Products
RentCover landlord insurance is a range of specialised insurance products for investment property owners, real estate agents and property managers, with all the features and inclusions you need to comprehensively protect your investment.
Whether it be loss of rent, damage by tenants or defined risks such as fire and storm, RentCover has what you need for a good night’s sleep.
RentCoverUltra
Landlords insurance for rent loss and property damage as well as liability risks. Includes cover for almost every tenant-related risk as well as fire, storm and other defined events.
RentCoverUltra
Even the best tenants can have difficulties or accidents that can result in property damage and lost rent. RentCoverUltra covers you against theft and damage (accidental or malicious) by your tenants or their guests up to $50,000. It also covers rental income loss due to unpaid rent (depending on the circumstances) or vacancy while insured damage is repaired.
Ideal for permanently let units or townhouses, RentCoverUltra includes cover against ‘defined events’ such as fire, storm and water damage as well as liability up to $30,000,000, so you won’t need a separate contents policy.
If you are insuring a house, you may like to consider RentCoverPlatinum which includes a comprehensive building policy as well as the tenant-related risks of RentCoverUltra.
What is covered by RentCoverUltra
| Loss of Rent due to: |
Cover |
Denial of Access
|
52 weeks |
| Prevention of Access |
52 weeks |
| Default of Rent |
6 weeks |
| Departure without notice |
6 weeks |
| Breaking of lease |
6 weeks |
| Malicious Damage¹ |
52 weeks |
| Accidental Damage to Contents¹ |
52 weeks |
| Accidental Damage to Building |
52 weeks |
| Theft by Tenant¹ |
52 weeks |
| Hardship |
6 weeks |
| Death of a Tenant |
52 weeks |
| Defined Risks to contents (Fire and storm etc.)² |
52 weeks |
| Damage & Theft (building) |
| Malicious Damage |
$50,000 |
| Accidental Damage |
$50,000 |
| Theft by the Tenant |
$50,000 |
| Damage & Theft (contents) |
|
| Malicious Damage¹ |
$50,000 |
| Accidental Damage¹ |
$50,000 |
| Theft by the Tenant¹ |
$50,000 |
| Defined Risks (Fire and storm etc.)² |
$50,000 |
| Legal Costs |
$5,000 |
|
Legal Liability |
$30,000,000 |
| Professional fees due to Tax Audit |
$1,000 |
|
Workers Compensation (WA) |
Included |
Excess
| Loss of Rent |
Nil |
| Malicious Damage |
$400 Per Claim |
| Accidental Damage |
$400 Per Event |
| Theft by the Tenant¹ |
$400 Per Claim |
| Legal Expenses |
Nil |
| Owners Liability |
Nil |
| Contents fire and perils |
$200 per claim
(except earthquake $250 and cyclone $500)
|
¹ Contents for Malicious Damage, Accidental Damage and Theft by the Tenant refers to those items specified in the policy. Malicious Damage for contents items supplied by the landlord for the tenants' use can be insured for a small additional premium.
² Defined risks (fire, storm, water damage etc.) applies to contents items supplied by the landlord for the tenants' use.
RentCoverPlatinum
Comprehensive landlords' building and contents insurance combined with the tenant-related features of RentCoverUltra, all built into one cost-effective package.
RentCoverPlatinum
When insuring a house let permanently to tenants you need to insure the building and contents (carpets, curtains, blinds etc.) as well as the tenant-related risks. RentCover
Platinum makes it simple, fast and inexpensive to combine comprehensive cover for the building and contents with the protection of landlords' insurance in one policy.
So whether your tenant breaks their lease, damages your property, or whether there is a fire that causes a total loss, you will know that you are protected by RentCover
Platinum.
With RentCover
Platinum, you're covered for damage to the building and/or contents through fire, earthquake, explosion, storm or rainwater (but not flood) glass breakage, impact, theft, fusion, malicious acts by intruders or water damage from burst pipes or overflowing sinks.
You are also covered for almost every risk where a tenant does something wrong including malicious or accidental damage by the tenant, loss of rent due to broken leases, absconding tenants, denial of access and more. You’re even covered for up to $30,000,000 legal liability.
