Protect Your Investment With Landlord Insurance

What does landlord insurance cover in Australia?

• Building cover: Landlord building insurance for structural damage from insured events such as fire, storm or vandalism.
• Contents cover: Landlord contents insurance for items you provide, such as carpets, curtains, appliances and furniture.
• Tenant damage insurance: Cover for deliberate or accidental damage caused by tenants or their guests, where included.
• Loss of rent insurance: Protection for lost rental income after an insured event or in specific tenant default situations.

Protecting against tenant damage and loss of rental income

Tenant-related damage and unpaid rent can quickly erode the returns from a rental property.

Comprehensive landlord insurance can help reduce the financial impact of events such as malicious damage, theft, or a tenant leaving unexpectedly. Depending on the policy, you may be able to claim repair costs and some lost rent so you can focus on finding a new tenant.

If you rely on rent to cover your mortgage or ongoing expenses, reviewing how loss of rent insurance works is important. You can explore more detail in our educational resources on tenant damage and rent loss. The information above is general in nature and does not take into account your personal circumstances.

Landlord liability insurance explained

Liability cover supports you if a tenant, visitor or tradesperson is injured and alleges your property was unsafe.

• Public liability for bodily injury or property damage occurring at the rental property.
• Help with legal defence costs associated with covered liability claims.
• Peace of mind when engaging property managers, trades and short‑term tenants.

Landlord liability insurance is often bundled with building or contents cover. Understanding the limits, exclusions and excesses can help you decide how much protection you need. For more guidance, see our latest updates in the news and insights section.

Costs, tax deductibility and cash‑flow planning

Understanding how much landlord insurance may cost per month helps with budgeting and tax planning.

Premiums vary depending on property location, construction type, security measures, tenant profile and the level of cover you select. Many landlords spread payments monthly to align with incoming rent, while others prefer annual payments for simpler planning.

Some expenses for landlord insurance may be claimable as tax deductions, depending on your personal circumstances and current tax rules. For general education on costs and deductibility, explore our guides in the landlord insurance article library.

Prepare for your next insurance renewal

1. Gather key details such as recent repairs, upgrades and rent changes.
2. Review your existing landlord building insurance and contents limits.
3. Check current market conditions and consider whether additional covers are appropriate.

Regularly reviewing your investment property insurance helps keep cover aligned with the value of your property and your risk tolerance. Learn more about our approach and resources for landlords on the about page, or stay informed through the latest updates in our news section.