Holiday Rental Insurance

Untenantable (Building)

Loss of rent if your property becomes untenantable due to tenant damage under Section 3 'Building (tenant damage)'.

52 weeks loss of rent per incident, but no more than $50,000 in any one period of insurance

Untenantable (murder/suicide)

Loss of rent when your property becomes untenantable due to murder or suicide, or attempted murder or suicide at the property which results in damage to the property.

52 weeks loss of rent per incident, but no more than $50,000 in any one period of insurance

Untenantable (death of tenant)

Loss of rent when your property becomes untenantable due to the death of a tenant at the building which results in damage to the property.

26 weeks loss of rent per incident, but no more than $25,000 in any one period of insurance

Untenantable (contents)

Loss of rent when your property becomes untenantable solely due to damage to your contents caused by an insured event listed in ’Section 2: Contents’.

6 weeks loss of rent per incident, but no more than $6,000 in any one period of insurance

Prevention of access

Loss of rent when your tenant does not have access to the insured address, because of one of the following incidents:Damage to a building (but not the insured building), strata title property, road or street;
Burst water main;
Bomb threat or bomb damage;
Street riot;
Lift malfunction at the insured address (and tenant has a medical certificate stating they must use a lift);
Emergency services refuse access to the insured building or evacuate your tenant for safety reasons.
Cover will commence 7 days from the date access is first prevented, until access is restored.

52 weeks loss of rent

Failure to vacate

Loss of rent when your tenant fails to vacate at the end of a documented rental booking and does not pay any additional rent required.

26 weeks of rent per incident, but no more than $25,000 in any one period of insurance

Death of tenant

If your tenant or tenant’s family dies unexpectedly during their period of stay.

12 weeks loss of rent per incident, but no more than $12,000 in any one period of insurance

Break-in vandalism or theft

Theft or damage due to theft caused by: an unknown person (e.g. a burglar)

Earthquake or tsunami

Damage caused by an earthquake or tsunami, but excluding damage caused by the actions or movements of the sea.

Electric motor burnout

If the motor in a household electrical machine or appliance burns out or fuses and that motor is less than 7 years old, we’ll help you take care of repair or replacement.

Reasonable costs for motors less than 7 years old

Escape of liquid

Loss or damage caused by the accidental escape of liquid from: Any drain, fixed pipes, drainage and sewage systems (not forming part of a shower cubicle wall, floor or base); Water mains or pipes; Water tanks, aquariums and hot water systems; Gutters; Washing machines, dishwashers, refrigerators or freezers; Other parts of your building designed to contain or carry liquid such as sinks, basins, baths, showers and cisterns.

Flood

The covering of normally dry land by water that has escaped or been released from the normal confines of any lake, river, creek or another natural watercourse (whether or not they have been altered or modified), or any reservoir, canal or dam.

Glass breakage

Glass breakage in free standing furniture such as table tops, dressing table mirrors and wall units.

Impact

Impact by: a falling tree or part of a falling tree including the roots, power poles, TV antennas or satellite dishes, communication aerials or masts, drones, watercraft, aircraft, motor vehicles or trailers, an object falling from a motor vehicle or aircraft, space debris or meteorites.

Lightning

Lightning including power surge caused by lightning.

Pet damage

Damage caused by a domestic pet that is owned by the tenant. Reptiles are excluded.

Up to $5,000 per period of insurance (Combined with Building damage)

Scorching

Damage to carpet caused by cigarettes, irons or hot cooking pots or pans.

Up to $1,000 per period of insurance (Combined with Building damage)

Storm or rainwater

Damage from violent wind, cyclone or tornado which may also include rain, hail or snow.

Tenant Damage

Theft, loss or damage caused by the tenant, the tenant’s family or the tenant’s invited guests.

Pet damage

Damage caused by a domestic pet that is owned by the tenant. Reptiles are excluded.

Up to $5,000 per period of insurance (Combined with Contents damage)

Scorching

Damage to bench/vanity tops caused by cigarettes, irons or hot cooking pots or pans.

Up to $1,000 per period of insurance (Combined with Contents damage)

Tenant Damage

Theft, loss or damage caused by the tenant, the tenant’s family or the tenant’s invited guests.

Legal expenses

If a loss of rent claim is covered, we will also pay for legal expenses up to $5000 per claim, provided they have been incurred with our prior approval, and are for the purpose of reducing your loss of rent claim or filing a legal defence while the claim is being investigated.

Up to $5,000 per claim

Legal Liability

Our policy covers your legal liability as the landlord for an occurrence which causes death or bodily injury to other people, or damage to other people’s property, up to the limit of $20,000,000.

Up to $20million in legal liability

Emergency Service damage

Damage caused as a result of Emergency Service Personnel entering the property.

