Landlord insurance

We are here to help with two levels of cover to protect the investment property you've worked hard for. Save up to 25% when you quote and buy online.

Save up to 25% when you apply online

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Essentials

With Westpac Landlord Insurance you get the choice of 2 levels of comprehensive building and contents cover and there's optional cover for protection in case tenants don't do the right thing.

Save 15% off your annual premium for the first year when you quote and buy online and enter the promotional code COVER
Save an additional 10% for combining your Building and Contents insurance^#
Comprehensive cover for storm, flood, fire, theft and more
Valuable extra cover included such as a sum insured safety net in case repair or replacement costs are higher than expected^*, and loss of rent (in Quality Care)
Optional cover for tenants causing malicious damage, defaulting on rent payments and theft
Pay by the month with no extra fee
Discounts to help you save on your premium.

Highlights

No matter what level of cover you choose, these events are covered as standard. Of course, like all policies, some exclusions, limits and conditions apply.

Storm
Flood
Lightning
Fire
Earthquake
Explosion

Impact
Escape of liquid
Malicious acts, riot and civil commotion
Legal liability up to $20 million.

Here are some key differences between the 2 levels of cover.

Essential Care	Quality Care
For contents cover, theft is only covered if the theft occurs from inside a locked building at the site and only where there is evidence of forced entry Safety net up to 10% of the sum insured for your building, and up to 5% of the sum insured for your contents.	For contents cover, theft is covered if the theft occurs from a fully enclosed and lockable building at the site and for up to $2,000 for items that were in the open air at the site Safety net up to 20% of the sum insured for your building, and up to 10% of the sum insured for your contents Electrical motor burnout Accidental glass breakage Loss of rent up to 10% of your sum insured or for up to 12 months, whichever is less.

Essential Care

Quality Care

For contents cover, theft is only covered if the theft occurs from inside a locked building at the site and only where there is evidence of forced entry
Safety net up to 10% of the sum insured for your building, and up to 5% of the sum insured for your contents.

For contents cover, theft is covered if the theft occurs from a fully enclosed and lockable building at the site and for up to $2,000 for items that were in the open air at the site
Safety net up to 20% of the sum insured for your building, and up to 10% of the sum insured for your contents
Electrical motor burnout
Accidental glass breakage
Loss of rent up to 10% of your sum insured or for up to 12 months, whichever is less.

Compare differences on the full list of insured events, extra benefits and contents with cover limits.

Add optional Landlord Extras to any level of cover for protection against tenants for theft, malicious damage or rent default.

Insured events
Extras
Limits
Tenants
How to save

Insured events

Compare the differences between the 2 levels of building and contents cover for these insured events, which are covered up to your chosen sum insured.

This summary of insured events is a reference tool only. For further details of the relevant terms and conditions, limits and exclusions, read the Landlord Insurance Product Disclosure Statement.

Copies of the other current Landlord Insurance Product Disclosure Statements are available.

Insured Events	Essential Care	Quality Care
Escape of liquid	excludes liquid escaping from a shower recess
Fire, explosion, earthquake	fire cover excludes damage caused by smoke where there was no flame at the site
Storms, lightning, flood	storm cover excludes damage to gates, fences and freestanding walls
Impact
Theft	for contents cover, theft is only covered if the theft occurs from inside a fully enclosed and locked building at the site provided there's evidence of forced entry	for contents cover, theft is covered if the theft occurs from inside a fully enclosed and lockable building at the site and up to $2,000 in the open air at the site
Malicious acts, riot or civil commotion
$20m legal liability cover
Electrical motor burnout
Accidental breakage of glass

Extras

After an insured event (and sometimes even without one), related expenses and extra benefits are automatically covered.

Landlord building benefits paid in addition to your building sum insured

Benefits	Essential Care	Quality Care
Sum insured safety net	Up to 10% of the sum insured	Up to 20% of the sum insured
Demolition and removal of debris	Up to 10% of the sum insured	Up to 10% of the sum insured
Rainwater tanks and solar heating		Up to $3,000

Landlord building benefits paid as part of your building sum insured

Benefits	Essential Care	Quality Care
Emergency repairs and protection
Professional fees	Up to 10% of the sum insured	Up to 10% of the sum insured
Building laws and regulations	Up to 10% of the sum insured	Up to 10% of the sum insured
Fire brigade charges	Up to $5,000	Up to $5,000
Mortgage discharge
Landlord fixtures and fittings		Up to $20,000
Loss of rent		Up to 10% of the sum insured or for up to 12 months whichever is less

