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.*
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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.

Benefits of Westpac Landlord Insurance

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

Our types of insurance

Below is a summary of each cover level

For further details of the terms and conditions, limits and exclusions, read the Product Disclosure Statement (PDF 349KB).

  Essential Care Quality Care
$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 10% of the sum insured Up to 20% of the sum insured
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

 
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

Below is a summary of each cover level

For further details of the terms and conditions, limits and exclusions, read the Product Disclosure Statement (PDF 349KB).

 

  Essential Care Quality Care
$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
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

 
Landlord fixtures and fittings   Up to $20,000
Accidental breakage of glass    
Malicious acts, riot or civil commotion    
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
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

Below is a summary of each cover level

For further details of the terms and conditions, limits and exclusions, read the Product Disclosure Statement (PDF 349KB).

  Essential Care Quality Care
$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
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

 
Landlord fixtures and fittings   Up to $20,000
Accidental breakage of glass    
Malicious acts, riot or civil commotion    
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
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

Online Offer

Save up to 25% when you quote and buy 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.*

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

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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. The Building calculator available through our websites 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.

 

Westpac Retail and Business Banking Financial Services Guide, Credit Guide and Privacy Statement (PDF 102KB) (PDF 85KB)

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 349KB)

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.