AAMI Landlord Insurance

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AAMI is a provider of a range of insurance products including landlord, home and contents, car, health, travel, life, income protection and pet insurance.

Landlord insurance caters to the needs of landlords, providing a home insurance product specifically designed to provide property owners with protection against the financial loss that may result from owning a rental property.

What landlord insurance policies does AAMI offer?

AAMI offers landlord building insurance, landlord contents insurance and combined landlord building and contents insurance. 

AAMI’s combined landlord building and contents insurance covers:

  • Damage to or loss of your rented property’s buildings (including garages, sheds and car ports) and your contents within it caused by an insured event such as fire, break-ins or weather events
  • Loss of rent following an insured event 
  • Quick repair or replacement of your contents 
  • Optional complete replacement cover 
  • Optional tenant protection cover

For a detailed look at what may and may not be covered, see AAMI’s Product Disclosure Statement (PDS). 

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Does AAMI landlord insurance protect you from loss of rental income?

AAMI’s landlord insurance policies cover loss of rent following an insured event. If AAMI accepts your claim for loss or damage and it agrees the rental property cannot be lived in, AAMI says it will pay the weekly rental amount for the reasonable amount of time it takes to repair or rebuild. 

AAMI also allows you to add tenant protection as an optional extra. This is designed to protect you against the costs of unpaid rent and theft or malicious damage caused by your tenants and their guests. Check the PDS for more information. 

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AAMI Landlord Insurance FAQs

A landlord insurance policy generally provides you with cover should damage or loss be caused to your rental property due to events such as fire, flood and storm. AAMI landlord insurance also allows you to cover damage caused by tenants and their guests as an optional extra. 

Under AAMI landlord building insurance, building cover includes items such as garages, car ports, gates, fences, decks and fixed swimming pools. Please check the PDS for more information on possible exclusions.

Landlord insurance can also protect property owners against damage to the contents they own in their investment home. This includes any furniture and household goods that are in the property for the use of the tenant.

AAMI landlord contents insurance covers contents such as carpet and rugs, blinds and curtains, furniture and kitchenware.

In insurance terms, a ‘defined event’ (also known as a ‘listed event’) on a policy is a damage-causing event which you’re insured for under that policy.

AAMI landlord insurance covers for you the following insured events:

  • Flood
  • Storm
  • Lightning
  • Fire
  • Earthquake
  • Tsunami
  • Theft or burglary
  • Accidental breakage of glass 
  • Escape of liquid
  • Impact
  • Damage by an animal
  • Explosion
  • Riot, civil commotion or public disturbance
  • Malicious acts and vandalism 

For full details on what AAMI does and doesn’t cover you for, read AAMI’s PDS.

Flood damage can be treated as different to storm damage by certain insurers, and as a result you may not be automatically covered for it. AAMI says its landlord insurance covers flood and storm. Check the PDS for information about exclusions and conditions that may apply.

Landlord insurance policies may also offer additional benefits that can be added to suit your unique needs as a landlord for an extra fee. AAMI says you can add the following benefits to your landlord insurance policy:

  • Complete Replacement Cover – you may be able to insure your building under complete replacement cover rather than on a building sum insured basis. 
  • Tenant Protection – this covers loss of rent due to tenant default, theft or burglary by tenants or their guests, malicious acts or vandalism by tenants or their guests, and replacement of locks.

Yes, AAMI offers home insurance for owner occupiers. You can choose to take out either home insurance, contents insurance or combined home and contents insurance. Learn more about AAMI’s home insurance policies here. 

You can also compare a range of other home insurance policies on Canstar’s database:

Compare Home Insurance

You can get a quote for AAMI landlord insurance online. If you have any questions or need help, you can contact AAMI over the phone or request a call-back from an AAMI representative.

AAMI was founded over 40 years ago and says it continues to provide a ‘level of service that sets it apart’. AAMI says you can make a claim 24 hours a day, seven days a week. AAMI is part of the Suncorp Network, which includes services and products from brands like Suncorp, GIO, Apia, Shannons and Bingle. 

Written by: Tamika Seeto | Last updated: July 12, 2019