Borrowers guide to Landlord insurance
$150 eGift card
Purchase a new eligible Home Insurance policy, with a minimum premium of $750, before 2nd December and get a $150 eGift card.
Why insure through Westpac?
One less step
Sort out your insurance and banking together.
Flexible payment options
No extra cost to pay by the month so you can better manage your budget.2
All in one place
See your insurance policies next to your bank accounts in the App.1
Comprehensive cover
Insure your investment property for storm damage, floods and bushfires.*
Cover options explained
Landlord Building Insurance
Landlord Building Insurance covers your investment property’s physical structures, fixtures and built-in appliances like hot water systems and air-conditioners. It may be a condition of your investment home loan, unless you’re purchasing a strata property or vacant land.
Landlord Contents Insurance
You can also cover items that you have provided for your tenant like furniture, carpet, appliances – and even the BBQ with Landlord Contents Insurance.
3 important questions about landlord insurance for borrowers
How much cover do I need?
Use the calculators as a guide^ to help understand how much insurance cover you might need to rebuild your investment property or replace the contents you’ve provided for your tenant in the event of a flood, fire, storm, or natural disaster*.
Things you should know
#Buy an eligible home, landlord or motor insurance policy between 04/10/2024 and 02/12/2024 to receive a $150 eGift card after day 60 of your insurance policy being active. T&Cs apply, including a minimum premium of $750. Full T&Cs can be found here.
^The Building and Contents calculators, provided by Allianz through a third-party provider, are intended as a guide only. For a more accurate rebuilding or replacement cost, consider obtaining a professional valuation from a licensed builder or professional valuer.
*72 hour exclusion period may apply. Allianz doesn’t provide cover for any loss of or damage to your property caused by cyclone, flood, grassfires and bushfires, during the first 72 hours after you first purchase a policy or increase your cover under an existing policy. For full details of conditions and exclusions please refer to the relevant PDS.
1Policy holders need to ensure their personal details on their policy match with their Westpac accounts. Only primary policyholders can see policies alongside their other Westpac accounts.
2Instalment premiums: If you choose to pay your premium by instalments you do not pay any more than if you pay your premium in one lump sum annually. The premiums payable by instalments may be subject to minor adjustments (upwards or downwards) due to rounding. Note: Your financial institution may apply transaction fees to instalment payments.
For the standard terms, conditions and exclusions about Landlord Insurance, please refer to the relevant Product Disclosure Statement (PDS) and any supplementary PDS (if applicable). To see some of the events covered and not covered, please refer to the Key Fact Sheets (KFS).
Landlord Insurance is issued by Allianz Australia Insurance Limited ABN 15 000 122 850 AFSL 234708 (Allianz). Westpac Banking Corporation ABN 33 007 457 141 AFSL 233714 (the Bank) arranges the initial issue of the insurance under a distribution agreement with Allianz, but does not guarantee the insurance. This information does not take into account your personal circumstances. Before making a decision, please consider the relevant Product Disclosure Statement. For more information call 1300 650 255.
If you take out Home and Contents or Landlord Insurance with Allianz the Bank will receive a commission of up to 12% of the premium, excluding Government fees and charges, plus GST.
A target market determination has been made for this product. Please visit www.westpac.com.au/tmd for the target market determination.
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