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SGIO is an insurer based in Western Australia and is part of the Insurance Australia Group. SGIO stands for State Government Insurance Office and has been around since 1926. It is now privately owned and offers a number of insurance products, including SGIO landlord insurance.
Here are the three types of landlord insurance offered by SGIO:
This covers both your rental property and your contents, so it is ideal for standalone homes and townhouses that are furnished. It can cover you for tenant damage, fire, storms, theft and more. It can also cover the loss of rental income.
This provides landlords with cover for the contents they might have at their property. It's tailored to landlords who don't need buildings cover (probably because they own an apartment or unit) but have furnished properties. It can cover you for legal liability and insured events including storms, fires and floods.
If you own an unfurnished property, you might consider buildings cover. This protects the building itself as well as the garage, shed, in-built swimming pool and other parts of the property that are fixed to the ground. It can cover the costs of repairs and rebuilds that are the result of an insured event like a storm, theft, fire or vandalism.
Insured event | Buildings and contents insurance | Contents insurance | Buildings insurance |
---|---|---|---|
Theft | |||
Malicious act | |||
Storm | |||
Flood | |||
Tsunami | |||
Earthquake | |||
Lightning | |||
Fire | |||
Rent default | |||
Burn out of electric motors | |||
Water and oil leaks | |||
Explosion | |||
Accidental glass breakage | |||
Impact damage | |||
Animal damage | |||
Riots or civil commotion |
These are some of the benefits you can get with an SGIO policy.
More benefits | Buildings and contents insurance | Contents insurance | Buildings insurance |
---|---|---|---|
Furniture and furnishings — non-strata scheme | 10% of buildings sum insured | 10% of buildings sum insured | |
Loss of rent during repairs | 12 months | 12 months | |
Building materials | $1,000 | $1,000 | |
Keys and locks | $800 | $800 | |
Demolishing and removing debris | |||
Locating the cause of damage | Reasonable cost | Reasonable cost | |
Rebuilding fees | Reasonable cost | Reasonable cost | |
Meeting building regulations | |||
Mortgagee discharge costs | Administrative cost | Administrative cost | |
Legal liability | $20,000,000 | $20,000,000 | $20,000,000 |
Follow these steps to make an SGIO landlord insurance claim:
SGIO doesn't specifically mention cover for accidental damage in its PDS but it does cover broken glass, theft, vandalism, water and oil leaks, and more.
SGIO insurance is issued by Insurance Australia Limited ABN 11 000 016 722 AFSL 227681.
Yes. SGIO can cover you for the repairs or replacement of your belongings with a contents or combined buildings and contents policy.
Does SGIO offer home insurance?
Yes. SGIO also offers home insurance if you want to insure the property you stay at as well.
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