on your first year’s premium when you quote & buy a new landlord policy online1,4
24/7 online claims lodgement
Pay by the month at no extra cost6
Insure your investment property and landlord’s contents for insured events such as fire7, theft, storm7 and malicious damage.
A residential investment property needs to be appropriately insured. Landlord Insurance can give you the confidence that your property will be covered should something go wrong. Over Fifty’s Landlord Insurance covers the property and/or the contents you provide for your tenant’s use from loss or damage by insured events.
Policy inclusions
Cover for the unexpected
Over Fifty’s Landlord Insurance offers cover for your investment property for out of the ordinary but devastating events such as fire7, storm7 and burglary.
Legal liability
Over Fifty’s Landlord Insurance will cover your legal liability up to $20 million for payment of compensation relating to death, bodily injury or illness, and/or physical loss of or damage to property caused by an accident (or series of accidents). If you have contents cover only, it does not cover any legal liability you may incur as owner of the buildings unless the buildings are defined as a lot.
Make 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, Over Fifty’s Landlord Insurance will pay up to $5,000 (after deduction of any government or council rebates) to help you make the new buildings more environmentally friendly.
Landlord Contents
Over Fifty Insurance Landlord Insurance 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, Over Fifty Insurance Landlord will pay up to the lesser of $10,000 or the remainder of the sum insured after payment of the buildings claim, for certain landlords contents under this additional benefit.
Rental costs after an insured event
If your buildings are damaged by an insured event and can’t be lived in by your tenant, or access to or use of the buildings is not possible for at least 7 days after an insured event, Over Fifty Insurance will pay for your loss of rent on the buildings for up to 12 months if you have buildings cover or if your building is part of a strata title development and you have contents cover only.
Rebuilding and professional fees
If you have buildings cover and need to rebuild your buildings after total loss or damage, Over Fifty Insurance will help pay the reasonable costs of architects, engineers, surveyors and solicitors up to $5,000.
Debris removal
Over Fifty’s Landlord Insurance will cover up to 10% of the building sum insured for removing debris from your insured address if your building is damaged or destroyed by an insured event.
24/7 online claims lodgement
When you need to make a claim Over Fifty Insurance are there for you with 24 hour claims lodgement available online, or you can call the claims line to commence the claims process over the phone.
Contents in the open air at the insured address
If you have contents cover, Allianz will cover contents in the open air (that you own and that you have provided for your tenants use) which have been lost or damaged by an insured event covered by your policy, up to a maximum amount of $1000.
Prefer to talk to a real person?
Call our friendly and experienced customer care team (Monday to Friday 8:30am to 6pm AEST)
Policy Documents and Key Fact Sheets
For full details of the standard terms, conditions, limits and exclusions that apply please read the Product Disclosure Statement (PDS), any applicable supplementary PDS before making a decision to purchase the insurance.
The Landlord Buildings and Landlord Contents Key Fact Sheets (KFS) also sets out some information about the cover.
Optional covers
Apply to add any of these optional covers for an additional premium and greater cover
Rent default & theft by tenant
Option to be covered for loss of rent due to specified rental defaults, up to $10,000 in total for all claims during the period of insurance.
Cover for loss or damage to your insured buildings or contents caused by theft, burglary or housebreaking committed by your tenant or invitees of your tenant.
Landlord workers’ compensation cover
Cover for the compensation amount you are liable to pay if you employ a domestic worker and they are injured while working for you at the insured address. Only available in ACT, WA and TAS
Flood cover
Flood cover may be available as an optional cover to your buildings and/or contents. A 72 hour exclusion period applies. 7
What events does Landlord Insurance cover?
- Fire or smoke (including bushfires and grassfires)7
- Theft or burglary
- Storm7 and cyclone7, rainwater or run off (not including flood which subject to eligibility may be available under the optional Flood cover)
- Lightning
- Water or other liquid damage
- Impact damage
- Earthquake8 or tsunami
- Accidental breakage of glass or ceramic items
- Vandalism or malicious damage
- Explosion
- Riots or civil commotion
Landlord Insurance Calculators
It’s up to you to decide the sums insured, and the type and level of cover that you want to take out. People generally want enough insurance to cover the property’s estimated replacement value. If you don’t have enough cover, you could end up having to cover some of the costs yourself. Remember, Allianz will only pay up to the amount of your loss or the sum insured, whichever is the lesser (subject to the policy terms and conditions) – so you should also be careful not to over insure. That’s why we’ve provided these calculators. They work as guides to help you estimate the replacement value of your landlord building and contents.
Building replacement calculator
Contents replacement calculator
How to make a claim
Make a claim 24/7 using our online claims form or call 13 10 13 to speak to a consultant.
What you need to get started
You’ll need the following details to start your claim. The Claims team will contact you to discuss next steps once your claim is received.
- Your policy information
- Information about the incident, such as the date, where the damage occurred, etc.
- Details about the loss or damage you are claiming for
- Information about any other people, vehicles or property involved.
Frequently asked questions
Who is Landlord insurance policy designed for?
This insurance policy has been designed for people who are renting their property out to tenants under a residential rental agreement.
Contents owned by you (or for which you are legally responsible) and provide for the use of the tenants may also be covered under the policy.
This policy is not suitable for covering the building or contents of the home you live in. In this regard, Allianz offer a Home and Contents product that has been specifically designed for homeowners or renters.
For more information on Home and Contents insurance, please visit the product page.