Landlord insurance SA

Get landlord insurance for SA, compare inclusions side-by-side and use the filters to tailor a policy to your needs.

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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 South Australia

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

Optional

10% of the sum insured amount of your property
21 days
Annually
Save 30% on your first year's premium when you buy a combined home and contents policy online. T&Cs apply.
Qantas Landlord Home and Contents Insurance

Optional

10% of the sum insured amount of your property
21 days
Annually
Earn up to 20,000 Qantas Points when you apply. Points awarded will be based on your premium. T&Cs & exclusions apply.
Seniors Landlord Home & Contents 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 in the first year. T&Cs apply.
Youi Landlord Building and Contents 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.
Landlord Select Building & Contents Insurance
Landlord Select Building & Contents Insurance

Optional

Optional
21 days
Annually
CommBank Landlord Building & Contents Insurance
52 weeks
Optional
21 days
Monthly or Annually
Save 10% on a combined home and contents insurance policy
Over Fifty Landlord Building & Contents Insurance
Over Fifty Landlord Building & Contents Insurance

Optional

12 months
14 days
Monthly or Annually
Get 10% off your first year’s premium when you buy online.
Catholic Church Landlord Building & Contents Insurance
Catholic Church Landlord Building & Contents Insurance

Optional

12 months
14 days
Monthly or Annually
Sign up online and get 10% off your first year’s premium.
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Compare up to 4 providers

Brands still offering landlord insurance in SA

Many insurers have stopped offering new landlord insurance policies. Those that are may have stopped offering the option of rent default or loss of rent for new policies. If you have an existing policy you should check with your provider what the conditions are to make a claim under those options.

ProviderAre they still offering landlord insurance?Are they offering tenant default options?Apply
Youi logo
  • Yes
  • Yes
Get quote
Qantas home insurance
  • Yes
  • Yes
Get quote
Virgin money landlord insurance
  • Yes
  • Yes
More info
Coles landlord insurance
  • Yes
  • Yes
More info
Westpac landlord insurance
  • Yes
  • Yes
More info
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  • Yes
  • Yes
More info
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  • Yes
  • Yes
More info
Allianz landlord insurance
  • Yes
  • Yes
More info
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  • Yes
  • Yes
More info
Apia landlord insurance
  • Yes
  • Yes
More info
Budget direct landlord insurance
  • Yes
  • Yes
Get quote
CHU landlord insurance
  • Yes
  • Yes
More info
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  • No
  • 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
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  • Yes
  • No
More info

What does a landlord insurance SA policy cover me for?

Landlord insurance is available in three cover options:

  • Home insurance. Home insurance, or building-only cover, covers 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.
  • Both home and contents insurance, bought as a bundle. Complete 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.

What should a landlord insurance SA policy include?

This is what's typically included in a landlord insurance policy:

thunderstorm icon

Storms

This can cover you for storms and storm-related damage. For example, if a storm causes a tree to fall which damages your property.

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Fire

This can cover you for loss and damage caused by fire, including bushfires which are common across SA.

television

Contents

If you keep any furniture or items at the property, you can get contents cover. You can often add accidental damage cover as well.

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Theft

This can cover your property if items are stolen or damaged from theft or vandalism.

flood

Floods

This can cover you for flood damage. It's included as standard by some insurers; for others, you'll need to pay extra to have it included in your policy.

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Loss of rent

This can cover lost income If your tenant stops paying rent or leaves without giving you sufficient notice.

Is landlord insurance compulsory in SA?

No, you aren't legally required to have landlord insurance in South Australia. However, as the landlord, you bear full responsibility in the event of damage or loss to your property or its contents.

Also, you need to set and adhere to lease terms, plus collect bond and rent for the property. Landlord insurance comes with legal liability if you get into a dispute with your tenant.

Who offers landlord insurance in SA?

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

What else do I need to know about renting out a place in South Australia?

Wherever you are in Australia, landlord insurance is pretty much the same. However, each state differs a bit with regard to the around the rights and responsibilities of landlords and tenants, which could affect you when you need to make a claim:

  • Bond and advance rent. If the rent is $250 or less per week, you're allowed to request a bond equal to four weeks' rent. If rent is more than that, you can request a bond equal to six weeks' rent. You can also ask for two weeks' advance rent in each case.
  • Rent increases. You cannot increase the rent during the first 12 months of a tenancy. After that, you can increase rent once every 12 months as long as you've given a 60-day notice. You cannot raise the rent in the middle of a fixed-term lease unless it is written into the agreement about the possibility of an increase and the circumstances in which it would happen.
  • Ending a tenancy. To end a fixed-term lease, you have to let the tenant know 28 days in advance of the lease ending. If it's a periodic lease, you have to give them a 90-day notice unless you have a good reason (such as selling the house), in which case you can shorten the notice to 60 days.
  • Pets. Tenants will need your written permission if they want to keep a pet in your rental property.
  • Access for inspections. You're allowed to inspect once every four weeks, but you need to provide a written notice of between 7-14 days prior to each visit.

Picture: Unsplash

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