What is covered by RentCoverPlatinum?
| Loss of Rent due to: |
Cover |
Denial of Access
|
52 weeks |
| Prevention of Access |
52 weeks |
| Default of Rent |
6 weeks |
| Departure without notice |
6 weeks |
| Breaking of lease |
6 weeks |
| Malicious Damage¹ |
52 weeks |
| Accidental Damage to Contents¹ |
52 weeks |
| Accidental Damage to Building |
52 weeks |
| Theft by Tenant¹ |
52 weeks |
| Hardship |
6 weeks |
| Death of a Tenant |
52 weeks |
| Defined Risks to contents (Fire and storm etc.)² |
52 weeks |
| Damage & Theft (building) |
| Malicious Damage |
$50,000 |
| Accidental Damage |
$50,000 |
| Theft by the Tenant |
$50,000 |
| Defined Risks (Fire and storm etc.)² |
Up to sum insured
|
| Damage & Theft (contents) |
|
| Malicious Damage¹ |
$50,000 |
| Accidental Damage¹ |
$50,000 |
| Theft by the Tenant¹ |
$50,000 |
| Defined Risks (Fire and storm etc.)² |
$50,000 |
|
Legal Costs |
$5,000 |
|
Legal Liability |
$30,000,000 |
|
Professional fees due to Tax Audit |
$1,000
|
|
Workers Compensation (WA) |
Included |
Excess
| Loss of Rent |
Nil |
| Malicious Damage |
$400 Per Claim |
| Accidental Damage |
$400 Per Event |
| Theft by the Tenant¹ |
$400 Per Claim |
| Legal Expense |
Nil |
| Owners Liability |
Nil |
| Contents fire and perils |
$200 per claim
(except earthquake $250 and cyclone $500) |
Building fire and perils |
$200 per claim
(except earthquake $250 and cyclone $500) |
¹ Contents for Malicious Damage, Accidental Damage and Theft by the
Tenant refers to those items specified in the policy. Malicious Damage
for contents items supplied by the landlord for the tenants' use can be
insured for a small additional premium.
² Defined risks (fire, storm, water damage etc.) applies to contents items supplied by the landlord for the tenants' use.
RentCoverShortTerm
Insurance for short term rental properties such as holiday letting and corporate leasing. Cover includes features often not included in standard household policies.
RentCoverShortTerm
Short term accommodation leased for business or vacations needs specialised insurance to protect you against a range of risks not usually covered by residential or landlords insurance.
RentCover
ShortTerm gives you comprehensive cover for contents (including game consoles, linen and crockery) of your short term rental property up to $50,000, for damage caused by your tenants or their guests, whether that damage is accidental or malicious. In addition it covers you for legal expenses incurred in minimising a loss, legal liability up to $20,000,000 and even professional fees incurred due to a tax audit up to $1,000.
RentCover
ShortTerm also covers your property against a range of defined events such as fire, storm damage, water damage, glass breakage and a range of other insurable occurrences.
If you own a property let for short periods, such as Holiday Letting or Corporate Leasing, you can relax with RentCover
ShortTerm.
Consider the features of RentCover
ShortTerm, which may not be available on other short term accommodation insurance policies:
- Your contents are automatically covered for up to $50,000.
- Your insured contents include game consoles and crockery.
- You are covered for lost rent up to $50,000 if your property can't be let due to an insured event.
- Your legal liability is covered up to $20 million.
- You are covered against both accidental damage and malicious damage by your tenants or their guests.
- As long as reasonable security measures are in place, like working locks, it covers your property.
- If buildings are insured, your building is covered for 'new for old' replacement regardless of age.
- Your legal expenses are covered up to $5,000 when incurred by you in minimising a loss.
- Your costs in regard to professional fees of up to $1,000 are covered if incurred due to a tax audit in respect of income from your property.
Excess
Loss of Rent
|
Nil |
| Malicious/Deliberate Damage and Theft |
$350 Per Claim |
| Accidental Damage |
$350 Per Claim |
| Legal Expenses |
Nil |
| Owners Liability |
Nil |
|
Contents fire and perils |
$200 per claim
(except cyclone $1,000) |
Building fire and perils
|
$200 per claim
(except cyclone $1,000)
|
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