Protect your investment with landlord insurance
Renting out your property comes with risks, but the right cover can help you stay prepared. Our landlord insurance offers protection against events like vandalism, fire, theft, and more. With cover options for loss of rent, damage to furnishings, and weather-related events, you can explore a policy that suits your needs.
Landlord Insurance
Renting out your property? Safeguard your investment with coverage against vandalism, fire, theft, and more
For detailed terms, conditions, limitations, and exclusions, please refer to the Product Disclosure Statement (PDS).
✓ Loss of rent during repairs: If your building or contents are covered and your rental property is unliveable after a covered event, CGU will pay up to 12 months of lost rent1.
✓ Furniture & furnishings: Cover for loss or damage to furniture, furnishings and carpet in your property2.
✓ Theft & vandalism: Cover for stolen items and damage to or from theft and vandalism, including stolen keys3.
✓ Flood, storm & storm surge: Cover for loss or damage to your home and items caused by flood, rainwater run-off,
storm, storm surge and tsunami4.
✓ Fire: Cover for loss and damage caused by fire (including bushfire).
✓ Damage from leaks: Cover for loss or damage to your property caused by liquid leaks5 like from a burst pipe or broken heater.
Landlord Insurance Disclaimers – What you need to know
1 CGU cover either the weekly rent listed on your Certificate of Insurance, or the weekly rent in your rental agreement, whichever is less. A valid rental agreement is required.
2 Under a Landlord ‘Contents’ policy, your furniture and furnishings are covered up to the contents insured amount. Under a Landlord ‘Building’ policy, if your property isn’t under a strata or similar scheme your furniture and furnishings are covered to up to 10% of the buildings insured amount.
3 If theft or vandalism by tenant, CGU will deduct from your claim four times the weekly rent amount shown on your rental agreement, in addition to the standard
excess. A valid rental agreement is required. No excess is payable for a claim made only under the ‘Replacement of keys and locks’ additional benefit.
4 CGU don’t cover actions of the sea, such as tides and waves.
5 CGU doesn’t cover damage caused by water leaking or escaping from a shower recess or shower base. CGU doesn’t cover loss from erosion or other earth movements. CGU doesn’t cover the costs to repair or replace the item that the liquid leaked or escaped from.
Excesses and exclusion periods may apply. Refer to your Certificate of Insurance. For detailed terms, conditions, limitations, and exclusions, please read the Product Disclosure Statement.
The information on this website is general advice only and does not take into account your individual objectives, financial situation or needs (“your personal circumstances”). Before using this advice to decide whether to purchase a product, you should consider your personal circumstances and the relevant Product Disclosure Statement. View the relevant Product Disclosure Statement (PDS) and Target Market Determinations (TMD).
| Cover | Building | Contents |
|---|---|---|
| Cover for loss of damage to your rental property and contents | ||
| Accidental breakage of glass | ✓ | ✓ |
| Animal damage | ✓ | ✓ |
| Damage by occupant | ✓ | ✓ |
| Deliberate or intentional act | ✓ | ✓ |
| Earthquake | ✓ | ✓ |
| Electrical motor burnout | ✓ | ✓ |
| Escape or water or liquid | ✓ | ✓ |
| Explosion | ✓ | ✓ |
| Fire | ✓ | ✓ |
| Flood or Rainwater Run-off | ✓ | ✓ |
| Impact | ✓ | ✓ |
| Lightning | ✓ | ✓ |
| Riot or civil commotion | ✓ | ✓ |
| Storm | ✓ | ✓ |
| Storm Surge or tsunami | ✓ | ✓ |
| Theft by tenant | ✓ | ✓ |
| Theft or attempted theft | ✓ | ✓ |
| Cover for liability | ✓ | ✓ |
| Additional Benefits | ||
| Abandoned possessions | ✓ | ✓ |
| Contents in the open air | ✗ | ✓ |
| Landlord furniture or furnishings – non-Strata scheme | ✓ | ✗ |
| Landlord fixtures – Strata scheme | ✗ | ✓ |
| Landscaping | ✓ | ✗ |
| Locating the cause of damage | ✓ | ✗ |
| Loss of rent | ✓ | ✓ |
| Meeting building regulations | ✓ | ✗ |
| Mortgage discharge costs | ✓ | ✗ |
| Professional and rebuilding fees | ✓ | ✗ |
| Removal of debris | ✓ | ✓ |
| Replacement of keys and locks | ✓ | ✗ |
| Storage Costs | ✗ | ✓ |
| Optional Benefits | ||
| Rent default | Optional | Optional |
| Safety net | Optional | ✗ |
This table compares the cover CGU provide under the types of insurance and levels of cover they offer. The amount and extent of cover, including additional benefits and optional benefits, may also vary depending on the cover selected. For detailed terms, conditions, limitations, and exclusions, please read the Product Disclosure Statement.
The Capricornian Ltd ABN 54 087 650 940 AFSL / ACL 246780 acts under its own AFSL and under an agreement with the issuer Insurance Australia Limited ABN 11 000 016 722, AFSL 227681 under the CGU brand.
Any advice provided is general advice only and does not take into account your individual objectives, financial situation or needs (your personal circumstances). Before using this advice to decide whether to purchase a product, you should consider your personal circumstances and the relevant the Product Disclosure Statement (PDS) and Target Market Determinations (TMD).
