Comprehensive Landlord Insurance

Explore rental insurance for landlords with Property Insurance Plus

Whether you own a single rental unit, multiple properties or vacation homes listed on home-stay marketplaces, we have tailored solutions to meet your specific needs. Our comprehensive range of landlord insurance options is designed to provide solid protection for landlords and property investors.

Unsure of what kind of coverage you need? Check out our quick explainer below.

The type of landlord insurance you require will depend on your property type and whether you need additional coverage for certain areas within the property. For instance, if your property is a residential home, it’s advisable to take out building and landlord insurance to ensure it is adequately protected.

Landlord insurance is required for rental properties managed by Body Corporate or Strata.

Property Insurance Plus (PIP) has made it easy to compare landlord rental insurance. Discover our coverage options and contact us today for a landlord insurance quote.

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.

Get comprehensive coverage with landlord rental insurance

As a landlord, protecting your investment property from a variety of risks is essential. Our extensive landlord insurance policy covers everything from tenant default to property damage, so you’re not left out of pocket when the unexpected happens. Below is a more detailed breakdown of what our policy covers and the specific protection it offers for your rental property:

Tenant default coverage

Managing tenant risk is a key component of property ownership, and our landlord insurance provides protection to help mitigate financial loss in various tenant-related situations.

If a tenant faces financial hardship or vacates without notice, our policy covers up to 12 and 20 weeks of lost rental income, respectively. For more serious situations, such as court-ordered terminations or cases of domestic violence, we offer up to 20 weeks of rental income protection. In the unfortunate event of a tenant’s death, including extreme cases like murder or suicide, our policy covers up to 26 weeks of rent. Additionally, you’ll receive up to 52 weeks of rental income protection if your property is left without vacant possession.

Pet-related damages

Our landlord insurance provides coverage of up to $5,000 for pet-related damages, so you won’t face financial burdens from unexpected issues. This includes covering the costs of repairs for damages such as scratched floors, chewed furniture or stained carpets. We also cover fumigation costs if pest control is required due to tenant pets.

Legal liability and expenses

Legal liabilities can arise unexpectedly, which is why our policy offers up to $20 million in coverage to protect you against injury or property damage claims. If a tenant or visitor is injured on your property, this coverage helps with legal defence costs and any compensation that may be required.

Beyond personal injuries, we also cover damages caused by tenants or their guests, along with legal expenses of up to $7,500 if a tenant dispute escalates to court. This ensures that you won’t have to bear the financial burden of legal proceedings on your own.

Protection against illegal drug activity

In the unfortunate event that illegal drug activities occur on your property, our landlord insurance offers up to $60,000 in coverage. This includes costs for cleaning and decontaminating areas impacted by illegal drug use or production, safeguarding your property from long-term damage. We also cover repairs for any structural damage caused by these activities. Restore your property without facing overwhelming expenses.

Loss of rent

When your property becomes uninhabitable due to covered events such as fire, flood or tenant-related damage, we provide loss of rent coverage for up to 52 weeks. Whether your property needs repairs after severe weather, tenant-caused damage or illegal activities like drug production, our landlord insurance coverage keeps your rental income uninterrupted. Even during lengthy repair processes, you can rely on continued financial stability while restoring your property to a habitable condition.

Easy claims process for landlord insurance with Property Insurance Plus

Dealing with unexpected events can be stressful, so we’ve made our claims process as simple and efficient as possible. Just reach out to us through our online portal or by phone, and we’ll guide you through every step. We require basic documentation, like lease agreements or photos of the damage, to process your claim quickly. From there, our experienced team will handle the rest, ensuring your claim is reviewed promptly, often within just a few days.

Get a landlord insurance quote from Property Insurance Plus

When you choose landlord insurance from Property Insurance Plus, you’re securing your investment against a wide range of potential risks. Whether you own one property or manage several, our tailored policies offer the financial support you need. With flexible options, competitive premiums and a simple claims process, Property Insurance Plus helps keep your property and income safe. Request a landlord insurance quote from us now. We also offer building insurance and holiday rental property insurance. Check out our resource centre or FAQs below for more information.

FAQs

What is landlord insurance, and why do landlords need it?

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.

How does landlord rental insurance differ from standard homeowner's insurance?

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.

What does landlord insurance typically cover?

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.

Do I need landlord insurance if I already have a rental agreement or lease in place?

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.

How can I get a landlord insurance quote for my rental property?

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.

What factors are considered when calculating a landlord insurance quote?

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.

Are there different types of landlord insurance policies available?

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 and contents, 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.

Can landlord insurance cover loss of rental income if my property becomes uninhabitable?

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.

Is landlord insurance required by law, or is it optional?

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.

Are there any discounts or incentives available for purchasing landlord insurance policies?

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

Discover the PIP difference

Becoming a Property Insurance Plus includes many perks to look forward to, including:

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

Know where you stand with your landlord's insurance policy

Property Insurance Plus simplifies the insurance process with our helpful resources. View our disclosure agreements, compare benefits and more before obtaining a landlord’s insurance quote today.

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

Property Insurance Plus

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Be certain you’re covered in the worst-case scenario with tailored property insurance solutions from Property Insurance Plus. Explore our range of options and get in touch with us today for a quote.

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Comprehensive Landlord Insurance

Explore rental insurance for landlords with Property Insurance Plus

Landlord insurance

Get comprehensive coverage with landlord rental insurance

Tenant default coverage

Pet-related damages

Legal liability and expenses

Protection against illegal drug activity

Loss of rent

Easy claims process for landlord insurance with Property Insurance Plus

Get a landlord insurance quote from Property Insurance Plus

FAQs

Discover the PIP difference

Know where you stand with your landlord's insurance policy

Compare Cover Benefits

Building Sum Calculator

Disclosure Documents

Contact Us

Property Insurance Plus

Get In Touch

Contact Us

Sales & Service
Mon-Fri 8:30am - 6:30pm AEDT