Landlord Insurance

Insure your investment property and landlord’s contents for insured events such as theft, fire⁷, storm⁷, flood⁷, and malicious damage.

• Cover for your investment property for 12 insured events including fire⁷, theft, storm⁷, and flood⁷.
• Optional cover available for rent default & theft by tenant
• Save up to 10% on your first year’s premium when you quote and buy a new policy online^1,4
• Pay by the month at no extra cost⁶

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. Police Credit Union Landlord Insurance covers the property and/or the contents you provide for your tenant’s use from loss or damage by 12 insured events.

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

Buildings

• 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.

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 the insurance. The Landlord Buildings and Landlord Contents Key Fact Sheets (KFS) also sets out some information about the cover.

Rebuilding and professional fees

If you have Buildings Cover and need to rebuild your buildings after total loss or damage, Police Credit Union Landlord Insurance will help pay the reasonable costs of architects, engineers, surveyors and solicitors up to $5,000.

Cover for the unexpected

Police Credit Union Landlord Insurance offers cover for your investment property for out of the ordinary but devastating events such as fire⁷, storm⁷, flood⁷, and burglary.

Cover for flood and/or run-off

Covers loss or damage caused by flood⁷, run-off, flood water⁷ combined with run-off and/or rainwater.

Making 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, Police Credit Union 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.

Landlords contents

Police Credit Union 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, Police Credit Union Landlord Insurance 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, Police Credit Union Landlord 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.

Debris removal

In addition to your buildings and/or contents sum insured, Police Credit Union Landlord Insurance will cover 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.

Legal liability

Police Credit Union 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.

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 team to commence the claims process over the phone.

Contents in the open air at the insured address

If you have Contents Cover, Police Credit Union Landlord Insurance 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.

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.

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

Value my home

Contents Replacement Calculator

Value my contents

Do what you reasonably can to prevent any further loss, damage, or liability.
Tell the police as soon as reasonably possible about any malicious damage, theft, attempted theft, burglary, or loss of insured property.

Start your Home Insurance claim online 24/7
Complete the secure online claim form, and a friendly claims representative will contact you as soon as possible to discuss the next steps.

Alternatively, you can contact the Claims Call Centre on 1300 555 030 to submit your claim.
The claims consultant will help you through the home and contents insurance claims process.

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 Landlord Product Disclosure Statement (PDS) any applicable supplementary PDS and Landlord Buildings or Landlord Contents Key Fact Sheets also available for reference.