Cover Options

The level of cover you need will depend on the type of property you own. If your rental property is a house, you will need Building Insurance AND Landlord Insurance.

If your rental property is a unit within a complex and within an Owners Corporation (also known as a Body Corporate or Strata) you need Landlord insurance. The Owners Corporation should already have insurance cover for the building. If your property is used for short-stay accommodation or holiday rentals, please refer to our Holiday Property Protection Policy. To find out more about the different levels of cover click on the options below.

Landlord insurance covers the rental income that your property earns, public liability, malicious and accidental damage, pet damage and theft of the property contents (carpets, blinds, underlays, light fittings and any other household items owned by you for the tenants use).

The policy includes coverage for loss of rental income up to 52 weeks if the property becomes uninhabitable due to covered damages like fire or severe weather. It also covers legal expenses, accidental or deliberate damage to contents by tenants, and legal liability up to $20 million, ensuring protection against claims for injuries that occur on the property.

Landlord insurance

Weekly Rent		Up To $1,250
Benefits	Up To:
Tenant Default – Financial Hardship	12 Weeks
Tenant Default – Departure without notice	20 Weeks
Tenant Default – Court Ordered Termination	20 Weeks
Tenant Default – Domestic Violence	20 Weeks
Tenant Default – Death, Murder or Suicide	26 Weeks
No vacant Possession	52 Weeks
Loss of Rent due to damage accepted under the policy	52 Weeks
Accidental loss or Damage to your contents	$70,000
Deliberate Damage to contents by tenant	$70,000
Theft by Tenants	$70,000
Damage to Contents due to illegal drugs	$60,000
Legal Expenses	$7,500
Damage by Tenants Pets	$5,000
Fumigations Costs	$5,000
Tax Audit	$5,000
Locks & Keys	$1,000
Garbage Removal	$500
Legal Liability Cover	$20,000,000
Re-letting Fees	Up to $500
Excess
Contents		$250 per claim
Accidental Damage by a Third Party other than your Tenant		Additional $250 per claim
Accidental Damage by Tenant including Damage by Pets		Additional $250 per claim
Theft by Tenant		Additional $250 per claim
Electric Motor Burnout		Additional $300 per claim
Flood		Additional $500 per claim
Earthquake, tsunami or volcanic eruption		Additional $5,000 per claim
Tenant Damage and Tenant Default where property is self-managed		1 week rent
Tenant Damage and Tenant Default where managed by a licensed property manager		Nil
Loss of Rent		Nil
State		Premium **
WA		$351 / year
SA		$341 / year
VIC		$351 / year
ACT		$358 / year
QLD	4000-4669	$381 / year
NSW		$441 / year
TAS		$341 / year

*Conditions limits and exclusions apply. Please read our policy disclosure documents for more information.

**Prices subject to change

Any property that is stand-alone or not insured through an Owners Corporation (OC) or Strata, will require its own Building policy.

The PIP Building policy protects the structure, including anything plumbed or built-in to the property. It also includes protection from standard perils like fire, impact, and storm damage.

Legal liability is also covered up to $20 million, providing significant protection against claims. Other specific coverages include up to $60,000 for damage related to the production of controlled drugs and reasonable costs for temporary repairs to prevent further loss or damage. Financial protections extend to up to $5,000 each for mortgage discharge costs, fumigation costs, tax audit fees and $7,500 for legal expenses.

The sum of insurance you need for your Building can be determined using a building sum calculator. Simply plug in a few details about your property and our calculator will determine the amount it would cost to rebuild your property.

Building Insurance

Cause of Loss:	Up To:
Accidental Loss or Damage	Sum Insured
Theft, attempted theft or burglary	Up to 10% Building sum insured
Legal Liability	Up to $20,000,000
Production of Controlled drugs	Up to $60,000
Removal of Debris	10% of Sum Insured
Temporary repairs	Reasonable Costs to prevent further loss or damage
Authority Fees	10% of Sum Insured
Exploratory Costs	Up to $5,000
Locks and Keys	Up to $1,000
Landscaping, Trees, Plants and Shrubs	Up to $2,000
Loss of Metered Water or Gas	Up to $500
Rainwater Tank	Up to $1,500
Solar Panels Up to $2,000	Up to $2,000
Mortgage Discharge Costs	Up to $5,000
Fumigation Costs	Up to $5,000
Legal Expenses	Up to $7,500
Tax Audit Fees	Up to $5,000
Electrical Motor Burnout	Motor replacement up to 15 years
Excess
Building	As nominated by the insurer
Accidental Damage by a Third Party other than your tenant	Additional $250 per claim
Accidental Damage by Tenant including Damage by Pets	Additional $250 per claim
Electric Motor Burnout	Additional $300 per claim
Flood	Additional $500 per claim
Earthquake, tsunami or volcanic eruption	Additional $5,000 per claim
Unoccupancy for up to 90 days	Additional $500 per claim
Unoccupancy over 90 days	Additional $1,000 per claim
Unoccupancy over 180 days	Additional $2,000 per claim

*Conditions limits and exclusions apply. Please read our policy disclosure documents for more information.