Up to $1,000 per claim

Absconding tenant

A tenant who vacates with or without giving you the required notice. Also covers a tenant who vacates at the end of their lease leaving unpaid rent.

Up to 20 weeks loss of rent

Defaulting tenant (by court order)

A tenant’s lease is terminated by court or tribunal order for not paying rent.

Up to 20 weeks loss of rent

Defaulting tenant (by termination notice)

A tenant is issued a termination notice by yourself or your Property Manager for not paying rent.

Up to 20 weeks loss of rent

Failure to give vacant possession

If your tenant refuses to pay rent and vacate the property after a court order requires them to do so.

Up to 15 weeks loss of rent

Death of tenant

If your tenant passes away and they are the sole person on the lease for a permanent tenancy. Or your tenant or tenant's family die during their period of stay for holiday let properties.

Up to 15 weeks loss of rent

Hardship

If a court releases your tenant from their lease obligations, over and above the amount they paid in bond, due to hardship.

Up to 4 weeks loss of rent

Untenantable property (due to tenant damage to building)

If your property isn't fit to house a tenant for a minimum period of 7 days due to tenant damage to your building by an insured event listed under the Building section.

Up to 52 weeks loss of rent

Untenantable property (due to contents damage)

If your property isn't fit to house a tenant for a minimum period of 7 days due to tenant damage to your building by an insured event listed under the Building section.

Up to 6 weeks loss of rent

Prevention of access

Loss of rent when your tenant does not have access to the insured address, because of one of the following incidents:
Damage to a building (but not the insured building), strata title property, road or street;
Burst water main;
Bomb threat or bomb damage;
Street riot;
Lift malfunction at the insured address (and tenant has a medical certificate stating they must use a lift);
Emergency services refuse access to the insured building or evacuate your tenant for safety reasons.
Cover will commence 7 days from the date access is first prevented, until access is restored.

Up to 52 weeks loss of rent

Rent reduction

The property remains tenantable following damage to building or contents but the tenant does not have full use of the property for a minimum of 7 days.

Up to 6 weeks reduction of rent under ‘Section 2: Contents’
Up to 52 weeks reduction of rent under ‘Section 3: Building (tenant damage)’

false

Tenant Damage

Theft, loss or damage caused by the tenant, the tenant’s family or the tenant’s invited guests.

Flood

The covering of normally dry land by water that has escaped or been released from the normal confines of any lake, river, creek or another natural watercourse (whether or not they have been altered or modified), or any reservoir, canal or dam.

Storm or rainwater

Damage from violent wind, cyclone or tornado which may also include rain, hail or snow.

Escape of liquid

Loss or damage caused by the accidental escape of liquid from: Any drain, fixed pipes, drainage and sewage systems (not forming part of a shower cubicle wall, floor or base); Water mains or pipes; Water tanks, aquariums and hot water systems; Gutters; Washing machines, dishwashers, refrigerators or freezers; Other parts of your building designed to contain or carry liquid such as sinks, basins, baths, showers and cisterns.

Break-in vandalism or theft

Theft or damage due to theft caused by: an unknown person (e.g. a burglar)

Pet damage

Damage caused by a domestic pet that is owned by the tenant. Reptiles are excluded.

Up to $5,000 per period of insurance (Combined with Building damage)

Scorching

Damage to carpet caused by cigarettes, irons or hot cooking pots or pans.

Up to $1,000 per year (combined with Building damage)

Impact

Impact by: a falling tree or part of a falling tree including the roots, power poles, TV antennas or satellite dishes, communication aerials or masts, drones, watercraft, aircraft, motor vehicles or trailers, an object falling from a motor vehicle or aircraft, space debris or meteorites.

Earthquake or tsunami

Damage caused by an earthquake or tsunami, but excluding damage caused by the actions or movements of the sea.

Glass breakage

Glass breakage in free standing furniture such as table tops, dressing table mirrors and wall units.

Lightning

Lightning including power surge caused by lightning.

Electric motor burnout

If the motor in a household electrical machine or appliance burns out or fuses and that motor is less than 7 years old, we’ll help you take care of repair or replacement.

Reasonable costs for motors less than 7 years old

Tenant Damage

Theft, loss or damage caused by the tenant, the tenant’s family or the tenant’s invited guests.

Pet damage

Damage caused by a domestic pet that is owned by the tenant. Reptiles are excluded.

Up to $5,000 per period of insurance (Combined with Contents damage)

Scorching

Damage to bench/vanity tops caused by cigarettes, irons or hot cooking pots or pans.

Up to $1,000 per period of insurance (Combined with Contents damage)

Legal Liability

Our policy covers your legal liability as the landlord for an occurrence which causes death or bodily injury to other people, or damage to other people’s property, up to the limit of $20,000,000.

Up to $20million in legal liability