Protect your investment property and landlord’s contents from insured events such as theft, fire, storm and malicious damage.
- Cover for your investment property
- Save up to 10% on your first year’s premium when you buy a new policy online1,4
- Pay by the month at no extra cost6
Why Landlord Insurance?
A residential investment property needs to be appropriately protected. Insurance can give you the peace of mind and confidence that your property will be looked after should something go wrong. Police Credit Union Landlord Insurance covers the property and/or the contents you provide for your tenant’s use.
To help you decide the cover you need, Here’s a brief outline of the difference between buildings and contents cover.
- Designed to cover the physical structures that make up your property, like the house itself, garage, sheds, permanently installed swimming pools and decks. Generally for customers who own a freehold home – like a house, townhouse, terrace or semi-detached dwelling.
- Designed to cover items at your property – from furniture, removable domestic appliances and white goods 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.
Choose your cover
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 terms, conditions, limits and exclusions that apply please read the Product Disclosure Statement (PDS), any applicable supplementary PDS and the Landlord Buildings and Landlord Contents Key Fact Sheets (KFS) before making a decision to purchase the insurance.
Select the cover to suit your needs (effective 16 December 2019).
Features & Benefits
Rebuilding and professional fees
If you 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 protection for your investment property for out of the ordinary but devastating events such as fire, storm and burglary.
Making your buildings environmentally friendly
If 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 to help you make the new buildings more environmentally friendly.
In the event you require repair or replacement of your contents you own and provide for your tenant’s use. If you select buildings cover, Police Credit Union Landlord Insurance will pay up to $10,000. Alternatively, if you select contents cover, Police Credit Union Landlord Insurance will pay, up to the sum insured.
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, we agree access to or the use of your buildings was not possible, Police Credit Union Landlord Insurance will pay for your loss of rent on the buildings for up to 12 months.
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.
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.
24/7 emergency claims assistance
When you need to make a claim Allianz are there for you with a 24 hour claims line, helping you get back on track again as soon as possible.
Contents in the open air at the insured address
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 $200.
Add any of these optional covers for an additional premium and greater cover.
Rent default and theft by tenant
- Option to be covered for loss of rent due to specified rental defaults, up to $10,000 in total.
- 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.
Flood cover may be available as an optional cover to your buildings and/or contents. A 72 hour exclusion period applies.
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.
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, we will only pay up to the amount of your loss or the sum insured, whichever is the lesser – 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
If you purchased Home or Landlord Insurance before 16 December 2019, please refer to the relevant Product Disclosure Statements, any applicable supplementary PDS and Buildings or Contents Key Fact Sheet/s.
Landlord Insurance Product Disclosure Statement
Key Facts Sheets
Get in touch
Online, any time.
A convenient way to lodge a claim is via the online claim form. You can submit your insurance claim notification 24 hours a day, 7 days a week. It takes less than 10 minutes to complete the online claim form, and once received, a friendly claims consultant will contact you as soon as possible.
Over the phone – 24 hours a day, 7 days a week claims hotline.
Call 1300 555 030 for claims.