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Landlord Insurance

Insurance cover that's designed for landlords, just like you
Save up to 10% on your first year’s premium when you quote and buy a new Landlord Insurance policy online1,2

Why choose Allianz Landlord Insurance?

Up to 30% No Claim Bonus2,3

When you take out a new policy, we calculate your No Claim Bonus2,3 based on your Landlord Insurance claims history from the last three years.

Pay monthly at no extra cost4

When you buy or renew, you have the flexibility to pay annually or monthly at no extra cost.

Instant Certificate of Currency

Your proof of insurance – Certificate of Currency (COC) – will be emailed instantly after you purchase your policy.

24/7 claims service


You can make a claim online or call 1300 555 030 for claims service 24 hours, 7 days a week.
Has your property or its contents been damaged? Making a claim with Allianz is quick and simple. Find out what’s involved and what you’ll need to make a claim.
LEARN MORE

What Allianz Landlord Insurance covers

Find out what is and isn’t covered under Allianz Landlord Insurance, as well as some optional covers you could be eligible to add to your policy.

Buildings

Covers your damaged or destroyed building, garage, fences, fixed domestic appliances and more.
  • Legal liability cover
  • Up to $20m legal liability cover. Covers you financially if you’re liable to pay compensation for death, injuries and illnesses to other people and/or damage to their property that occurred at your investment property caused by an accident (or series of accidents).
  • Rental costs after an insured event
  • Covers the equivalent weekly rent if your tenants can’t live in your investment property for at least seven days due to damage caused by an insured event. Allianz will pay for your loss of rent on the insured property for the time necessary to reinstate your building, or for which access to the building is denied, or up to a maximum of 12 months, whichever period of time is lesser.

    Applicable only when you have Building cover, or if the building is part of a strata title development and you have Contents cover.
  • Rebuilding and professional fees
  • If you have Buildings cover and you need to rebuild your buildings after total loss or damage, Allianz will help pay the reasonable costs of architects, engineers, surveyors and solicitors up to $5,000.
  • Debris removal
  • Allianz will pay up to 10% of the building and/or contents sum insured for removing debris from your insured address if your buildings are damaged or destroyed by an insured event.
  • Landlord contents cover
    Allianz will pay for repair or replacement of contents you own and provide for your tenant’s use as a result of an insured event. If you have Buildings cover only, Allianz will pay up to the lesser of $10,000 or up to the remainder of the sum insured after payment of the buildings claim for certain landlord contents under this additional benefit. For more details about the landlord contents covered, see the relevant PDS.
  • Replacement of locks
  • If your keys for any external door or window are stolen, or there are reasonable grounds to believe that the keys have been copied, Allianz will pay up to a maximum of $1,000 per claim to replace your locks or cylinders.
  • Making your buildings environmentally friendly
  • If you have Buildings cover and your buildings are totally destroyed and need to be rebuilt, in addition to your buildings sum insured, Allianz will pay up to $5,000 (after deduction of any government or council rebates) to help you make the new buildings more environmentally friendly.
WHAT'S NOT COVERED

Contents

Covers damage to your contents kept at your investment property for the use of your tenant.
  • Legal liability cover
  • Up to $20m legal liability cover. Covers you financially if you’re liable as the owner of the contents (and as the owner of the building defined as a lot) to pay compensation for death, injuries and illnesses to other people and/or damage to their property that occurred at your investment property caused by an accident (or series of accidents).
  • Rental costs after an insured event
  • Covers the equivalent weekly rent if your tenants can’t live in your investment property for at least seven days due to damage caused by an insured event. Allianz will pay for your loss of rent on the insured property for the time necessary to reinstate your building, or for which access to the building is denied, or up to a maximum of 12 months, whichever period of time is lesser. 

    Applicable only when you have Building cover, or if the building is part of a strata title development and you have Contents cover.
  • Removal of debris
  • If your contents are destroyed by an insured event, and Allianz has agreed to accept your claim, Allianz will pay the reasonable costs of removing your contents debris from your investment property.

