Compare Landlord Insurance

Landlord insurance providers in Australia

If you’re trying to make your own shortlist of products that might suit your needs, you could start by considering the 5-Star rated products listed on our comparison page – see the top of this page.

Below is a list of the Award-winning landlord insurance providers from Canstar’s 2025 Landlord Insurance Star Ratings and Awards.

• AAMI
• Australia Post
• Bank of Melbourne
• Bank SA
• NRMA
• QBE
• St. George
• Suncorp
• Westpac

Compare landlord insurance providers using the comparison selector tool at the top of this page.

Landlord Insurance Glossary

Please note that these are a general explanation of the meaning of terms used in relation to landlord insurance. Your insurance provider may use different wording and you should read the terms and conditions of your insurance policy carefully to understand what you are and are not covered for. Refer to the Product Disclosure Statement (PDS), the Target Market Documentation (TMD) and other applicable documentation from your provider.

What is accidental damage?

Accidental damage in a landlord insurance policy generally refers to damage caused by an event or incident that the landlord and the tenant did not intend or expect but that was not caused by a natural disaster. Examples could include accidentally putting a hole in a wall while moving furniture around, or accidentally spilling red wine on the carpetThanks.

What is a bond?

A bond is money paid by a tenant and held as security by the landlord against any possible future property damage, outstanding rent, or other costs.

What is building replacement value?

The building replacement value is the amount it would cost you to totally rebuild the property at today’s prices, taking into account any renovations or improvements you have made previously to increase the property’s value.

What is duty of disclosure?

Duty of disclosure is when a policy requires a landlord to be honest and tell their insurer everything they know or should know, if a reasonable person would consider it relevant to the insurer’s decision to offer insurance under the policy. A failure to disclose information fully could result in a claim being reduced or refused, or your policy being cancelled entirely.

What is an excess?

The excess of a policy is the amount you must pay the insurer for each incident when you make a claim. The amount and type of excess that applies to different types of claims under your policy should be listed on your Certificate of Insurance.

What are exclusions?

Exclusions are anything not covered by your policy. Exclusions vary between insurance providers.

What are fixtures and fittings?

Fixtures and fittings are household items or equipment that are permanently attached to the building, which could include carpets, curtains and air-conditioners.

What is flood cover?

Flood cover is insurance that covers damage when normally-dry land is covered by water that has escaped or been released from a lake, river, creek, or other natural watercourse; or a reservoir, canal, or dam. This does not cover damage caused by the sea, such as a tsunami. If you have concerns about flood cover, check with your insurance provider.

What is fusion?

Fusion is the burning out of an electric motor or its wiring, caused by the electric current in it. Common items that might be claimed under fusion cover include washing machines, clothes dryers, refrigerators, and pool filters.

What are inclusions?

Inclusions are anything covered by your policy. When a particular event is listed as being included in your policy, the insurer will cover a set amount of the cost involved in repairing the damage or replacing damaged items.

What is new-for-old replacement?

New-for-old replacement is when your insurer will replace items with new items or repair them with new materials. Many policies specify that you can only claim new-for-old replacement for an item if it is less than a certain number of years old.

What is optional cover?

Optional cover is extra insurance cover above that included in the standard or basic policy. You can ask your insurer to add optional cover to your policy for a higher premium. Common examples of optional cover include accidental glass breakage, or storm damage to gates and fences.

What is sum insured?

Sum insured is how much money you are insured for. This is generally the maximum amount you can claim for a particular incident.

What is a unit?

A unit is a dwelling in the form of an apartment, flat, villa, or townhouse, subdivided according to the strata title laws in the state or territory where the dwelling is located.

What is unoccupied excess?

Unoccupied excess is when an insurance provider may charge an additional excess for a claim for a covered incident if your property remained continuously unoccupied for a certain length of time.

Why do you need landlord insurance?

If you own an investment property and rent it out to tenants, then landlord insurance is important, in that you will be covered for the cost of repairs to the home should it be damaged, or replacement of contents, if you choose.

Moreover, landlord insurance is important because you could face an expensive public liability claim if a renter injures themselves on the property. Owner-occupier home and contents policies typically will not provide cover if the property is rented out.

How much does landlord insurance cost?

There is no set cost for landlord insurance, and the price can be determined by a number of different factors, including:

• The crime rate in the local area: if your investment property is in an area that is known to be high-risk for burglary or other types of crime, this could drive up the cost of your premiums.
• The price you charge for rent: Landlord insurance can cover you for loss of rent, so therefore, the more rent you charge your tenants, the higher the premiums an insurance provider might charge you.
• The replacement cost of contents you own: If you choose, you can include the replacement cost of items such as carpets and blinds as a component of landlord insurance, and this can have an effect on the price.
• The risk of extreme weather events: If your investment property is in an area that is known to be at a high risk of weather events like floods, storm surges or bushfires, then the premiums you pay for landlord insurance might be higher as a result.
• The level of cover and excess you choose: The more extensive the cover you choose, the higher your premiums might be. This might be offset by your excess, which is the amount payable when you make a claim before your insurance pays out. The higher the excess you choose, the cheaper your premiums might be.
• The number of properties you are insuring: Some insurance providers offer a multi-policy discount, meaning that if you are insuring more than one property, you may be able to save on premiums depending on your provider.

Is landlord insurance tax deductible?

According to the Australian Tax Office (ATO), property investors may be able to claim deductions for ‘most’ of the expenses incurred while renting a property out, and these expenses may include things related to the maintenance and management of the property.

If you want to know more about possible tax deductions, then it may be worth your while to consult with a qualified accountant to find out if you are eligible for a possible tax deduction related to landlord insurance.