives the coverage they need.

First-time looking into property insurance?

When considering property insurance, it’s important to conduct a thorough comparison to ensure you’re getting the best coverage for your needs at a competitive rate. Comparing different policies can be time-consuming, but focusing on key elements can simplify the decision-making process. Here are some critical factors to consider:

  • Coverage types — Different policies offer varying levels of protection. Ensure the insurance covers all necessary risks like fire, theft, natural disasters and accidental damage.
  • Policy exclusions — Pay close attention to what is not covered. Common exclusions might include flood damage, earthquakes and general wear and tear of the property.
  • Deductibles — This is the amount you pay out of pocket before your insurance kicks in. A higher deductible usually means lower premiums, but it’s essential to choose a deductible you can afford in case of a claim.
  • Premiums — Remember that cheaper isn’t always better if it comes at the cost of adequate coverage. It’s important to find the balance between accessing comprehensive coverage without blowing the bank.
  • Claims process — Look into how insurers handle claims. Fast, reliable and fair handling of claims is crucial.

FAQs

Property insurance provides financial protection for landlords and property investors against risks to property, such as fire, theft and weather damage. It covers the building itself, any permanent installations, as well as contents inside the property. This insurance helps landlords manage the cost of repairs or replacements, ensuring financial stability in the event of unexpected damage.

Rental property insurance typically covers damage to the building caused by events like fire, storm or vandalism. It also offers liability protection if someone is injured on the property, and may include loss of rental income if the property becomes uninhabitable due to a covered peril. Additional coverage can often be added for specific needs, such as flood damage or emergency repairs.

Insurance for rental property can vary in cost, as it depends on the type of coverage you require for your property and the excess you choose. Investment property insurance also depends on factors such as the property’s value and location. The easiest way to get an idea of how much you could be paying for your property is to obtain a quote from Property Insurance Plus. Simply fill out an online enquiry form or give us a call at 1300 307 072.

To meet the needs of property investors and landlords, Property Insurance Plus offers three coverage options: Landlord Insurance, Building Insurance and Holiday Property Insurance

Landlord insurance is designed to protect residential property investors, covering financial hardships and various types of tenant defaults, such as departure without notice and court-ordered terminations. 

Building insurance covers the physical structure of your property, including damage from natural disasters like earthquakes and storms and other risks such as fire and theft. Holiday property insurance is available for properties rented out on platforms like Airbnb, where it covers rental income loss due to defined events, damages and legal liabilities.

The amount of property insurance coverage you need should match the replacement cost of your property and its contents. This includes the full cost of rebuilding your home or property at current market prices and replacing its contents without depreciation. 

If you are unsure of the amount of coverage you need for your property, visit our FAQs page, or contact our team at Property Insurance Plus. Get in touch, and we can accurately assess your property’s value and provide advice about what level of coverage you need.

Common exclusions in insurance for rental properties typically include damage from floods, earthquakes and normal wear and tear. Other frequent exclusions are intentional damage, war or nuclear hazards and damage from pests like termites. Policies might also exclude specific high-value items unless they are individually listed.

Replacement cost coverage reimburses you the amount it would take to replace damaged property with new materials at current prices without considering depreciation. Actual cash value (ACV) coverage, on the other hand, factors in depreciation, paying you what the item was worth at the time of loss, not what it would cost to replace it.

Yes, if you have high-value items and wish to have them insured separately, you will need to individually list them on your policy. Having extra coverage for these items specifically insures these valuable items for their appraised value, providing broader protection against loss or damage.

Contact Us

If you are unable to complete a quote using the above links, or have a question relating to which property insurance product is right for you, please contact us here

Property Insurance Plus

Maintenance Notification

Please note that due to a system update taking place on Tuesday 4th of June, you will not be able to purchase insurance online from 6:00pm until Wednesday 4:00am (AEST).

We apologies for any inconvenience caused.