    Allianz will pay up to 10% of the contents sum insured. Allianz will first pay up to the balance of any contents sum insured remaining after payment of your claim for loss or damage to your contents, and any such payment won’t be taken into account in calculating the above maximum amount.
  • Contents in the open air
  • Allianz will cover contents in the open air that you own and that you’ve provided for your tenants to use, which have been lost or damaged by an insured event covered by your policy, up to a maximum amount of $1,000.
  • Replacement of locks
  • If your keys for any external door or window are stolen, or there are reasonable grounds to believe that the keys have been copied, Allianz will pay up to a maximum of $1,000 per claim to replace your locks or cylinders.
WHAT'S NOT COVERED

  • Your unoccupied investment property
  • If your investment property is unoccupied for any period in excess of 60 consecutive days, Allianz won’t pay for loss or damage for certain insured events, unless otherwise agreed in writing.
  • Loss of rental income when no contract is in place for a tenant
  • If you're claiming for loss of rental income after an insured event, you're not covered if you didn’t have a contract in place for your investment property to be tenanted within the 30 days immediately following the date of the loss or damage or your buildings have not been tenanted for more than 60 consecutive days immediately before the date of the loss or damage.
  • What your tenant is legally liable for
  • Anything your tenant is legally liable for under the terms of a lease, rental or similar agreement.
  • Certain loss or damage
  • Loss or damage arising out of depreciation, gradual deterioration or wear and tear.
  • Pre-existing damage to your investment property
  • Loss or damage caused through inherent defects, faulty design, structural defects or poor workmanship.
  • Loss or damage caused by flood
  • Unless your policy schedule shows that you've added the Flood cover option to your policy.

WHAT Building covers
WHAT Contents covers

  • Flood
  • Covers you for loss or damage to your investment property and contents caused by flood and certain flood-related events. Optional Flood cover may not be available in some areas. A 72-hour exclusion period applies. For full details of conditions and exclusions, see the relevant Product Disclosure Statement (PDS).
  • Landlord Workers Compensation5
  • Where you employ a person to do work around your rental property, Allianz will pay the amount you’re liable to pay if they’re injured while working for you. Only available in ACT, WA, and TAS.
  • Rent Default and Theft by Tenant cover
  • Covers up to $10,000 in total for lost rent during the period of insurance caused by listed rent default events. Allianz will also pay for loss or damage to your investment property as a result of theft by your tenant or their invitees. Plus, Allianz will pay for up to $3,000 of reasonable legal expenses to minimise a claim resulting from these insured events, where Allianz has agreed in writing. 
WHAT'S NOT COVERED

This is a summary only of some of the features and benefits available on Allianz Landlord Insurance, as well as some of the exclusions. Before deciding on a policy, carefully consider the relevant Product Disclosure Statement (PDS) and Supplementary PDS (where applicable) which set out the standard terms, conditions, limits and exclusions.

Choose your cover and get your Landlord Insurance quote

Whether you’re after Landlord Building cover, Landlord Contents cover, or a combined Landlord Building and Contents cover, get a quick and simple quote now. 

Events Allianz Landlord Insurance covers

Covers the cost of rebuilding or replacing your landlord building and/or contents if you’ve experienced loss or damage caused by the following insured events.^
  • Fire7 or smoke
  • Theft, burglary or housebreaking
  • Storm7, rainwater or run off (not including flood which subject to eligibility may be available under the optional Flood cover)
  • Lightning or thunderbolt
  • Water or other liquid damage
  • Impact damage
  • Earthquake
  • Accidental breakage of glass
  • Malicious acts
  • Explosion
  • Riots or civil commotion
  • Tsunami

^For a full list of events covered by Allianz Landlord Insurance, see the relevant PDS.

Landlord Insurance calculators

When you take out Landlord Building and/or Contents Insurance, it’s important the amount you’re insured for accurately reflects the cost to rebuild your landlord building and/or replace your contents.

This is because you might have to pay the difference out of your own pocket if you’re insured for less than the replacement value of your landlord building and/or contents.

