If you own an investment property, getting landlord insurance is a good move. An Allianz Landlord Insurance policy can offer you cover for the property, its contents, or both.
Check out our review to see what's covered, what's not and how to make a claim.
| Contents | Home | Home and Contents | |
|---|---|---|---|
| Accidental breakage of glass | |||
| Earthquake | |||
| Explosion | |||
| Fire or smoke | |||
| Impact damage | |||
| Lightning | |||
| Malicious acts | |||
| Riot or civil commotion | |||
| Storm, rainwater or run-off | |||
| Theft, burglary or housebreaking | |||
| Tsunami | |||
| Water or other liquid damage | |||
| Open air contents (outdoor furniture, etc) | |||
| Automatic indexation of sums insured | |||
| Continuation of cover when you are selling your home(s) | |||
| Environmental benefits | |||
| Fusion | |||
| Landlord contents | |||
| Legal liability (third party personal and property) | $10,000,000 | ||
| Mortgage discharges | |||
| Reinstatement of sum insured after a loss | |||
| Removal of debris, professional rebuilding fees and extra costs to comply with building regulations | |||
| Rental costs after an insured event | |||
| Replacement of locks or cylinders | $500 |
There are certain situations or circumstances where you will not be eligible to make a claim. Specific requirements will depend on your policy and additional options, but generally you will not be covered for any wear and tear on property or contents that have seen their day. If you intentionally damage your property or house, or ask someone else to do it for you, your claim will be rejected. You won’t be able to claim against any dodgy workmanship or faulty designs and defects. Damage from the application of heat (for example, installing laminate) will also be thrown out. There are a few far-flung exclusions, such as war and terrorism, all of which will be listed in your policy document. If you have any questions, be sure to ask your broker.
Your excess will depend on the type of claim you make, which will be outlined in your policy and can be discussed with your insurance broker. You may be required to pay multiple excesses, depending on the incident, for example a storm may inflict damage to your home and a resulting flood that damages your contents may both require a separate excess in your policy.
In the event of an accident or incident, there are a few things to do. First, prevent any further damage or injury if it is safe to do so. Do no admit any liability as fault will be adjudicated on once an investigation has been conducted.
Contact the police and keep all evidence and documents of the loss or damage and contact Allianz as soon as possible on 13 10 13.
An Allianz landlord insurance policy is suitable for someone that owns a residential building that they rent out to a tenant. It's suitable for those who want to protect themselves against:
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