Property Owners insurance is a comprehensive policy designed to protect individuals or entities who own residential or commercial real estate.
Common Exclusions
It shields your investment from a wide range of risks, including natural disasters, legal liabilities, and unforeseen events, whether you live in the property, rent it out, or hold it solely as an asset.
What Property Owners Insurance Covers
The scope of coverage can vary based on the type and use of the property, but typical protections include:
Building Insurance
Covers structural damage to the property, including walls, roof, and floors
Includes external structures such as garages, sheds, fences, and pools
Protects against risks such as fire, storms, floods, vandalism, and accidental damage
Contents Insurance
Protects personal belongings inside the property, including furniture, appliances, and electronics
Essential for owner-occupiers; optional for landlords
Can extend to cover portable items taken outside the property
Liability Coverage
Safeguards against legal claims resulting from injuries sustained on the property
Particularly important for landlords and owners of strata properties
Loss of Rent & Tenant Damage (Landlord Insurance)
Covers rental income loss due to tenant default or property damage
May include legal costs for eviction or tenant disputes
Optional Add-Ons
Motor burnout protection (for appliances)
Flood coverage
Accidental damage
Legal expenses or strata liability
Cover at a glance
Protection for residential, commercial, and investment properties
Cover for building structure, contents, and fixtures
Liability protection for injuries or damage on your property
Optional cover for loss of rent and tenant-related damage
Add-ons for accidental damage, flood, and legal expenses
Flexible policies tailored to owner-occupiers and investors
Who needs it?
Ideal for anyone who owns, rents, or invests in property, providing protection against damage, loss, and liability risks.
Homeowners or investors with property in Australia
Landlords renting out properties (landlord insurance is essential)
Owners of holiday homes, vacant properties, or strata units
Those seeking protection from unforeseen events that could threaten their investment
A safeguard for every property owner
Even if your property is mortgage-free, insurance acts as a safeguard against costly repairs, legal claims, and potential income loss. For those with a mortgage, lenders often require building insurance as a condition of approval.