Landlord Building replacement calculator

VALUE YOUR HOME

Landlord Contents replacement calculator

VALUE YOUR CONTENTS

Ready to get started?

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In the spotlight

Green Home improvements

Make your home more sustainable with Green Specs by Allianz Insurance, developed in partnership with the Green Building Council of Australia. Green Specs is a digital guide for homeowners and renters about sustainable home improvements, shown as the floorplan of a typical home.
Explore Sustainable homes

Understanding your insurance premium

When it’s time to renew your insurance, you may find your premium has gone up and wonder why. Understanding your premium and the factors that affect the cost, can help make sure you’re paying for cover that’s right for you.
 
Find out more

Why home maintenance is important

By carrying out regular maintenance, you’re helping to safeguard your property against avoidable damage, and may reduce any potential insurance claim issues. Discover practical tips and handy checklists to help you plan essential home maintenance tasks and keep your property in good condition.
 
View the guide

Frequently asked questions

Landlord insurance is designed to cover the cost of replacement or repair needed when certain events occur that damage your residential investment property. It can also cover any contents you provide for your tenant’s use that could leave you out of pocket.

The cost of your insurance is called a ‘premium’. Your premium will depend on a number of factors and can change each year when you renew your policy. Your premium for each period of insurance will be shown on your policy schedule.

There are a number of factors that determine how your Landlord Insurance premium is calculated, including:

  • Your risk profile. Allianz will work this out using a number of factors such as:
    • Where your investment property is located
    • The type of property you’re insuring
    • The amount and type of cover you require
    • The relevant claims history of your property
    • The likelihood of a claim being made on your policy
    • The value of the insured investment property and/or contents cover (sum insured)
  • Any discounts that may apply
  • Any compulsory government charges such as Stamp Duty and GST
  • Emergency Services Levies if they apply to the State or Territory where your investment property is located
  • Any other charges Allianz tells you about
  • The excess you choose6

Get a quick Landlord Insurance quote today!

Allianz will pay rental costs after an insured event as part of your Landlord Insurance policy when you have Buildings cover, or the building is part of a strata title development and you have Contents cover.

If your building is damaged by an insured event to an extent that the tenant can’t live in it, or access to use your building wasn't possible for a minimum of seven days, Allianz will pay for loss of rent on the insured property for the time necessary to reinstate your building, or for which access to the building is denied, or up to a maximum of 12 months, whichever period of time is the lesser.

This benefit is automatically included.

Note that this is different to the optional Rent Default and Theft by Tenant cover which is available to be added to new Landlord Insurance policies which don’t already have this cover.

Call Allianz as soon as reasonably possible on 1300 555 030 and tell the claims consultant about what’s happened. Try to get the names and addresses of any witnesses to the event which has brought about the claim. Don't make any admissions of liability and don’t attempt to settle any claim made against you.

If you do, Allianz may reduce or refuse your claim to the extent it's prejudiced. The Allianz claims consultant will tell you the steps you need to take and will help you through the Landlord Insurance claim process.

Landlord insurance covers you against financial losses associated with the damage or loss of the residential investment property you own. Landlord insurance isn’t a legal requirement, but if you have a mortgage on your property, most banks and mortgage lenders require you to purchase landlord buildings insurance as security to safeguard themselves against financial risk caused by unexpected damage or loss to your property.

Lenders may require you to list them as an interested party when buying insurance and may also request proof of insurance (a Certificate of Currency) before the loan is finalised or for each year your mortgage is held with them.

If you choose to get both your investment building and the investment contents you’ve provided for your tenants’ use covered with Allianz, you can do so with the convenience of having them on the one Landlord Insurance policy. This means you get the great benefits of both Allianz Buildings cover and Contents cover, and you’ll only have one policy number.

Additionally, if you need to make a claim for both your building and your contents due to the same insured event, you’ll only need to pay one excess. Here’s an example of how your combined Landlord Buildings and Contents policy could work:

Disaster strikes and your investment property’s building, as well as the contents inside it that you’re responsible for as a landlord, have been totally destroyed by an insured event. Where Allianz has agreed to accept your claim, you’ll only need to pay one excess. 

