Landlord insurance is specifically designed to protect property owners who rent out their properties. It covers financial losses connected with rental activities, including property damage due to accidents or natural disasters, loss of rental income and liability in case tenants or visitors get injured on the property. 

This type of insurance is crucial for landlords as it provides financial security against the unique risks associated with leasing properties, helping to ensure that investment properties remain profitable and protected against unforeseen events.

Landlord rental insurance differs from standard homeowner’s insurance primarily in its focus on rental activities. While homeowner’s insurance covers personal residences and protects against common risks like fire, theft and natural disasters, landlord insurance also includes protection against loss of rental income, tenant damage and liability issues more specific to renting properties. This makes landlord insurance essential for property owners who lease their properties, providing additional coverage tailored to the risks of being a landlord.

Landlord insurance typically covers property damage due to events like fire, storms and vandalism, as well as loss of rental income if the property becomes uninhabitable. It also includes liability coverage, protecting landlords from legal and medical costs if someone gets injured on the property. Some policies offer additional protection against tenant-related risks, such as malicious damage or failure to pay rent, providing comprehensive security for rental property investments.

Yes, having a rental agreement or lease in place does not replace the need for landlord insurance. While a lease outlines the obligations and rights of tenants and landlords, landlord insurance protects against financial losses from property damage, liability claims and loss of rental income due to unforeseen events. It’s a critical safeguard that provides comprehensive protection beyond what a rental contract can offer.

Landlords interested in a landlord insurance quote with Property Insurance Plus can get in touch with a member of our team by submitting an online enquiry form or giving us a call at 1300 307 072.

When calculating a landlord’s insurance quote, insurers evaluate various factors that affect the perceived risk and cost. These include the property’s value and location, which influence potential exposure to natural disasters and local crime rates. 

The type of property, such as an apartment, single-family home or duplex, also plays a role. Rental income is considered to determine the necessary coverage for potential loss of rent. The nature of the tenancy — whether the property is rented to long-term tenants or used for short-term vacation rentals — alters the risk profile. 

The choices landlords make about deductibles, specific additional coverages like flood or earthquake protection and levels of liability coverage can also influence the overall cost.

Yes, Property Insurance Plus offers different types of landlord insurance policies tailored to various needs. Their coverage includes options for standard residential properties typically rented to long-term tenants, as well as specialised policies for holiday properties that might be listed on platforms like Airbnb and Booking.com. 

These diverse policies can accommodate different levels of coverage for building, contents and liability, along with protection against loss of rental income and tenant-related damages. This variety allows landlords to choose a policy that best matches their specific rental scenario and risk exposure.

Yes, landlord insurance can cover loss of rental income if your property becomes uninhabitable due to covered events such as a fire, natural disaster or major damage. Having this coverage at your disposal helps mitigate financial loss while repairs are made, ensuring you maintain a healthy, consistent income during such disruptions.

While landlord insurance is not required by law, it is highly recommended. While not legally mandatory, having this insurance is crucial for protecting your investment against potential damages, loss of rental income and liability claims that standard homeowner’s insurance might not cover. It offers significant financial security for property owners in the rental market, which can sometimes become unpredictable.

Yes, Property Insurance Plus offers a 5% discount over the life of your policy for customers who purchase their landlord insurance online.

Holiday rental insurance covers various risks associated with renting out your property to short-term guests. It typically includes protection against property damage, theft and liability claims from guests. It may also cover loss of rental income due to unforeseen events and the legal expenses for potential guest disputes.

Holiday rental insurance differs from regular rental insurance by covering short-term rentals to vacationers. It includes protections for frequent guest turnover, potential property damage, theft and liability specific to short-term stays. Regular rental insurance focuses on long-term tenancies, covering tenant-related risks over extended periods. In essence, holiday rental property insurance provides more specific coverage for the unique risks associated with short-term rentals.

Insurance for your holiday rental property is essential to protect your investment from potential risks and financial losses. It covers unexpected events that can cause damage or disrupt your rental income. Having this insurance provides peace of mind, ensuring you are prepared for any incidents that may occur while renting out your property to guests.

Property Insurance Plus offers tailored, comprehensive holiday rental insurance to ensure your holiday home is covered in a range of situations, from property damage to theft, liability and loss of rental income. We also offer building and contents insurance, liability cover and protection against accidental damage. Having this level of cover in your back pocket ensures your holiday rental is protected from life’s unforeseen disasters, providing peace of mind and security while renting out your property.

Yes, holiday rental insurance covers short-term rentals. At Property Insurance Plus, we offer short-term holiday rental insurance policies for investors who offer their holiday homes to travellers on online homestay platforms.

For holiday rental property insurance with Property Insurance Plus, fill out our online quote or contact us at 1300 307 072. Tell us a few details about the property, and you’ll receive a quote immediately.

No, guests’ belongings are typically not covered under holiday rental home insurance. It is the responsibility of guests to have their own travel insurance to protect their personal items during their stay.

Several factors influence the cost of holiday rental insurance, such as the property’s location, size and construction type. The level of coverage and policy options, such as additional protections, may also affect the price of your premium.

Other factors that may determine your premium include any security features installed on the property and potentially your claims history.

No, holiday rental insurance from Property Insurance Plus does not cover cancellations and lost bookings. However, we do cover loss of rent across a range of events, such as prevention of access to the property, tenant damage or failure to vacate.

Give us a call at 1300 307 072 or lodge a claim online with our claim form. Once the form is submitted, you may be required to provide additional documents via email at claims@pi‐plus.com.au.