What is Landlord Building Insurance?
Benefits
Summary of expenses and circumstances covered under the policy. Please refer to the PDS for a full breakdown and details of cover.
Description
Coverage (up to)
For up to $1,250 weekly rent
Loss, Damage & Theft
Sum Insured
Removal of Debris
10% of Sum Insured
Temporary repairs
Reasonable Costs to prevent further loss or damage
Authority Fees
10% of Sum Insured
Legal Expenses
Up to $7,500
Exploratory Costs
Up to $5,000
Fumigation Costs
Up to $5,000
Mortgage Discharge Costs
Up to $5,000
Tax Audit Fees
Up to $5,000
Landscaping, Trees, Plants and Shrubs
Up to $2,000
Energy, Water & Gas
Up to $2,000
Locks and Keys
Up to $1,000
Electric Motor Burnout
Motor replacement up to 15 years
Legal Liability Cover
$20,000,000
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.
Excess
The excess is the amount you must contribute towards a claim before the remaining approved costs can be paid.
Description
Coverage (up to)
For up to $1,250 weekly rent
Unoccupancy
An additional $2,000 per claim
Building
As nominated by the property owner
Accidental Damage
Additional $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
Electric Motor Burnout
Additional $300 per claim
Flood
Additional $500 per claim
Earthquake, tsunami or volcanic eruption
Additional $5,000 per claim
What is Holiday Building Insurance?
Benefits
Expenses and circumstances covered under the policy.
Description
Coverage (up to)
For up to $1,250 weekly rent
Natural Disasters & Destructive Events
The maximum limit is the Sum insured for your building
Earthquake, Named Cyclone, Tsunami or Volcanic Eruption
The maximum limit is the Sum insured for your building
Flood (unless specifically excluded)
The maximum limit is the Sum insured for your building
Storm
The maximum limit is the Sum insured for your building
Impact damage
The maximum limit is the Sum insured for your building
Riot or civil commotion
The maximum limit is the Sum insured for your building
Loss, Damage & Theft – by third-party
Sum Insured
Theft, attempted theft or burglary
The maximum limit is the Sum insured for your building
Glass breakage
The maximum limit is the Sum insured for your building
Malicious damage by third party
The maximum limit is the Sum insured for your building
Accidental damage by third party
The maximum limit is the Sum insured for your building
Emergency service damages
Up to $5,000
Bursting, leaking, discharging or overflowing
The maximum limit is the Sum insured for your building
Electric Motor Burnout
Motor replacement up to 15 years
Mortgage Discharge Costs
Up to $5,000
Tax Audit Fees
Up to $5,000
Landscaping
Up to $2,000
Excess Waiver for Total Loss
Excess shown on your schedule
Legal Liability Cover
$20,000,000
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.
Excess
The amount you must pay in order to accept or process a claim.
Description
Coverage (up to)
For up to $1,250 weekly rent