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BENEFITS YOU CAN EXPECT
Why Choose Landlord Insurance Through Ansvar
CHOOSE THE COVER YOU NEED
Insuring Your Property Investment
Landlord Insurance through Ansvar provides essential cover for your investment property including the buildings and contents you provide for your tenants use from loss or damage by insured events. Depending on the cover you choose, your policy can insure you from financial loss if your buildings are damaged or destroyed, or if the contents you provide for your tenant’s use are damaged, stolen or lost.
To help you decide the cover you need, here’s a brief outline of the difference between our Landlord Buildings and Contents cover.
LANDLORD BUILDINGS INSURANCE
Designed to insure the physical structures that make up your property, like the house itself, garage, sheds, permanently installed swimming pools and decks, paved driveways and even built in appliances like hot water systems, air-conditioners and more.
Get a QuoteLANDLORD CONTENTS INSURANCE
Designed to insure 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, window furnishings and even your BBQ up to policy limits.
Get a QuoteFeatures and Benefits
The better you understand your policy, the easier it will be if you ever need to make a claim. Below is a summary of the features and benefits of the landlord insurance policy.
For full details of the standard terms, conditions, limits and exclusions that apply please read the Landlord 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) provides a useful overview of the key elements of the cover provided.
Key Features & Benefits
Cover for the unexpected
Cover for your investment property for out of the ordinary but devastating events such as fire5, storm5 and burglary.
For cyclones, floods, grassfires and bushfires a 72 hour exclusion period may apply5.
Legal liability
Landlord Insurance through Ansvar 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.
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, Ansvar 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
Ansvar 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, we 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 Ansvar 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 if you need to rebuild your buildings after total loss or damage, Ansvar Landlord Insurance will help pay the reasonable costs of architects, engineers, surveyors and solicitors up to $5,000.
Debris removal
Ansvar 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.
24/7 claims assistance
When you need to make a claim Allianz are there for you with 24 hour claims notification 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, Ansvar 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 $1,000.
Optional Covers
Apply to add any of these optional covers for an additional premium and greater 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 and 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.
Policy Documents & Fact Sheets
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 applicable Landlord Product Disclosure Statement (PDS) and any supplementary PDS relevant to your circumstances.
For Landlord Building and Landlord Content Key Fact Sheets, please refer to the following documents.
Building & Contents Replacement
It’s up to you to decide the sums insured and the type and level of cover that you want. People generally want enough insurance to cover the property’s estimated replacement value.
Having enough cover in place reduces the risk of having to cover the costs and incident to your property yourself. It is important to consider that we 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) which means you should also be careful not to over insure.
To help you we have provided some calculators as useful guide to assist you in estimating the replacement value of your landlord building and contents.
Understanding Your Insurance Premium
When it’s time to renew your insurance, you may find your premium has gone up and wonder why. Understanding your premium and the factors that affect the cost, can help you make sure you’re paying for cover that’s right for you.
Two ways to make a claim
START A CLAIM
Lodge a claim with Allianz using the online claim form
Claim OnlineThe online claims form that you are about to open is connected to the Allianz claims management system
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CALL 1300 555 030
Call Allianz Claims Line and a friendly consultant will assist you with your claim
Frequently Asked Questions
What do I do if I need to make a landlord insurance claim?
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. Contact the Claims Call Centre on 1300 555 030 and advise the Claims Consultant of what has happened: the Claims Consultant will help you through the landlord insurance claims process.
In order to be sure that you are covered under this policy you should always contact us for approval before you incur expenses you wish to claim. If you do not, we will pay for expenses incurred to the amount we would have authorised had you asked us first.
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, we offer a Home and Contents product that has been specifically designed for homeowners or renters.
The replacement value of your buildings is not the same as the market value – you do not need to include the value of the land when calculating the building’s replacement value.
How should I determine the replacement value of my buildings?
The replacement value of your buildings is not the same as the market value – you do not need to include the value of the land when calculating the building’s replacement value.
Things You Should Know (Disclaimers)
Ansvar Insurance Limited; ABN 21 007 216 506. AFSL Licence No. 237826 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. Policy terms, conditions, limits and exclusions apply.
Before making a decision, please consider the relevant Product Disclosure Statement, any applicable supplementary PDS and Home Buildings, Home Contents, Landlord Buildings or Landlord Contents Key Fact Sheet/s. The relevant Target Market Determination is also available by calling 1300 650 540.
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. Minimum premium
Where discounts are applied, your premium is subject to rounding. If more than one discount applies, they’re applied in a predetermined order, so the later discounts apply to the amount already reduced by the earlier discounts instead of the total amount. Discounts do not apply to government taxes and charges.
Most discounts won’t apply below the minimum amount payable for the policy.
2. Online Discount
When you both quote and buy a new Landlord insurance policy online a premium discount of up to 10% is applied to your first year’s premium. This discount is not applied to Landlord workers’ compensation (if available and selected), or upon renewal. Minimum premiums may apply.
3. Instalment Premiums
If you choose to pay your premium by instalments you do not pay us any more than if you pay your premium in one lump sum annually. The premiums payable by instalments may be subject to minor adjustments (upwards or downwards) due to rounding. Note: Your financial institution may apply transaction fees to instalment payments.
4. No Claims Bonus
When you take out a new policy, we calculate your No Claims Bonus (NCB) based on your home or landlord (as applicable) insurance claims history. To qualify for the maximum No Claim Bonus of up to 30%, home insurance customers must have had no Building or Contents insurance claims in the preceding 5 years. Landlord customers must have had no Landlord insurance claims in the preceding 3 years. However, customers who have had claims may still qualify for a reduced No Claim Bonus. We won’t apply the full percentage of the No Claim Bonus if it results in you paying less than the minimum premium.
The No Claim Bonus isn’t applied to the flood component of the premium (if covered), or Landlord workers’ compensation (if available and selected).
5. 72 Hour exclusion period
We may not provide cover for any loss of or damage to your property caused by cyclone, grassfires and bushfires, and certain other insured events during the first 72 hours after you first purchase a policy or increase your cover under an existing policy. Refer to the PDS for a full list of the insured events to which the 72 hour exclusion period applies and the relevant exceptions.
6. Earthquake Excess
An additional imposed excess amount of $250 applies for each claim or loss or damage caused by an earthquake or tsunami, or a series of earthquake or tsunamis, during any period of 48 consecutive hours. For full details of conditions and exclusions please refer to the relevant PDS.