St. George Bank Landlord Insurance

St. George’s home & contents landlord insurance policy may protect you from a loss of rental income due to a variety of factors, including:

• Inhabitability after an insured event such as a fire, flood, storm or riot etc.
• If your tenant defaults on their payment (optional extra)

See the PDS for more information on possible exclusions.

See this article for a quick guide to what landlord insurance is and what it may cover you for.

A landlord insurance policy may provide you with some cover should damage be caused to your rental property by tenants or their guests.

Under St. George’s building & contents landlord insurance policy, cover is also included for the following:

• Damage to any buildings, sheds, garages or fences within the property line
• Damage caused by insured events such as fires, floods, and storms
• Damage caused by riots or civil commotions
• Damage caused by accidental glass breakage
• Electrical motor burnout
• Theft (not by tenant, theft by tenant available as an optional extra)
• Malicious damage (malicious damage by tenant available as an optional extra)

See 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.

While St. George’s building and contents landlord insurance policy is the most common option for landlords and has contents cover included, St. George also offers building cover and contents cover as separate policies. For more information about the different policies, look at the St. George website.

See the PDS for more information on possible exclusions.

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.

Under St. George’s landlord insurance policy, you will generally be covered for the following defined events:

• Storm
• Flood
• Explosion
• Lightening or thunderbolt
• A falling tree or branch
• A riot or civil commotion
• Earthquake
• Fire
• Malicious damage

To see the full list of defined events and any excluded events, see the 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.

St. George’s building & contents landlord insurance does offer cover for flood damage, however please consult the PDS for information about exclusions and conditions that may apply.

Yes, St. George also offers home insurance as well as landlord insurance. At the time of writing, the St. George website does not have a multi-policy discount available; however, they do offer a 15% discount off your annual premium if you purchase a policy online. They also offer a further 10% off if you combine the landlord building and contents cover together on the one policy.

See the difference between home and landlord insurance here.

The table below displays a snapshot of St. George’s home and contents insurance policies on Canstar’s database. The Star Ratings are based on a policy holder under 50 years old in New South Wales for building & contents worth less than $550,000.

Compare Home Insurance

You can purchase a St. George landlord insurance policy by comparing your options with Canstar and generating a quote on the St. George website. They will ask you some questions about your personal details, the cover required, the details of the building, and any optional extras you might be after.

It shouldn’t take longer than 10 minutes.

Compare Landlord Insurance

St. George is best known as the bank with the dragon logo. It was founded in 1937 in the suburbs of Southern Sydney as a co-operative building society. It achieved full banking status in July 1992 and now has over 2.6 million customers in Australia.

In 2008, St. George became part of the Westpac Group. St. George provides Disaster Relief Packages for affected customers, such as after the 2016 bushfires in Western Australia.