Landlord Insurance QLD

Renting out a property in Queensland? Compare 8+ landlord insurance QLD policies side-by-side.

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As a landlord, you have enough on your plate without having to also worry about insurance. But whether you're in Cairns, Longreach or the Gold Coast, landlord insurance can help protect you against damage, loss, injury, rental default and legal liability. What's involved and how do I find the right cover for my property? Here's our full guide to landlord insurance in Queensland.
warningSome landlord insurance policies have temporarily removed benefits such as rent default and a few others because of the pandemic. Make sure to check this with the insurer before deciding on a policy.

Compare landlord insurance brands in QLD

Name Product Tenant Default and Damage Loss of Rent Accidental Damage Sum Insured Safeguard Cooling-off Period Cheapest way to pay
Budget Direct Landlord Insurance

Optional

10% of the sum insured amount of your property
Optional
Optional
21 days
Annually
Save 15% on your first year's premium when you purchase cover online. T&Cs apply.
ANZ Landlord Insurance

Optional

Up to $52,000
Optional
21 days
Monthly or Annually
Save up to 10% with two eligible insurance policies and 12.5% for three eligible insurance policies. T&Cs apply.
QBE Landlord Insurance
The lesser of: Up to 24 months of lost rent, or 20% of your buildings sum insured amount
21 days
Annually
Save 10% on your first years’ premium with QBE Landlord Insurance.
Virgin Landlord Insurance

Optional

10% of the sum insured amount of your property
Optional
Optional
21 days
Annually
Purchase a new eligible Virgin Home and Contents Insurance policy online and you'll also save 15% on your first year’s premium. T&C’s Apply.
Domain Landlord Insurance

Optional

Optional - Up to 12 months of your weekly rental amount
30 days
Annually
Domain Insure uses property data to help build your quote faster.
Seniors Landlords  Insurance
The lesser of: 12 months rent, or 10% of your building sum insured, or the lost rent
14 days
Annually
Buy online and save up to 15% on landlord building and contents policies. T&Cs apply.
Youi Landlord Insurance

Optional

The reasonable rental amount for up to 12 months
20 days
Annually
Cover for investment property from fire, theft and numerous weather events.
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Compare up to 4 providers

Brands still offering landlord insurance in QLD

As of 26 November 2021, the following brands are still offering new landlord insurance policies. All existing policies should be respected, but it's best to check directly with your insurer.

ProviderAre they still offering landlord insurance?Are they offering tenant default options?Apply
Youi landlord insurance
  • Yes
  • Yes
Get quote
Qantas home insurance
  • Yes
  • No
More info
Virgin money landlord insurance
  • No
  • No
Get quote
Coles landlord insurance
  • Yes
  • Yes
More info
Westpac landlord insurance
  • Yes
  • No
More info
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  • Yes
  • No
More info
Picture not described
  • Yes
  • Yes
More info
Allianz landlord insurance
  • Yes
  • Yes
More info
Picture not described
  • Yes
  • Yes
Get quote
Apia landlord insurance
  • Yes
  • Yes
More info
Budget direct landlord insurance
  • No
  • No
Get quote
CHU landlord insurance
  • Yes
  • Yes
More info
Picture not described
  • Yes
  • No
More info
NRMA landlord insurance
  • Yes
  • Yes
More info
RACV landlord insurance
  • Yes
  • Yes
More info
real insurance
  • Yes
  • No
More info
SGUA landlord insurance
  • Yes
  • No
More info
Suncorp landlord insurance
  • Yes
  • Yes
More info
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  • Yes
  • In some cases
More info
Picture not described
  • Yes
  • No
More info

What does landlord insurance in QLD cover me for?

Landlord insurance comes in three cover options.

  • Home insurance. Home insurance, or building/building-only cover, offers cover for your home and other fixtures on your property against damage from fires, storms, theft and vandalism. Cover usually provides additional protection against loss of rent due to damage rendering the property uninhabitable or damage to shared areas such as pools and gardens.
  • Contents insurance. Contents cover protects any of your household possessions and any other property you have on site against the same risks as home insurance. Additional options are usually available for communal items like pool equipment or outdoor furniture.
  • Combined home and contents insurance. Offering total protection for your property and everything inside, this is the most comprehensive level of cover available to landlords and includes optional cover for both rental default and damage or loss caused by tenants or their guests.

Is landlord insurance compulsory in Queensland?

No, landlord insurance isn't compulsory in QLD but it doesn't mean you shouldn't get it. As the landlord, legal responsibility in an event of loss, damage or injury would fall on your shoulders. What's more, while tenants must agree to the terms you set in the lease, you're responsible for setting the terms and collecting bond and rent for the property. All policies come with legal liability in case there are any legal disputes.

What should a landlord insurance QLD policy include?

These are some of the main inclusions in a QLD landlord insurance policy:

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Storms

Storms are common across QLD and can do serious damage to properties. Storm cover is included as standard in most landlord insurance policies.

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Fire

Fire cover is standard in most landlord insurance policies and can cover also cover your property and its contents for bushfires.

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Theft

Theft cover is generally a standard inclusion with most landlord insurance policies. It can pay for damages related to theft or vandalism.

television

Accidental damage

Accidental damage isn't always included as standard (sometimes you'll need to pay extra to add it on to your policy) but it can cover both property and contents damage – for instance, if the property is furnished and the tenant accidentally breaks the TV or spills wine on the couch.

flood

Floods

Some policies automatically cover you for floods but many will only cover you if you're willing to pay a little extra for it. If you live in a flood-prone area of QLD, it could be worth it.

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Loss of rent

Loss of rent isn't always automatically included as standard. However, it can cover you for the losses you incur as a result of a tenant failing to pay rent.

Who offers landlord insurance in QLD?

Australian home insurance providers usually aren't state-specific, which means Queensland homeowners can access cover from an extensive range of trusted insurance brands, including:

What do I need to know as a landlord in QLD?

There are some differences between states around the rights and responsibilities of landlords and tenants and these could have an impact on insurance claims down the road. Here's what's different in Queensland:

  • Bond and advance rent. You can legally collect four week's bond on places that rent for $700 per week or less. There are no bond limits for places you rent for more than that. The maximum advance rent you can charge for any rental is one month for fixed-term agreements and two weeks for periodic agreements.
  • Rent increases. You can increase rent once every six months with a two-month notice. However, you can't increase the rent on a fixed-term agreement unless the contract states that it will be increased.
  • Ending a tenancy. To end a fixed-term lease, you have to wait until the lease is up and give two month's notice. It's also a two-month notice to end a periodic lease. If the tenant breaches the contract, this notice period can be shorter depending on the severity of the breach.
  • Pets. Landlords have the upper hand here, as tenants are required to get written approval in order to keep a pet in a rental property.
  • Access for inspections. As a landlord, you're allowed one inspection every three months and you must give your tenant a notice period of at least seven days before each one.

Picture: Shutterstock

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