Insure your investment property and landlord’s contents for insured events such as theft, fire7, storm7 and malicious damage.
Fire7 & smoke.
Water or other liquid damage.
Theft or burglary.
Explosion.
Accidental breakage of glass or ceramic items.
Impact damage.
Vandalism or malicious damage.
Lightning.
Earthquake8 or tsunami8.
Riot or civil commotion.
*For full details of the terms, conditions, limits and exclusions that apply, please refer to the relevant Product Disclosure Statement, any supplementary PDS and Landlord Buildings and Landlord Contents Key Fact Sheets.
Cover for the compensation amount you are liable to pay if you employ a domestic worker and they are injured while working for you at the insured address. Only available in ACT, WA and TAS.
Option to be covered for loss of rent due to specified rental defaults, up to $10,000 in total for all claims during the period of insurance.
Cover for loss or damage to your insured buildings or contents caused by theft, burglary or housebreaking committed by your tenant or invitees of your tenant.
We do not provide advice based on any consideration of your objectives, financial situation or needs. Terms, conditions, limits and exclusions apply. Before making a decision please refer to the Landlord Product Disclosure Statement (PDS) any applicable supplementary PDS Landlords Buildings or Landlords Contents Key Fact Sheets also available for reference.
Landlord insurance can give you the confidence that your property will be covered should something go wrong. COTA Landlord Insurance covers the property and/or the contents you provide for your tenant’s use from loss or damage by insured events.
Landlord Buildings
Designed to cover the physical structures that make up your property, like the house itself, garage, sheds, permanently installed swimming pools and decks.
Landlord Contents
Designed to cover items at your property – from furniture, white goods and removable domestic appliances and white goods which belong to you as the landlord and that you have provided for the use of your tenant. It also covers your carpets and window furnishings.
Here is a limited summary of the benefits of a landlord insurance policy. For full details of the standard terms, conditions, limits and exclusions that apply please read the Product Disclosure Statement (PDS), any applicable supplementary PDS before making a decision to purchase the insurance. The Landlord Buildings and Landlord Contents Key Fact Sheets (KFS) also sets out some information about the cover.
| Inclusion | Description | Included |
|---|---|---|
| Cover for the unexpected | COTA Landlord Insurance offers cover for your investment property for out of the ordinary but devastating events such as fire7, storm7 and burglary. |
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| Legal liability | COTA Landlord insurance will cover your legal liability up to $20 million for payment of compensation relating to death, bodily injury or illness, and/or physical loss of or damage to property caused by an accident (or series of accidents). If you have contents cover only, it does not cover any legal liability you may incur as owner of the buildings unless the buildings are defined as a lot. |
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| Making your buildings environmentally friendly | If you have buildings cover and your buildings are totally destroyed and need to be rebuilt, in addition to your buildings sum insured, COTA Landlord insurance will pay up to $5,000 (after deduction of any government or council rebates) to help you make the new buildings more environmentally friendly. |
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| Landlord contents | COTA Landlord Insurance will pay for repair or replacement of contents you own and provide for your tenant’s use as a result of an insured event. If you have buildings cover only, COTA Landlord Insurance will pay up to the lesser of $10,000 or the remainder of the sum insured after payment of the buildings claim, for certain landlords contents under this additional benefit. |
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| Rental costs after an insured event | If your buildings are damaged by an insured event and can’t be lived in by your tenant, or, access to or use of the buildings is not possible for at least 7 days after an insured event COTA Landlord insurance will pay for your loss of rent on the buildings for up to 12 months if you have buildings cover or if your building is part of a strata title development and you have contents cover only. |
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| Rebuilding and professional fees | If you have buildings cover and need to rebuild your buildings after total loss or damage, COTA Landlord insurance will help pay the reasonable costs of architects, engineers, surveyors and solicitors up to $5,000. |
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| Debris removal | COTA Landlord Insurance will cover up to 10% of the building and/or contents sum insured for removing debris from your insured address if your buildings are damaged or destroyed by an insured event. |
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| 24/7 claims assistance | When you need to make a claim Allianz are there for you with 24 hour claims lodgement available online, or you can call the claims line to commence the claims process over the phone. |
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| Contents in the open air at the insured address | If you have contents cover, COTA Landlord insurance will cover contents in the open air (that you own and that you have provided for your tenants use) which have been lost or damaged by an insured event covered by your policy, up to a maximum amount of $1000. |
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| Inclusion | Description | Included |
|---|---|---|
| Landlord workers’ compensation cover | Cover for the compensation amount you are liable to pay if you employ a domestic worker and they are injured while working for you at the insured address. Only available in ACT, WA and TAS. | Optional |
| Rent default & theft by tenant | Option to be covered for loss of rent due to specified rental defaults, up to $10,000 in total for all claims during the period of insurance. Cover for loss or damage to your insured buildings or contents caused by theft, burglary or housebreaking committed by your tenant or invitees of your tenant. |
Optional |
Buildings – what’s covered
Buildings insurance is designed to insure the physical structures and fixtures that make up your buildings: from the house itself, to the garage, fences and paved driveways – even built-in appliances like showers and baths, hot water systems, air-conditioners and more.
Contents – what’s covered
Contents insurance insures the belongings you have at the insured address that you have provided for the use of your tenant: from your furniture, carpet and appliances and even your BBQ. So, if any of the insured events happen during the period of insurance, we’ll generally pay to repair or replace your contents – up to the policy limits.
It’s up to you to decide the sums insured, and the type and level of cover that you want to take out. People generally want enough insurance to cover the property’s estimated replacement value. If you don’t have enough cover, you could end up having to cover some of the costs yourself. Remember, Allianz will only pay up to the amount of your loss or the sum insured, whichever is the lesser (subject to the policy terms and conditions) – so you should also be careful not to over insure. That’s why we’ve provided these calculators. They work as guides to help you estimate the replacement value of your landlord building and contents.
When you need to make a claim, Allianz are there for you with 24/7 online claims lodgement, or you can call the claim line on
1300 651 777 to commence the claims process over the phone.
We do not provide advice based on any consideration of your objectives, financial situation or needs. Terms, conditions, limits and exclusions apply. Before making a decision please refer to the relevant Landlord
Do what you reasonably can to prevent any further loss, damage or liability. Tell the police as soon as reasonably possible about any malicious damage, theft, attempted theft, burglary or loss of insured property. Contact the Claims Call Centre on 1300 651 777 and advise the Claims Consultant of what has happened: the Claims Consultant will help you through the landlord insurance claims process.
In order to be sure that you are covered under this policy you should always contact Allianz for approval before you incur expenses you wish to claim. If you do not, Allianz will pay for expenses incurred to the amount Allianz would have authorised had you asked Allianz first.
You can apply to add these options to your policy when you start or renew it (or during your period of insurance by contacting COTA Insurance on 1300 1300 50. If you’re not sure whether you have added these cover options, you can check your policy schedule.
This insurance policy has been designed for people who are renting their property out to tenants under a residential rental agreement. Contents owned by you (or for which you are legally responsible) and provide for the use of the tenants may also be covered under the policy.
This policy is not suitable for covering the building or contents of the home you live in. In this regard, Allianz offer a Home and Contents product that has been specifically designed for homeowners or renters. For more information on Home and Contents insurance, please visit the product page.
The replacement value of your buildings is not the same as the market value – you do not need to include the value of the land when calculating the buildings replacement value.
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