Landlord insurance

Protect your investment property & contents

A residential investment property needs to be appropriately protected. Insurance can give you the confidence that your property will be looked after should something go wrong. Allianz Landlord Insurance through Hume Bank covers the property and/or the contents you provide for your tenant’s use.

Landlord insurance

Save up to 10%

on your first year’s premium when you quote and buy online1, 2

Your insurance options

If you’re living in the home you own, or renting a house from someone else, this won’t be the product for you. Instead, check out our other insurance options.

Why insure your investment property & contents with us?

Protect your investment property and landlord’s contents from insured events such as theft, fire4, storm and malicious damage.

Peace of mind

Cover for your investment property.

Online discount

save up to 10% on your first years premium when you quote and buy a new policy online1,2.

Flexible payments

Pay by the month at no extra cost3.

Choosing your cover

To help you decide the cover you need, here’s a brief outline of the difference between Buildings and Contents cover.

Building

Designed to cover the physical structures that make up your property, like the house itself, garage, sheds, permanently installed swimming pools and decks.

Contents

Designed to cover items at your property – from furniture, white goods and removable domestic appliances which belong to you as the landlord and that you have provided for the use of your tenant. It also covers your carpets and window furnishings.

How you’ll be covered

The better you understand your policy, the easier it will be if you ever have to claim.

Here is a limited summary of the benefits of a landlord insurance policy. For full details, of the standard terms, conditions, limits and exclusions that apply please read the Product Disclosure Statement (PDS), and any applicable supplementary PDS before making a decision to purchase this insurance.

The Landlord Buildings and Landlord Contents Key Fact Sheets (KFS) also sets out some information about the cover. Select the cover to suit your needs. Effective 22 February 2021.

Landlord coverage

Type Details
Cover for the unexpected Allianz offers protection for your investment property for out of the ordinary but devastating events such as fire4, storm and burglary.
Legal liability Allianz 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 propertycaused 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.
Making your buildings environmentally friendly If your buildings are totally destroyed and need to be rebuilt, in addition to your buildings sum insured, Allianz will pay up to $5,000 (after deduction of any government or council rebates) to help you make the new buildings more environmentally friendly.
Landlords contents Allianz 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, Allianz 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 after an insured event Allianz 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 need to rebuild your buildings after total loss or damage, Allianz will help pay the reasonable costs of architects, engineers, surveyors and solicitors up to $5,000.

Debris removal

Allianz will pay up to 10% of the building and/or contents sum insured for removing debris from your insured address if your buildings are damaged or destroyed by an insured event.

24/7 claims assistance

When you need to make a claim Allianz 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

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.

Optional coverage

Apply to add any of these optional covers for an additional premium and greater cover.

Type Details
Optional cover – 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.
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.
Optional cover – Flood cover Flood cover may be available as an optional cover to your buildings and/or contents. A 72 hour exclusion period applies.

Tools to get you started

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.

What you should know

Buildings insurance is designed to protect the physical structures and fixtures that make up your buildings: from the house itself, to the garage, fences and paved driveways – even built-in appliances like showers and baths, hot water systems, air-conditioners and more.

Contents insurance protects the belongings you have at the insured address that you have provided for the use of your tenant: from your furniture, carpet and appliances and even your BBQ. So, if any of the insured events happen during the period of insurance, we’ll generally pay to repair or replace your contents – up to the policy limits.

We do not provide advice based on any consideration of your objectives, financial situation or needs. Terms, conditions, limits and exclusions apply. Before making a decision please refer to the relevant Landlord Product Disclosure Statement (PDS), any applicable supplementary PDS and Landlord Buildings or Landlord Contents Key Fact Sheets also available for reference.

Frequently asked questions

  • What do I do if I need to make a landlord insurance claim?

  • Am I covered for Flood?

  • How do I know if I have optional covers on my policy?

  • Who is Landlord insurance policy designed for?

  • How should I determine the replacement value of my buildings?

Things you should know

Hume Bank ABN 85 051 868 556. AFSL/Australian Credit Licence No. 244248 arranges this insurance as agent for the insurer Allianz Australia Insurance Limited ABN 15 000 122 850 AFSL No 234708. We do not provide any advice based on any consideration of your objectives, financial situation or needs. Terms, conditions, limits and exclusions apply. Before making a decision, please consider the relevant Product Disclosure Statement available from humebank.com.au or by calling 1300 004 863. The relevant Target Market Determination is available by calling 1300 004 863. If you purchase this insurance, we will receive a commission that is a percentage of the premium. Ask us for more details before we provide you with services.

1 Online discount – When you quote and buy a new Landlord online a premium discount of up to 10% is applied to your first years premium including the optional covers (if selected) Flood & Rent Default and Theft by Tenant. This discount is not applied on renewal.

2 Minimum premiums – If you are eligible for more than one discount, Allianz applies them in a predetermined order. This means any subsequent discount will be applied to the reduced premium amount after applying any prior discounts and the effect of the subsequent discount will be reduced. For example, the aggregate effect of applying two 10% discounts consecutively means that you will not see the full benefit of both these discounts. Discounts do not apply to taxes or government charges. Discounts do not apply to optional covers for Domestic workers’ compensation / Landlord workers’ compensation, and may not apply to other optional covers (if available and selected). Any discounts/entitlements may be subject to rounding and may only apply to the extent that any minimum premium is not reached.

3 Installment premiums – If you choose to pay your premium by installments you do not pay us any more than if you pay your premium in one lump sum annually. The premiums payable by installments may be subject to minor adjustments (upwards or downwards) due to rounding. Note: Your financial institution may apply transaction fees to installment payments.

4 72 hour waiting period – We do not provide cover for any loss of or damage to your property caused by cyclone, grassfires and bushfires, during the first 72 hours after you first purchase a policy or increase your cover under an existing policy.