With your building insurance, Allianz will pay the cost to rebuild your building which has been completely destroyed and also pay up to $5,000 (after deduction of any government or council rebates you’re eligible for) to make your property more environmentally friendly, e.g. by installing any combination of a rainwater tank, solar power systems, hot water heat exchange system, and grey water recycling system.

Allianz will also replace your contents that you’ve insured with them up to the policy limits, like your carpets, curtains, furniture, and household goods, including utensils and domestic appliances that you’ve supplied for your tenants’ use.

Allianz Home Insurance offers cover for your family home and contents. Allianz Landlord Insurance is designed for properties where rent is being collected and the policy holder isn't a resident of the property. For full details of the standard conditions and exclusions, refer to the relevant PDS and any supplementary PDS (where applicable).

Unless Allianz states otherwise in the PDS, when you make a claim under the policy, you’ll need to pay an excess as a contribution towards your claim.

Charging an excess also helps to keep the cost of premiums down by reducing the number of small claims. The amount and type of excess you have to pay will be shown in your policy schedule or in your PDS.

For full details of conditions and exclusions, refer to your policy schedule or see the relevant PDS and any supplementary PDS (where applicable).


To see some of the events covered and not covered by Allianz Landlord Insurance, refer to the Key Fact Sheets (KFS).

*Conditions apply

  1. Online discount
    Landlord: When you quote and buy a new Landlord Insurance policy online, a premium discount of up to 10% is applied to your first year’s premium including the following optional covers (if selected): Flood and Rent Default and Theft by Tenant. This discount isn’t applied on renewal.

    Home: When you quote and buy a new Home Insurance policy online, a discount of up to 10% is applied to your first year’s premium including the following optional covers (if selected): Accidental damage, Flood, Motor Burnout and Portable Contents. This discount isn’t applied on renewal.
  2. Minimum premiums may apply
    Any discounts may be subject to rounding and only apply to the extent that any minimum premium isn't reached. If you’re eligible for more than one discount, Allianz will apply them in a predetermined order. This means the effect of applying any subsequent discount will be reduced. For example, the aggregate effect of applying two discounts consecutively means that you won't see the full benefit of both these discounts.

    Discounts don't apply to taxes or government charges. 
  3. Up to 30% No Claim Bonus
    When you take out a new policy, Allianz will calculate your No Claim Bonus based on your Landlord Insurance claims history. To qualify for the maximum No Claim Bonus of 30%, Landlord Insurance customers must have had no landlord claims in the preceding three years. However, customers who’ve had claims may still qualify for a reduced No Claim Bonus.

    After each claim-free year, the No Claim Bonus applied to your renewal premium will be increased by 10%, to a maximum of 30%. However, for every claim you make in a year, the No Claim Bonus applied to your renewal premium will be reduced by 10% to a minimum of 0%.

    The No Claim Bonus doesn’t apply to optional Flood cover or Landlords Workers Compensation (if available and selected), but is applied to Rent Default and Theft by Tenant (if selected).
  4. Pay by instalments
    Premiums payable by instalments may be subject to minor adjustments (upwards or downwards) due to rounding, and financial institution transaction fees may apply.
  5. Optional Landlord Workers Compensation
    Only available in ACT, Tasmania and Western Australia. Excludes workers who are working for you in your own business, trade, or profession.
  6. Option to change your excess
    Not available with respect to any additional compulsory excess, or to the imposed excess applied to the policy. Any reduction in premium won't be applied to government taxes and charges, or to optional covers (if available and selected): Landlord Workers Compensation, or Flood. Minimum premiums apply.
  7. 72-hour exclusion period may apply
    Allianz may not provide cover for any loss of or damage to your property caused by cyclone, flood, grassfires and bushfires, during the first 72 hours after you first purchase a policy or increase your cover under an existing policy. For full details of conditions and exclusions, see the relevant PDS.

 

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