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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*

Is your property a holiday rental? View our insurance options here >

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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

Contents

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
  • Show more
  • 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

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

Hide Detail
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
Prevention of access
Up to 52 weeks loss of rent
Rent reduction
Up to 6 weeks reduction of rent under ‘Section 2: Contents’
Up to 52 weeks reduction of rent under ‘Section 3: Building (tenant damage)’

Contents

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)
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
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
Legal Liability
Up to $20million in legal liability
Emergency Service damage
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

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

Contents

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
Emergency Service damage
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.

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 is rated 4.6 out of 5 by 2594.
Rated 5 out of 5 by from Landlord Protection Purchased the Landlord Protection Insurance for our client. Bourkes Real Estate
Date published: 2024-07-03
Rated 4 out of 5 by from Very easy to pick and price is transparent It was eary with few clicks and your information input, the policy is well setup. It would have been good to include other payment options like BSB and monthly debit
Date published: 2024-07-02
Rated 4 out of 5 by from renewal issue I was expecting notification about the renewal , no notifications received , policy expires 16/06/24 and I did not receive any email or SMS form you to renew the ploy
Date published: 2024-06-29
Rated 5 out of 5 by from Easy to follow The PDS was clear and concise and I could understand what was being said.
Date published: 2024-06-28
Rated 5 out of 5 by from Quick and simple - but discount wasn't applied Quick and simple. Features were summed up on web site's front page. However , the advertised 5% discount for on-line purchase did not appear in the price break-down. Otherwise quite happy.
Date published: 2024-06-28
Rated 5 out of 5 by from painless process the online process was easy, enough information online to make an informed decision.
Date published: 2024-06-28
Rated 5 out of 5 by from Happy New Customer Just purchased Landlord Insurance and it was so easy and the annual price was realistic.
Date published: 2024-06-28
Rated 5 out of 5 by from Peace of mind Easy to buy and gives confidence to me as an owner of a rental property
Date published: 2024-06-25
Rated 5 out of 5 by from Easy process Simple and online form that made getting the insurance cover so quick and easy.
Date published: 2024-06-25
Rated 5 out of 5 by from helpful staff i just spoke with Nathan who was friendly and knowledgeable and i was able to gain the information i needed to buy the right policy. Thank you
Date published: 2024-06-25
Rated 5 out of 5 by from Quick and easy I have just signed up and am happy with how easy it was to get a quote.
Date published: 2024-06-24
Rated 5 out of 5 by from TERRIFIC SERVICE Very easy to get across what I was after, through with explanation and very easy to get insurance.
Date published: 2024-06-24
Rated 5 out of 5 by from Brilliant insurance product TS LL insurance policies offer our landlords peace of mind and is very fair and is the best out their compared to other ins companies .
Date published: 2024-06-24
Rated 5 out of 5 by from GREAT INSURANCE COMPANY I used this landlord insurance a few years back. Great company with even better customer service that is hard to find these days.
Date published: 2024-06-24
Rated 5 out of 5 by from Great insurance product Having just renovated it was/is time to protect the investment
Date published: 2024-06-24
Rated 5 out of 5 by from Easy to do. Non complicated and competitive price. Come highly recommend from other clients.
Date published: 2024-06-24
Rated 5 out of 5 by from Easy to deal with Less stressful than dealing with an agent and having to go to an office
Date published: 2024-06-21
Rated 5 out of 5 by from Landlord Insurance application experience Whole experience was excellent. When wanting to purchase via Bpay rather than on a card, phone experience was also excellent.
Date published: 2024-06-20
Rated 5 out of 5 by from Great insurance product and easy to navigate Looking forward to dealing with Terri Scheer and the smooth process
Date published: 2024-06-18
Rated 4 out of 5 by from Establishing the policy over was easy Online quoting/purchasing process of policy was quick and easy to understand. Can't really say anything else as I have no interaction with the organisation as yet.
Date published: 2024-06-18
Rated 5 out of 5 by from Fantastic Product, Better than the rest Thanks, Terri Scheer. Your policy has saved me over $500 per annum.
Date published: 2024-06-17
Rated 5 out of 5 by from So easy! I had been procrastinating about insurance thinking I'd be on the phone for hours... It was done in 5 mins online!
Date published: 2024-06-17
Rated 4 out of 5 by from Landlord insurance Brought it for first rental as recommended by friend who is a property investor
Date published: 2024-06-15
Rated 5 out of 5 by from Great insurance policy I have another policy with Terry Scheer, so it makes good sense to have them from one provider
Date published: 2024-06-15
Rated 4 out of 5 by from insurance Do not know what to write here, property manager recommence it.
Date published: 2024-06-15
Rated 5 out of 5 by from Landlord Insurance Just Purchased. Heard positive things about Terri scheer
Date published: 2024-06-15
Rated 5 out of 5 by from Great Insurance Company I have just purchased my second policy with this company and have great service in the past.
Date published: 2024-06-13
Rated 4 out of 5 by from Terri Scheer Landlord Insurance This is my 3rd Policy with Terri Scheer, good product to look at.
Date published: 2024-06-07
Rated 3 out of 5 by from Easy to organise insurance Easy to set up insurance however they really need to have a customer portal where you can access your policies online
Date published: 2024-06-06
Rated 5 out of 5 by from Great Insurance Product I just bought the landlord preferred insurance policy for my property.
Date published: 2024-06-05
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