Landlord contents benefits paid in addition to your contents sum insured

Benefits	Essential Care	Quality Care
Sum insured safety net	Up to 5% of the sum insured	Up to 10% of the sum insured
Removal of debris	Up to 10% of the sum insured	Up to 10% of the sum insured

Landlord contents benefits paid as part of your contents sum insured

Benefits	Essential Care	Quality Care
Fire brigade charges	Up to $5,000	Up to $5,000
Emergency storage of contents		Up to 10% of the sum insured or for up to 12 months whichever is less
Loss of rent		Up to 10% of the sum insured or for up to 12 months whichever is less

Other building benefits

Benefits	Essential Care	Quality Care
Sum insured automatic indexation
Locks and keys		Up to $1,000

Limits

Your building and contents are covered up to your chosen sum insured, except the contents listed below, which are covered up to the maximum amounts shown.

Contents with limits	Essential Care	Quality Care
Artworks	Up to $3,000	Up to $10,000
TVs, stereos, VCRs, DVD/Blu-ray players and recorders	Up to $3,000	No limit
Contents in the open air		Up to $2,000 for loss or damage caused by storm, flood and theft, and up to 20% of the sum insured for all other insured events

Limits on these items cannot be increased.

Tenants

Add optional Landlord Extras for cover against certain events caused by tenants such as theft, malicious damage or defaulting on rent payments.

Event	Cover
Malicious acts or theft by tenants	Up to the Building or Contents sum insured
Loss of rent due to default by tenants (but not for casually let properties)	Up to $1,000 per week/ max 10 weeks
Legal expenses due to rent default	Up to $5,000
Denial of access to tenant by Government authority	Up to $1,000 per week/ max 52 weeks
Damage caused by pets	Up to $500

Do you need a rental agreement with your tenants?

A Landlord Extras claim will only be paid if you’re able to provide certain documents and evidence such as:

A written rental agreement
A documented booking confirmation (for casually-let properties)
Documented property inspection reports.

The rental agreement should state the term of the lease, the amount of rent and bond payable by the tenant/s.

How to save

There’s no extra fee to pay monthly, and you can save on your premium if you qualify for one or more of these discounts:

No claim bonus
Combined policy discounts: Building + Contents
If you have a Westpac Premier Advantage Package loan (please call or visit us to receive this discount).

Your online quote will automatically include the discounts you’re eligible for, unless otherwise stated above.

The cost of your premium is made up of a wide range of factors and some of your choices may also help reduce your premium.

Generally speaking, here’s how your choices may affect your premium:

Choosing a voluntary claim excess. The higher the voluntary claim excess chosen, the lower your premium: $250, $500, $1,000, $2,000, $5,000
Choosing a lower level of cover e.g. the premium for Essential Care is less than Quality Care
Your home security features (contents premium):
- Deadlocks, key operated window locks, security grills or bar
- Local or back-to-base alarm

Save up to 25% when you quote and buy online

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Canstar Outstanding Value, Contents Insurance, 2018

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Save up to 25% when you quote and buy Landlord Insurance online

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Features and articles

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Things you should know

Cover is subject to your application for insurance being accepted.

* Safety net of between 5% and 20% of your sum insured, depending on your type of cover.

^# Receive a 10% discount on your annual premiums when you combine both your building and contents at the same address under one policy. Applied automatically at checkout.

Westpac Retail and Business Banking Financial Services Guide, Credit Guide and Privacy Statement (PDF 102KB) (PDF 101KB)

Landlord Insurance Product Disclosure Statement and Supplementary Product Disclosure Statement (applicable to policies initially issued on or after 30 June 2018 and current policies last renewed on or after 30 July 2018) (PDF 338KB)

Landlord Insurance Product Disclosure Statement (applicable to current policies last renewed before 30 July 2018) (PDF 230KB)

Landlord Insurance is issued by Westpac General Insurance Limited ABN 99 003 719 319 (except workers compensation cover where applicable). Westpac Banking Corporation ABN 33 007 457 141 distributes the insurance, but does not guarantee the insurance. This information does not take into account your personal circumstances. Read the Product Disclosure Statement to see if this insurance is right for you.

Important Update for Landlord Insurance (PDF 288KB)