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Landlord Insurance

Cover for Your Rental Property

If you own a rental property, you’re vulnerable to the same risks as any homeowner, such as storms, floods and fire. You’re also vulnerable to damage that tenants can do to your contents. And if you can’t rent out your property while it’s being repaired or if your tenants break the lease or leave owing you rent, you could also lose valuable rental income. It pays to have landlord insurance/business property insurance which is designed to help protect owners of investment properties.

Who should consider it?

If you’re one of the 2.6 million Australians who own an investment property, you should consider taking out landlord insurance to protect your investment and the income it provides.

What isn’t covered

There are exclusions. There is also often a deductible or excess and limits on cover, so check with your Guardsafe insurance broker.

Product Disclosure Statement:


A Product Disclosure Statement (PDS) is available for landlord insurance and can be obtained from a Guardsafe insurance broker.

You should consider the PDS in deciding whether to acquire, or continue to hold, landlord insurance.

What can it cover?

The cover you’ll receive depends on the policy that you take out, but your landlord insurance policy may include:

  • Automatic cover for flood, fire or explosion
  • Liability covers for injury or loss of life to a third party or their property
  • Coverfor landlord’s contents – like carpets, curtains, washing machines and ovens
  • Catastrophe cover
  • The option to cover loss of rent
  • Electric motor burnout
  • Loss or damage caused by tenants or their visitors
  • Tax audit cover (up to $5,000)
  • Extra cover for demolition and debris removal

No one knows what’s around the corner – so it pays to be prepared

Even the best-planned life can come undone by illness, accident or even death – and often with far-reaching consequences for those who depend on us, such as our family or business partners. Having the safety net of life insurance in place is important to help ensure that if you’re no longer around, those who depend on you can keep going without you. You can also add extra cover to protect your financial future if you get seriously ill or injured, or become permanently disabled.

Who should consider it?

Life insurance is recommended for business owners and anyone who has financial dependents. However, even those without dependants could benefit from a life insurance payout if they become terminally ill. What’s more, total and permanent disability (TPD) cover can provide payment if you become permanently disabled.

What isn’t covered

There are exclusions. There is also often a deductible or excess and limits on cover, so check with your Guardsafe Insurance Broker.

What can it cover?

    • Life Insurance can provide an agreed lump sum payment if the insured person dies or becomes permanently disabled.

There is a range of different life products, which include:

      • Business life insurance for SMEs, such as key person insurance, income protection and business expenses insurance
      • Group life insurance, which provides benefits for employees
      • Personal insurance, such as life insurance and TPD cover

Product Disclosure Statement:

A Product Disclosure Statement (PDS) is available for life insurance and can be obtained from a Guardsafe insurance broker.

You should consider the PDS in deciding whether to acquire, or continue to hold, life insurance.