Landlord Insurance - Terri Scheer

Landlord Insurance Residential tenancy

Covers you for tenant-related risks including loss of rental income, and loss or damage by tenants to your building and contents.

Landlord Insurance for $1.50 or less per day^*

Combine with Building and Save⁺.Find out more >

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What's Covered

Loss of rental income

Protects you from loss of rental income as a result of scenarios such as those listed below.

Provides cover for:

Absconding tenant
Defaulting tenant
Failure to give vacant possession
Death of a tenant
Hardship
Untenantable property
Prevention of access
Rent reduction

Protects those furnishings you forget, like curtains, carpets, blinds and light fittings. What contents are covered?

Provides cover for:

Tenant Damage
Flood
Storm or rainwater
Escape of liquid
Fire (including bushfire) or explosion
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Break-in vandalism or theft
Pet damage
Scorching
Impact
Earthquake or tsunami
Glass breakage
Lightning
Oil leakage from any heater
Electric motor burnout
Riot, civil commotion or public disturbance
We do not insure you for bushfire, storm, flood or tsunami in the first 72 hours of your policy. Very limited exceptions apply. Read the PDS for more detail.

Building

Protects your building against: loss or damage caused by tenants, their family or their invited guests. What does building include?

Provides cover for:

Tenant Damage
Pet damage
Scorching

Additional benefits

Legal expenses up to $5,000*
Representation costs up to $500*
Bailiff/Sheriff fees up to $300 per claim

Replacement of locks up to $250
Re-letting expenses in excess of the bond up to $500*
Removal and storage of goods up to $5,000

Legal liability cover up to $20 million
Emergency Service damage up to $1,000

*Reletting, legal expenses and representation costs are only covered under the Landlord Preferred Policy and Scheer Short Stay Policy.

This content applies to policies commenced or renewed on or after 10 August 2024.

For full details of our policies we recommend you read the relevant Product Disclosure Statement.
The Target Market Determination is also available.

Details of what's covered

I have a property manager
Landlord Preferred Policy
I manage the property myself

If your property is managed by a property manager the Landlord Preferred Policy covers permanent or periodic tenancies and includes cover for:

Loss of Rental Income

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Insured Events

Sub-limit

Absconding tenant

Up to 20 weeks loss of rent

Defaulting tenant (by court order)

Up to 20 weeks loss of rent

Defaulting tenant (by termination notice)

Up to 20 weeks loss of rent

Failure to give vacant possession

Up to 28 weeks loss of rent

Death of tenant

Up to 15 weeks loss of rent

Hardship

Up to 4 weeks loss of rent

Untenantable property (due to tenant damage to building)

Up to 52 weeks loss of rent

Untenantable property (due to contents damage)

Up to 6 weeks loss of rent

Up to 52 weeks loss of rent

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

Show Detail

Up to $70,000 cover included per period of insurance, combined with Building Cover. You can increase your cover up to $110,000.

Insured Events

Sub-limit

Tenant Damage

Flood

Storm or rainwater

Escape of liquid

Fire (including bushfire) or explosion

Break-in vandalism or theft

Pet damage

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

Scorching

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

Impact

Earthquake or tsunami

Glass breakage

Lightning

Oil leakage from any heater

Electric motor burnout

Reasonable costs for motors less than 7 years old

Riot, civil commotion or public disturbance

Building

Show Detail

Up to $70,000 cover included per period of insurance, combined with Contents Cover. You can increase your cover up to $110,000.

Insured Events

Sub-limit

Tenant Damage

Pet damage

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

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

Other

Show Detail

Insured Events

Limit

Legal expenses

Up to $5,000 per claim

Representation costs

Up to $500 per period of insurance (with a sub-limit of $300 per claim for engaging a bailiff/sheriff)

Replacement of locks

Up to $250 per claim

Re-letting expenses in excess of the bond

Up to $500 per period of insurance

Removal and storage of goods

Up to $5,000 per tenancy

Up to $20million in legal liability

Up to $1,000 per claim

The Landlord Preferred Self Managed Policy covers landlords who manage the property themselves.

It includes:

Loss of Rental Income

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Insured Events

Sub-limit

Absconding tenant

Up to 20 weeks loss of rent

Defaulting tenant (by court order)

Up to 20 weeks loss of rent

Defaulting tenant (by termination notice)

Up to 20 weeks loss of rent

Failure to give vacant possession

Up to 15 weeks loss of rent

Death of tenant

Up to 15 weeks loss of rent

Hardship

Up to 4 weeks loss of rent

Untenantable property (due to tenant damage to building)

Up to 52 weeks loss of rent

Untenantable property (due to contents damage)

Up to 6 weeks loss of rent

Prevention of access

Up to 52 weeks loss of rent

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

Show Detail

Cover anywhere between $30,000 and $100,000.

Insured Events

Sub-limit

Tenant Damage

Flood

Storm or rainwater

Escape of liquid

Fire (including bushfire) or explosion

Break-in vandalism or theft

Pet damage

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

Scorching

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

Impact

Earthquake or tsunami

Glass breakage

Lightning

Oil leakage from any heater

Electric motor burnout

Reasonable costs for motors less than 7 years old

Riot, civil commotion or public disturbance

Building

Show Detail

Up to $60,000 cover included per period of insurance

Insured Events

Sub-limit

Tenant Damage

Pet damage

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

Scorching

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

Other

Show Detail

Insured Events

Limit

Legal expenses

Up to $5,000 per claim

Bailiff/Sheriff fees up to $300 per claim

Up to $300 per claim

Replacement of locks

Up to $250 per claim

Re-letting expenses in excess of the bond

Up to $500 per period of insurance

Removal and storage of goods

Up to $5,000 per tenancy

Legal Liability

Up to $20million in legal liability

Up to $1,000 per claim

This content applies to policies commenced or renewed on or after 10 August 2024.

For full details of our policies we recommend you read the relevant Product Disclosure Statement.
The Target Market Determination is also available.

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Why Landlord Insurance is important

Landlord Insurance covers you for tenant-related losses. Things like loss of rent due to a tenant breaking their lease or being evicted, or damage caused to your contents by tenants, like drink spills on carpets. Other insurance may not cover these events, and very often, the bond won’t be enough to cover the associated costs.

Combine
and save

If you own a freestanding building, combine one of our Landlord Insurance products with our Residential Building Insurance and receive a 10%⁺ discount on your Residential Building Insurance policy.

Find out more

Landlord Insurance Residential tenancy

What's Covered

Loss of rental income

Contents

Building

Additional benefits

Details of what's covered

Why Landlord Insurance is important

Combine and save

Combine
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