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Cover for the unexpected
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Allianz offers protection for your investment property for out of the ordinary but devastating events such as fire, storm and burglary.
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Legal liability
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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.
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Making your buildings environmentally friendly
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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.
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Landlord contents
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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.
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Rental costs after an insured event
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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.
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Rebuilding and professional fees
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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.
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Debris removal
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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.
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24/7 claims assistance
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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.
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Contents in the open air at the insured address
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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.
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Optional Covers
Apply to add any of these optional covers for an additional premium and greater cover.
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Optional cover – Landlord workers’ compensation cover
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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
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| 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.
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Optional cover - Flood cover
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Flood cover may be available as an optional cover to your buildings and/or contents. A 72 hour exclusion period applies.
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