Outstanding Value Landlord Insurance: 2016 Award Winners

After assessing over 3,300 quotes, CANSTAR has released the 2016 Landlord Insurance Star Ratings research – rating 45 landlord insurance policies across 39 institutions.

An uninsured investment property is a disaster waiting to happen, so landlord insurance is a must-have for any property investor. It may be a grudge purchase, but who says you can’t get a policy that offers value for money?

To help people with this, CANSTAR has revealed the latest batch of star ratings for landlord insurance.

Out of the 39 landlord insurers compared, CANSTAR is pleased to unveil two national award winners and three state award winners. 

Landlord Insurance – 2016 National Award Winners

Recognising the institutions (out of the 39 rated) offering the highest weighted product performance score across all states, these are the 2016 National Award winners for Landlord Insurance:

Terri Scheer

  • Terri Scheer was recognised this year for its wide range of inclusions and suite of comprehensive features in their landlord insurance policy. Their policy covered a variety of risks that are generally not included by other insurance providers.

Allianz

  • This year Allianz was praised for having a comprehensive landlord insurance product at one of the best prices amongst all the competitors. They were a cheaper option than other 5-star rated providers in 7 out of the 14 profiles considered.

 

See how we judged this award by reading our methodology (PDF).

To view the full star ratings results for all landlord insurance policies, check out our interactive comparison table (enter your selection then click compare) or download the PDF report.

Landlord Insurance – 2016 State Award Winners

Recognising the institutions (out of the 39 rated) offering the strongest product performance score relative to each state, these are the 2016 State Award winners for Landlord Insurance:

QLD, VIC, NSW, SA

  • Allianz

Nth QLD (above the Tropic of Capricorn) and TAS

  • Terri Scheer

WA

  • Suncorp

 

See how we judged this award by reading our methodology (PDF).

To view the full star ratings results for all landlord insurance policies, check out our interactive comparison table (enter your selection then click compare) or download the PDF report.

How did we pick the winners?

CANSTAR researchers assessed landlord insurance policies on price and value by analysing an array of characteristics such as:

  • Premium
  • Policy conditions (e.g. cooling-off period, different excess amounts)
  • Claim process (e.g. online, phone, 24-hour service) 
  • Defined events (e.g. earthquake, explosions, lightning) 
  • Landlord cover (e.g. damage, rent loss/default, liability cover, burglary)
  • Building cover (e.g. building inclusions, building policy, under-insurance protection) 
  • Contents cover(e.g. contents inclusions, contents policy, fusion of electric motor) 

 

For more information on how we do our landlord insurance ratings and judge our awards, read our methodology here (PDF).

Compare Landlord Insurance

To the extent that the information in this report constitutes general advice, this advice has been prepared by Canstar Research Pty Ltd A.C.N. 114 422 909 AFSL and ACL 437917 (“Canstar”). The information has been prepared without taking into account your individual investment objectives, financial circumstances or needs. Before you decide whether or not to acquire a particular financial product you should assess whether it is appropriate for you in the light of your own personal circumstances, having regard to your own objectives, financial situation and needs. You may wish to obtain financial advice from a suitably qualified adviser before making any decision to acquire a financial product. Canstar provides information about credit products. It is not a credit provider and in giving you information it is not making any suggestion or recommendation to you about a particular credit product. Please refer to Canstar’s FSG for more information.

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