Westpac Landlord 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.
Compare Westpac landlord insurance
The table below displays a snapshot of Westpac’s landlord insurance policies on Canstar’s database. Please note the products and Star Ratings displayed are based on a house in New South Wales.
What landlord insurance policies does Westpac offer?
Westpac offers three landlord insurance policies – building & contents insurance, buildings insurance, and contents insurance. They also have two levels of cover available for each policy – Essential Care and Quality Care.
The quality care building & contents policy covers several key risks in order to ensure peace of mind for both tenants and landlords, including:
- Cover for loss of rent – both for inhabitability after an insured event and if your tenant defaults on their payment.
- Damage to property caused by natural disasters or malicious acts.
- Accidental glass breakage
- Legal liability – for damage to third parties occurring on your property.
- Contents including furniture and furnishings
- Keys and locks
Exclusions may apply when it comes to making a landlord insurance claim. Some common exclusions include:
- Gradual deterioration, neglect, lack of maintenance, structural failure or general wear and tear
- Pre-existing damage
- Any costs associated with the cleaning up or removal of asbestos
- Vermin or insects
- Invasion or war
- Erosion
- Any damage done during repairs or alterations being carried out on the house
For a detailed look at what may not be included under a Westpac landlord insurance policy, see Westpac’s PDS.