A residential investment property needs to be appropriately protected. Insurance can give you the peace of mind and confidence that your property will be looked after should something go wrong. Allianz Landlord Insurance through Aussie covers the property and/or the contents you provide for your tenant’s use.
Allianz Landlord Insurance through Aussie
To help you decide the cover you need, here’s a brief outline of the difference between Buildings and Contents cover.
Designed to cover the physical structures that make up your property, like the house itself, garage, sheds, permanently installed swimming pools and decks. Generally for customers who own a freehold home – like a house, townhouse, terrace or semi-detached dwelling.
Designed to cover items at your property – from furniture, removable domestic appliances and white goods which belong to you as the landlord and that you have provided for the use of your tenant. It also covers your carpets and window furnishings.
Features & Benefits of insuring with Allianz through Aussie:
The better you understand your policy, the easier it will be if you ever have to claim. Here is a limited summary of the benefits of a Landlord insurance policy.
Effective 18 November 2019
Cover for the unexpected
Allianz offers protection for your investment property for out of the ordinary but devastating events such as fire, storm and burglary.
Allianz will cover your legal liability up to $20 million for payment of compensation relating to death, bodily injury or illness, and/or physical loss of or damage to property.
Making your buildings environmentally friendly
If your buildings are totally destroyed and need to be rebuilt, in addition to your buildings sum insured, Allianz will pay up to $5,000 to help you make the new buildings more environmentally friendly.
In the event you require repair or replacement of your contents you own and provide for your tenant’s use. If you select buildings cover, Allianz will pay up to $10,000. Alternatively, if you select contents cover, Allianz will pay, up to the sum insured.
Rental costs after an insured event
If your buildings are damaged by an insured event and can’t be lived in by your tenant, or, Allianz agree access to or the use of your buildings was not possible Allianz will pay for your loss of rent on the buildings for up to 12 months.
Rebuilding and professional fees
If you need to rebuild your buildings after total loss or damage, Allianz will help pay the reasonable costs of architects, engineers, surveyors and solicitors up to $5,000.
Allianz will pay up to 10% of the building and/or contents sum insured for removing debris from your insured address if your buildings are damaged or destroyed by an insured event.
Contents in the open air at the insured address
Allianz will cover contents in the open air (that you own and that you have provided for your tenants use) which have been lost or damaged by an insured event covered by your policy, up to a maximum amount of $200.
24/7 emergency claims assistance
When you need to make a claim Allianz are there for you with a 24 hour claims line, helping you get back on track again as soon as possible.
For full details, of the terms, conditions, limits and exclusions that apply please read the Landlord Insurance Product Disclosure Statement (PDS), any applicable supplementary PDS and the Landlord Buildings or Landlord Contents Key Fact Sheets (KFS) before making a decision to purchase
Add any of these optional covers for an additional premium and greater cover
Rent default & theft by tenant
- Option to be covered for loss of rent due to specified rental defaults, up to $10,000 in total.
- Cover for loss or damage to your insured buildings or contents caused by theft, burglary or housebreaking committed by your tenant or invitees of your tenant.
Landlord workers’ compensation cover
- Cover for the compensation amount you are liable to pay if you employ a domestic worker and they are injured while working for you at the insured address. Only available in ACT, WA and TAS.
- Flood cover may be available as an optional cover to your buildings and/or contents. A 72 hour exclusion period applies.
Or speak with an insurance specialist on 1300 491 283
If you purchased an Allianz Home or Landlord Insurance before 18 November 2019, please refer to the relevant Product Disclosure Statements, any applicable supplementary PDS and the Key Fact Sheets (KFS) available here.