Virgin Money Landlord Insurance
Don't let landlord insurance overwhelm you. Check out our handy guide to Virgin Monday Landlord Insurance to see if it's right for you.
We’re committed to our readers and editorial independence. We don’t compare all products in the market and may receive compensation when we refer you to our partners, but this does not influence our opinions or reviews. Learn more about Finder .
Virgin has always been a company that seeks to provide alternatives and Virgin Money has been doing that to the insurance market for years. But when you're a landlord, you don't want a rebel, you want a reliable policy that will protect your investment property and its contents against the unforeseen. Does Virgin Money Landlord Insurance have what you need? Check out our full breakdown to find out.
Get landlord insurance quotes from Virgin Money
What cover options does it have?
- Building Only Insurance. Cover for your home or building, this includes pipes, cables, ducting, wires, switches, meters, fixed appliances, carports, patios, paved paths, driveways and other permanent fixtures (pools, spas, etc).
- Contents Only Insurance. Covers contents owned by you as the landlord or that you're responsible for, including carpets, curtains, blinds, furniture, furnishings, non-permanent light fittings, removable domestic appliances, utensils, swimming pools and their accessories.
- Combined Home and Contents Insurance. You can combine both policies for complete protection of your home and its contents.
How does each cover type compare?
|Fire and explosions||Scorches, burns or melting that did not result in a fire. Repairing or replacing an item that explodes.|
|Storm||Loss or damage from rain, hail or wind entering the house due to design, structure or faulty workmanship.|
|Accidental breakage||Limited cover for breakage of glass, this can be covered through an additional "Accidental damage" option (see below).|
|Earthquake||Tsunami or tidal wave following an earthquake.|
|Lightning||Power surges not caused by lightning strike.|
|Theft and burglary||Theft or attempted theft by a tenant or guest.|
|Impacts||Damage or loss from authorised tree felling or lopping.|
|Escape of liquid||Loss or damage caused by leaking shower floors.|
|Removal of debris||Removal of debris that hasn't caused any loss or damage.|
|Alternative accommodation||Up to a period of 12 months or until the address is livable, whichever happens first.|
|High value items and collections|
|Items insured away from home||Items outside of Australia.|
What additional cover options are there?
- Accidental damage (cover in addition to accidental breakage)
Does it have legal liability?
Yes. All policies have a limit of $20 million from any legal claims and costs, which extends to your building if you're required to pay compensation for death or injury on your property and landlord contents that cause death or injury.
What excess do I need to pay?
If the worst should happen and you need to make a claim, you will often be required to pay an excess (unless otherwise outlined in your policy) for each claim you make. For example, if a fire damaged your house you would need to claim for the damage and pay an excess. Your excess amount for each claim will depend on your level of cover and the sum you're claiming.
How do I make a claim?
After an incident has been dealt with and information collected from any relevant emergency services or reports, contact Virgin Money as soon as possible to begin the claims process. You can lodge your claim online or over the phone, as well as access any benefits your policy grants you.
Phone: 1800 662 884
More guides on Finder
Business courses online in Australia
Searching for a career in business and not sure where to start? Find out here.
How to start a small business from home
6 tips to start a successful home based business.
Pets in apartments: Sydney ruling sparks insurance questions
The NSW Supreme Court has given the go-ahead for pets in apartments. But there are things to consider before moving a furry friend into your home.
Invisalign | How it works, what it costs and how it compares
Find out whether clear aligners suits you best with our Invisalign review.
How to use a backloading service to save money on moving items over long distances.
Coronavirus worries: Can redundancy cover give me some security?
Redundancy cover is back on after temporary pause during coronavirus. Here's the low down on what's happening.
La Niña warning for Australian homeowners
Just when you thought 2020 couldn't get any worse, the Bureau of Meteorology has declared a La Niña event.
As Australia reopens, don’t forget travel insurance
Travel insurance isn't just for overseas trips.
Life insurance for 35-year-olds
Compare life insurance policies for 35-year-olds
Vacuuming services offer a quick and easy solution to keeping your house squeaky clean.