Our Product Disclosure Statement (PDS) tells you what you are and are not covered for under our policy. It highlights things such as insured events, claim limits, exclusions, discounts, benefits and information on how our claims process works.
You should read a PDS before purchasing insurance. You can read our PDS here.
In order to make an informed assessment of the risk and calculate the appropriate premium, your insurer needs information about the risk that you are asking it to insure.
This information extends to anyone seeking to be covered by the policy. For this reason, before you enter into a contract of general insurance, you have a duty under the Insurance Contracts Act 1984 to answer specific questions honestly and fully. If you do not comply with your duty of disclosure, your insurer may be entitled to decrease its liability, in respect of a claim or may cancel your contract of insurance.
When taking our Building Insurance you MUST ensure that the policy you are choosing covers damage caused to your building by a tenant. Many landlords make the mistake of taking a cheap House and Contents policy only to find that the tenant damage is not covered. In most cases, if a tenant causes damage to your property, there will be damage caused to both the contents (carpets) and the building (holes in walls).
PIP Building Insurance is designed exclusively for rental properties and therefore tenant damage as outlined in your policy is covered to the insured sum of your building.
PIP landlord insurance is underwritten and issued by Assetinsure Pty Ltd (Assetinsure), ABN 65 066 463 803, AFS licence no 488403 of Level 21/45 Clarence Street, Sydney, NSW 2000 and referred to in the policy wording as we, us, or our.
This insurance is distributed by PI Plus (Aust) Pty Ltd trading as Property Insurance Plus ABN 61 133 941 698, AR no 332446, as an authorised representative of Fitzpatrick & Co Insurance Brokers Pty Ltd ABN 25 050 242 914, AFS licence no 244386 of 631-633 Waverley Road, Glen Waverley, VIC 3150.
Our building insurance policies pay a policyholder (or carry out the works) up to a set financial limit. This is called the sum-insured and represents the maximum value of your policy. Choosing the right sum-insured for your property and contents is important. Estimate the cost to rebuild your property using a sum insured Calculator.
Fill out the form with any questions you have about finding which property insurance is right for you!