Landlord Insurance through Allianz includes a range of features and benefits for your investment property or it’s contents.
Building |
Contents |
|
|
Accidental breakage of glass
|
Yes | Yes |
|
Earthquake
|
Yes | Yes |
|
Explosion
|
Yes | Yes |
|
Fire or smoke
|
Yes | Yes |
|
Impact damage
|
Yes | Yes |
|
Lightning or thunderbolt
|
Yes | Yes |
|
Riot or civil commotion
|
Yes | Yes |
|
Storm, rainwater or run-off
|
Yes | Yes |
|
Theft, burgularly or housebreaking
|
Yes | Yes |
|
Tsunami
|
Yes | Yes |
|
Water of other liquid damage
|
Yes | Yes |
|
Automatic indexation of sums insured
|
Yes | Yes |
|
Contents in the open air at the risk address
|
- | Yes |
|
Continuation of cover when you are selling your buildings
|
Yes | - |
|
Fusion
|
Yes | Yes |
|
Landlord's contents
|
Up to $10,000 | - |
|
Legal liability - cover for injury to other people or their property
|
Yes | - |
|
Mortgage discharge costs
|
Yes | - |
|
Reinstatement of sum insured after a loss
|
Yes | - |
|
Removal of debris, professional rebuilding fees and extra costs of complying with building regulations
|
Yes | - |
|
Rental costs after an insured event
|
Yes | Yes - Available under contents cover only when the building is part of a strata title development |
|
Replacement of locks or cylinders
|
Yes | Yes |
|
Rainwater tanks and solar water heater
|
Yes | - |
| Optional Cover | ||
|
Rent default and theft by tenant
|
Yes | - |
|
Flood cover5
|
Yes | Yes |
|
Landlord Workers' Compensation6
|
Yes | Yes |
Southern Cross Credit Union, ABN 82 087 650 682 AFSL No 241000 arranges this insurance as agent for the insurer Allianz Australia Insurance Limited ABN 15 000 122 850 AFSL No 234708. If you purchase this insurance, Southern Cross Credit Union will receive a commission that is a percentage of the premium. Ask us for more details before we provide you with any services on this product. Details of the commission are set out in our Financial Services Guide. We do not provide advice on this insurance based on any consideration of your objectives, financial position or need. Policy terms, conditions, limits, exclusion and underwriting criteria apply. Before making a decision please consider the relevant Product Disclosure Statement.
1 NCB Discount – LANDLORD – To qualify for the maximum No Claim Bonus of 30%, landlords must have had no landlord losses in the preceding three years. However landlords who have had up to two claims may still qualify for reduced No Claim Bonus. The up to 30% No Claim Bonus discount is applied to our standard rates including optional Rent Default cover (if selected). This discount does not apply to the flood premium (where applicable)
2 Minimum premium – If you are eligible for more than one discount, Allianz applies them in a predetermined order. This means the effect of applying any subsequent discount will be reduced. Discounts do not apply to taxes or government charges. No discounts are applied to optional cover; Landlord Workers Compensation (if available and selected). Any discounts/entitlements may be subject to rounding and only apply to extent any minimum premium is not reached. Minimum premiums may apply.
3 Pay by the month at no extra cost – Premiums payable by instalments may be subject to minor adjustments (upwards or downwards) due to rounding and financial institution transaction fees may apply.
4 This information about insurance cover is a summary only. You should consider whether this insurance product is suitable for your circumstances and consider the relevant Product Disclosure Statement (PDS).
5 Flood Cover is available for all eligible property addresses. Flood Cover is an option on both Building and Contents in hom e and landlords insurance policies. The cover is designed to protect customers against damage to their building and/or contents in the event of a Flood up to the value of their sum insured. Flood cover is subject to eligibility.
6 Landlord Workers’ Compensation is only available in ACT, TAS and WA.
