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Landlord Insurance is a type of home insurance that can help protect a property you own and rent out to tenants.
If you own an investment property and decide to rent it out, our Landlord Insurance policy can cover incidents like lost rental income (if your tenant leaves without notice) or repairs to fix furniture or furnishings damaged by a tenant. The policy also covers damage caused by fire, flood, storm, theft, vandalism other insured events.
There's no single 'standard' home insurance policy that's all inclusive. Different policy types, like Home Contents, Home Buildings and Landlord Insurance, allow people to choose based on their circumstances and needs.
Because renting out a property to tenants carries different risks (like loss of rental income), it may be worth considering a specific Landlord Insurance policy.
No, Landlord Insurance isn’t mandatory in Australia.
However, having a Landlord Insurance policy can help protect your property against potential risks like theft, natural events, loss of rental income and more.
The main difference between Home Buildings insurance and Landlord Insurance is that Landlord Insurance accounts for risks specifically related to renting out a property to other people, while Home Buildings insurance does not. That's why Landlord Insurance covers things like rental damage, loss of rent during repairs, legal liability (in some circumstances) and more.
Landlord Insurance can cover the building you’re renting, depending on the policy. We offer 3 options for landlords:
Our building cover includes damages from fires, storms, floods and damage caused by tenants.
Yes, our Landlord Insurance covers damage caused by tenants, including theft, vandalism, intentional damage, pet damage and unauthorised changes. We can also cover removing possessions abandoned by previous tenants.
Yes, you're covered if your tenant stops paying rent or leaves without giving notice during the term of their rental agreement.
However, if you took out a new policy from 14 June 2020 to 17 April 2021, your policy won’t have rent default cover until your policy renews.
To understand what's covered under rent default, read the Product Disclosure Statement (PDS) and the Supplementary Product Disclosure Statement on the Policy booklets page.
You can claim up to 15 weeks of lost rental income. However, we only cover weeks of lost rent after the first four 4 weeks of rent you lose, as this first 4 weeks is our ‘Excluded Period’.
We may also cover any legal costs you incur that are directly related to you recovering the rent owed to you, up to $5,000.
Read the Product Disclosure Statement (PDS) as some terms and conditions apply.
Yes, our Landlord Insurance covers liability for injury or damage. We cover your legal liability if someone’s injured or dies or if their property’s damaged (up to $20 million) if it happens on a property your rent to tenants.
Check the Product Disclosure Statement (PDS) for more details.
Yes, our Landlord Insurance covers damage caused by a tenant's pet. However, the cover only applies to pet dogs, cats or horses kept at your rental property with your approval. It doesn’t apply to wear and tear, routine pet scratches, or incidents caused by dogs declared to be dangerous by the relevant authorities.
Yes, our Landlord Insurance covers broken windows as ‘Accidental breakage of glass’. We can also cover broken ceramics in some furniture or fixtures.
Yes, our Landlord Insurance covers loss and damage caused by fire, including bushfire. Depending on your policy, this includes the contents you own inside your rental property, as well as the building structure.
No, Landlord Insurance doesn’t cover a tenant's contents. Landlord Insurance only covers belongings the landlord provides in the rental property for tenants to use (such as curtains).
Tenants can get personal contents or Renters Insurance policies to have protection for their own belongings in a rented property.
Certain items may need more specialised cover, including:
The landlord pays for building insurance, as they’re the legal property owner. If any damages or incidents affect the building, such as a bushfire, the landlord is responsible for repairs.
No, our Landlord Insurance doesn’t cover short-term rentals or rental agreements under 90 days. Instead, you might consider our Holiday Rental Insurance with ShareCover.
Read the Product Disclosure Statement (PDS) to learn more about what’s covered.
If you have multiple rental properties you would like covered, you'll need to take out a separate policy for each one. We don't cover multiple properties in one policy.
However, we do offer customer discounts based on the number of our products you have. You can call us on 132 132 for more information.
Yes, if you have more than one NRMA Insurance product and you take out a Landlord Insurance policy with us, it will count towards a Multi-Product Discount.
Check our Customer discounts page to learn more about how discounts may be applied to your products.
According to the Australian Taxation Office (ATO) you may be able to claim Landlord Insurance as a tax deduction. Insurance for buildings, contents, public liability and loss of rent is considered a valid expense by the ATO, but it’s always get advice from a tax expert to ensure you have accurate information for your individual circumstances.
It’s quick and easy to apply for a Landlord Insurance policy when you get an online quote.
Have your ID, your rental agreement and a payment method ready to make the purchase as smooth as possible.
Log in to manage your policies, get your documents and update your details online.
We’re here for you. Call us on 132 132.