Elders Landlord Insurance
“Wherever life takes you, we’re with you”
Canstar has researched and rated 46 landlord insurance products from 41 different providers to determine who offers outstanding value for customers. After extensive analysis, we are pleased to announce that Elders Insurance has won the 2017 Outstanding Value Landlord Insurance Award. Congratulations, Elders Insurance!
Read Canstar’s 2017 Star Ratings Research For Landlord Insurance
Why Elders Insurance won
Elders Insurance has won the National Award for Outstanding Value Landlord Insurance. As well as the National Award, Elders Insurance also won in the following states:
- Victoria
- Queensland
- Tasmania
Elders also performed extremely well in New South Wales, Western Australia, South Australia, and North Queensland.
One of the main drivers of Elders’ award-winning performance was its competitive pricing; for each state and region considered, Elders’ premiums were below the market average.
- For building and contents insurance on houses, Elders’ premiums were particularly good value in Tasmania, Queensland, and North Queensland. In Tasmania, its annual premiums were just $741.50, which is 29% less than the market average and the lowest on the market as a whole. Queensland and North Queensland building and contents cover from Elders cost 20% and 15% less than the market average respectively.
- For contents insurance on units, Elders Insurance also offers excellent value, costing at least 20% less than the average in every state measured. Annual premiums for contents cover on Tasmanian units again were 29% cheaper than the market average, while Elders customers in Western Australia could pay 27% less than average for unit cover.
Source: Canstar Landlord Insurance Star Ratings and Awards 2017
In the market for Landlord insurance? The below comparison table features Elders Insurance products currently on the market for house properties sorted by our star rating (Highest-lowest) located in NSW.
Elders also has a very strong feature offering for both units and houses in the states and regions considered. Standard inclusions in Elders’ landlord insurance policy include cover for the following:
- Malicious damage caused by the tenant
- Theft or burglary caused by the tenant, as well as the resulting rental loss
- Liability cover for up to $30 million
- Damage due to storms, excluding the damage caused to gates, fences, retaining walls, or swimming pools.
- The legal costs for evicting a tenant (up to $6,000)
- Changing locks following a claim for rental loss (up to $3,000)
- The option to rebuild at another location, the cost of demolition, and removal of debris in the event of a building claim
- Loss of rent for a variety of reasons, such as:
- Insured events (up to $1,200 per week as a standard inclusion or more for higher premiums)
- Tenants vacating the property unannounced (up to $15,000 or for a maximum of 15 weeks)
- The death of a sole tenant (up to $15,000 or for a maximum of 15 weeks)
- Tenants obtaining a financial hardship order (up to $6,000 or for a maximum of 6 weeks)
- Tenants not ensuring the property is returned vacant and in an acceptable condition (up to $28,000 or for a maximum of 28 weeks)
Additionally, Elders Landlord Insurance is flexible. With an Elders policy, you have the option of paying monthly instead of annually at no extra cost. You can also lodge your claims over the phone if necessary, and there is a 24-hour helpline available to address any concerns or questions you might have.
Compare Landlord Insurance with Canstar
Who is Elders Insurance?
100% owned by QBE Insurance, Elders Insurance is one of Australia’s largest regional and rural insurers, and it operates in more than 150 communities across the country. Its product range includes farm insurance, business insurance, home and motor insurance, as well as landlord insurance.
Elders was founded back in the late 1880s, and has over 100 years’ experience providing insurance policies in metropolitan areas. To help its customers understand more about insurance and related products, Elders supports the Know Risk program, designed by the Australian and New Zealand Institute of Insurance and Finance (ANZIF).
How Elders Insurance supports the community
Elders is driven by a strong desire to make connections with local communities and invests millions of dollars into communities around Australia each year. In addition to the Know Risk program, Elders supports a range of local sporting clubs, as it considers these clubs to be the backbone of many rural communities across the country.
Elders’ parent company QBE also runs the QBE Foundation, a global initiative which supports a host of charities, including:
- Assistance Dogs Australia
- Brainwave
- The Big Issue
- The Kids’ Cancer Project
Source: QBE Insurance
