Landlord Insurance
Important Notice
Landlord Extras customers
Have you lost rental income as your tenant has been financially impacted by COVID-19 and cannot pay their rent? You may be able to claim under your Optional Landlord Extras cover, see the Landlord Extras COVID-19 claims FAQs to learn more.
Rent default cover
We’re not currently offering Landlord Extras cover, which includes cover for loss of rent due to default by tenants, to new or existing Landlord Insurance customers. There may be other insurance options available to suit your requirements; please refer to the Insurance Council of Australia for a list of alternative providers.
Online offer
Save up to 25% when you quote and buy Landlord Building and Contents Insurance online
Quote and buy online and save 15% off your annual premium for the first year with promotional code COVER. Plus, save 10% when you combine building and contents at the same address under the one policy.
Our Landlord Insurance cover types
Choose from 2 levels of cover
For further details of the terms and conditions, limits and exclusions, read the Product Disclosure Statement (PDF 349KB).
| Essential Care | Quality Care |
|
|---|---|---|
| Storms, lightning, flood | Storm cover excludes damage to gates, fences and freestanding walls | |
| Fire, explosion, earthquake |
Fire cover excludes damage caused by smoke where there was no flame at the site | |
| 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 only 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 |
| $20m legal liability cover | ||
| Loss of rent | Up to 10% of the sum insured or for up to 12 months whichever is less | |
| Sum insured safety net | Up to 5% of the sum insured | Up to 10% of the sum insured |
| Landlord fixtures and fittings | Up to $20,000 | |
| Accidental breakage of glass | ||
| Malicious acts, riot or civil commotion | ||
| Rainwater tanks and solar heating |
|
Up to $3,000 |
| Electrical motor burnout | ||
| Escape of liquid | Excludes liquid escaping from a shower recess | |
| Emergency repairs and protection | ||
| Emergency storage of contents | Up to 10% of the sum insured or for up to 12 months whichever is less | |
| Mortage discharge | ||
| Locks and keys | Up to $1,000 |
Choose from 2 levels of cover
For further details of the terms and conditions, limits and exclusions, read the Product Disclosure Statement (PDF 349KB).
| Essential Care | Quality Care |
|
|---|---|---|
| Storms, lightning, flood | Storm cover excludes damage to gates, fences and freestanding walls | |
| Fire, explosion, earthquake | Fire cover excludes damage caused by smoke where there was no flame at the site | |
| Theft | Covered if the theft occurs from inside a fully enclosed and locked building at the site provided there's evidence of forced entry | 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 |
| $20m legal liability cover | ||
| Loss of rent | Up to 10% of the sum insured or for up to 12 months whichever is less | |
| Sum insured safety net | Contents: Up to 5% of the sum insured Building: Up to 10% of the sum insured |
Contents: Up to 10% of the sum insured Building: Up to 20% of the sum insured |
| Landlord fixtures and fittings | Up to $20,000 | |
| Accidental breakage of glass | ||
| Malicious acts, riot or civil commotion | ||
| Rainwater tanks and solar heating |
|
Up to $3,000 |
| Electrical motor burnout | ||
| Escape of liquid | Excludes liquid escaping from a shower recess | |
| Emergency repairs and protection | ||
| Emergency storage of contents | Up to 10% of the sum insured or for up to 12 months whichever is less | |
| Mortage discharge | ||
| Locks and keys | Up to $1,000 |
Optional Landlord Extras
Landlord Extras provides cover against certain events caused by tenants such as theft, malicious damage or defaulting on rent payments3.
- Malicious acts or theft by tenants
- Loss of rent due to default by tenants (but not for casually let properties). Please note, Landlord Extras may not provide cover if your tenant is unable to pay their rent due to COVID-19 circumstances.
- Legal expenses due to rent default
- Denial of access to tenant by Government authority
- Damage caused by pets
Why choose Westpac?
You've got a safety net
Our cover comes with an automatic safety net in case repair or replacement costs are higher than expected1
Flexible payment options
Manage your budget – pay by the month at no extra cost^
24/7 claims support
We’ll do what we can to help support you every step of the way
Need more help?
Features and articles
Building Calculator
Underinsurance is when your insured amount isn’t enough to cover the cost of rebuilding your home. Receive an estimate on the cost to rebuild your home at today’s prices using the Home Building Insurance Calculator. Details on the benefits paid for your building sum insured are available in the PDS. Calculators on our website are intended as a guide only.
Things you should know
Cover is subject to your application for insurance being accepted.
Quote and buy online and save 15% off your annual premium for the first year with promotional code COVER. Plus, save 10% when you combine building and contents at the same address under the one policy.
^ Premiums payable by instalments may be subject to minor adjustments due to rounding, and financial institution transaction fees may apply.
1. Safety net of between 5% and 20% of your sum insured, depending on your type of cover.
3. 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.
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.