SGUA is a niche market underwriter that specialises in providing residential landlord insurance. It is based in Australia and has been around since 1991. Its products are supported by Hollard Insurance Company, one of Australia's leading insurance businesses. Read on to find out what landlord insurance products it offers.
Here are the landlord insurance products SGUA offers:
This can cover you for the building only, contents only, or both. You can get covered for insured events including fire, explosion or lightning, earthquake and tsunamis, theft and more. There is also an SGUA Landlord Value Plus option which includes cover for accidental damage and more.
SGUA also offers insurance for your holiday home, ideal for those who rent out their holiday home throughout the year. This can cover you for events including fire, storms, water damage and more. You can also insure the contents of your holiday home.
This is contents insurance tailored to those whose holiday unit is already insured by an owners corporation or strata. This can include carpets, blinds, curtains, furniture, white goods and more. You'll be covered for water damage, glass breakage, fire, theft and more.
Check out the table below for an overview of what you'll be covered for with each individual SGUA policy.
| Building - Insured events | Landlord Protection | Holiday Home | Holiday Unit |
|---|---|---|---|
| Fire, explosion or lightning | |||
| Earthquake and tsunami | |||
| Theft | |||
| Water damage | |||
| Glass breakage | |||
| Malicious damage | |||
| Accidental damage | |||
| Storm | |||
| Flood | |||
| Impact | |||
| Riot or civil commotion | |||
| Electrical breakdown / fusion | |||
| Temporary removal | |||
| Fees | |||
| Underground services |
| Contents - Insured events | Landlord Protection | Holiday Home | Holiday Unit |
|---|---|---|---|
| Sum insured | Nominated sum insured | Nominated sum insured | $30,000 |
| Fire, explosion or lightning | |||
| Earthquake and tsunami | |||
| Theft | |||
| Water damage | |||
| Glass breakage | |||
| Malicious damage | |||
| Accidental damage | |||
| Storm | |||
| Flood | |||
| Impact | |||
| Riot or civil commotion | |||
| Electrical breakdown / fusion | |||
| Loss of rental income | Optional | Optional | |
| Temporary removal | |||
| Fees | |||
| Underground services |
| Damage and theft by tenants - Insured events | Landlord Protection | Holiday Home | Holiday Unit |
|---|---|---|---|
| Deliberate damage | Building sum insured (if taken) or $50,000 | Building sum insured (if taken) or $50,000 | $50,000 |
| Theft | Up to the building sum insured | ||
| Accidental damage | |||
| Scorching | |||
| Garbage removal |
| Building - Insured events | Landlord Protection |
|---|---|
| Fire, explosion or lightning | |
| Earthquake and tsunami | |
| Theft | |
| Water damage | |
| Glass breakage | |
| Malicious damage | |
| Accidental damage | |
| Storm | |
| Flood | |
| Impact | |
| Riot or civil commotion | |
| Electrical breakdown / fusion | |
| Loss of rental income | Optional |
| Temporary removal | |
| Fees | |
| Underground services |
| Contents - Insured events | Landlord Protection |
|---|---|
| Sum insured | |
| Fire, explosion or lightning | |
| Earthquake and tsunami | |
| Theft | |
| Water damage | |
| Glass breakage | |
| Malicious damage | |
| Accidental damage | |
| Storm | |
| Flood | |
| Impact | |
| Riot or civil commotion | |
| Electrical breakdown / fusion | |
| Loss of rental income | Optional |
| Temporary removal | |
| Fees | |
| Underground services |
| Damage and Theft by Tenants - Insured events | Landlord Protection |
|---|---|
| Deliberate damage | Building sum insured (if taken) or $60,000 |
| Theft | Up to the building sum insured |
| Accidental damage | |
| Scorching | |
| Garbage removal |
An excess is a specific payment that you're required to contribute whenever you make a claim. SGUA will inform you what excess you will need to pay when you make a claim and when. The table below gives you an outline of the excesses that you're likely to pay when you make a claim.
| Landlord Protection | Holiday Home | Holiday Unit | |
|---|---|---|---|
| Building | $300 | $300 | No |
| Contents | $300 | $300 | $100 |
| Loss of rent | $0 | $0 | $0 |
| Deliberate damage by tenant | $0 | No | No |
| Theft by tenant | $250 | No | No |
Before you submit your claim, make sure you've taken all reasonable steps to prevent further loss or damage. Contact the police as soon as possible if there has been a theft or attempted theft or damage was caused by an intentional act. You can lodge your SGUA landlord insurance claim online or get the process started by calling 1800 355 559. The following claim forms are available on the SGUA website:
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