Holiday insurance covers the rental income that your property earns, public liability, deliberate and accidental damage, pet damage and theft of the property contents (carpets, blinds, underlays, light fittings and any other household items / furniture owned by you for your personal use and the tenants use).

This product offers broad and comprehensive protection for a full range of defined events and unexpected circumstances, from motor burnout to the death of a tenant. Other specific protections include $60,000 for oil leakage from heaters, and $2,000 for contents in storage units or cases. The policy also includes an excess waiver for total loss, applicable as shown on the policy schedule. This insurance is ideal for properties let out on AirBNB and Stayz (Excluding let out by the room).

Holiday Property Insurance

Benefits	Up To
Loss of Rent by Defined Event	52 weeks, maximum $50,000
Loss of Rent following Tenant Damage	52 weeks, maximum $50,000
Loss of Rent following Murder / Suicide	52 weeks, maximum $50,000
Untenantable due to Death of a Tenant	12 weeks, maximum $50,000
Failure to Vacate	26 weeks, maximum $50,000
Accidental loss or Damage	$60,000
Deliberate Damage by Tenants	$60,000
Theft by Tenants	$60,000
Damage by Tenants Pets	$5,000
Tax Audit	$5,000
Locks & Keys	$1,000
Garbage Removal	$500
Legal Liability Cover	$20,000,000
Electric Motor Burnout	15 years
Contents in Open Air	Theft $5,000 All other Claims 10% CSI
Oil Leakage from Heater	$60,000
Excess Waiver for Total Loss	Excess shown on your schedule
Contents in Storage units / case	$2,000
Fixed Excess
Contents	$250
Additional Excess
Accidental Damage by 3rd Party other than your tenant	$250 per claim
Accidental Damage by Tenant including Damage by Pets	$250 per claim
Theft	$250 per claim
Earthquake, tsunami or Volcanic Eruption	$5,000 per claim
Electronic Motor Burnout	$300 per claim
State	Premium **
WA	$362 / year
SA	$360 / year
VIC	$376 / year
NSW	$481 / year
QLD	$398 / year
TAS	$344 / year
ACT	$398 / year

*Conditions limits and exclusions apply. Please read our policy disclosure documents for more information.

** Prices subject to change

Any property that is stand-alone or not insured through an Owners Corporation (OC) or Strata, will require its own Building policy. The PIP Holiday Building policy protects the structure, including anything plumbed or built-in to the property from a full range of defined events and unexpected circumstances. Storm, impact damage and riot or civil commotion are similarly covered up to the building’s full insured value. An excess waiver for total loss is available, shown on your policy schedule, offering further financial protection in catastrophic scenarios.

This extensive range of coverage ensures that almost every aspect of potential property damage is addressed, safeguarding your investment comprehensively. The sum of insurance you need for your Building can be determined using a building sum calculator.

Building Insurance (Holiday)

Type of Cover	Maximum Limit
Fire, explosion or lightning	The Sum insured for your Building located at your Risk Address
Earthquake, Named Cyclone, Tsunami or Volcanic Eruption	The Sum insured for your Building located at your Risk Address
Theft, attempted theft or burglary	The Sum insured for your Building located at your Risk Address
Bursting, leaking, discharging or overflowing	The Sum insured for your Building located at your Risk Address
Glass breakage	The Sum insured for your Building located at your Risk Address
Malicious damage by third party	The Sum insured for your Building located at your Risk Address
Flood (unless specifically excluded)	The Sum insured for your Building located at your Risk Address
Storm	The Sum insured for your Building located at your Risk Address
Impact damage	The Sum insured for your Building located at your Risk Address
Riot or civil commotion	The Sum insured for your Building located at your Risk Address
Electric motor burnout	Motor replacement up to 15 years of age
Accidental damage by third party	The Sum insured for your Building located at your Risk Address
Landscaping	Up to $500 per tree, shrub or plant, maximum $2,000 per claim
Emergency service damages	Up to $5,000
Mortgage discharge	Up to $5,000
Tax audit fees	Up to $5,000 (This is the total limit of your policy regardless of whether you have Building cover, Contents cover, or both Building and Contents cover)
Excess Waiver for Total Loss	Nominated Excess showing on your schedule

*Conditions limits and exclusions apply. Please read our policy disclosure documents for more information.

The PIP Advantage

*For new policies purchased after 6th July 2023 with a start date on or after 1st August 2023.

Tools for Landlords

Compare Cover Benefits

Our comparison page outlines the features and benefits of each policy.

Building Sum Calculator

Choosing the right sum-insured for your property and contents is important. We recommend using this sum insured calculator.

Disclosure Documents

In order to make an informed assessment of your risk and understand whether our policy suits your needs, please read our Product Disclosure Statement (PDS) and related documents.

"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!"

"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."

"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."

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

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Cover Options

Landlord insurance

The PIP Advantage

Tools for Landlords

Compare Cover Benefits

Building Sum Calculator

Disclosure Documents

Contact Us

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