Some insurers don’t offer cover for unpaid rent by tenants. But AAMI Does. Tenant Protection Optional Cover now available.
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Landlord Insurance for your investment property
Our Landlord Insurance can help keep your investment property covered, inside and out, and comes with optional Tenant Protection Cover and optional Complete Replacement Cover. Manage your investment expenses by only paying for the cover you need. Get $50 OFF when you quote and buy online. .
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Building & Contents
For landlords
what's covered
- Repair or rebuild of your rented property
- Repair or replacement of your contents
e.g. carpets / rugs - Loss of rent following an insured event
- Legal liability
Want a little more info?
optional covers
Complete Replacement Cover
Tenant Protection
All upgradable details
insured events include
Fire
Escape of Liquid
Storm and lightning
Malicious damage by people other than tenants and guests
All insured events
$50 OFF
when you quote and buy online
Get a quote
Policy document downloads
Product Disclosure Statement (PDS)
Building only
For landlords
what's covered
- Repair or rebuild of your rented property
- Loss of rent following an insured event
- Legal liability
Want a little more info?
optional covers
Complete Replacement Cover
Tenant Protection
All upgradable details
insured events include
Fire
Escape of Liquid
Storm and lightning
Malicious damage by people other than tenants and guests
All insured events
$25 OFF
when you quote and buy online
Get a quote
Policy document downloads
Product Disclosure Statement (PDS)
Contents only
For landlords
what's covered
- Contents damage or loss
- Legal liability
Want a little more info?
insured events include
Fire
Escape of Liquid
Storm and lightning
Malicious damage by people other than tenants and guests
All insured events
$25 OFF
when you quote and buy online
Get a quote
Policy document downloads
Product Disclosure Statement (PDS)
Strata
Get a quote
Call 13 22 44
what's covered
- Repair or Rebuild damaged parts to the building, unless cash settled
- Loss of Rent for unit owners following an insured event
- Legal Liability of up to $20 milllion
- Office Bearer’s Liability of $1 million
Want a little more info?
Policy document downloads
Product Disclosure Statement (PDS)
insured events include
Fire
Escape of Liquid
Storm and lightning
Flood
Malicious acts or vandalism by people who are not tenants or their guests
All insured events
Get more info
On a shared block?
Landlord Insurance does not cover strata title buildings.
So if your rental property is on a shared block or shares walls with other properties, you may need Strata Insurance.
More about Strata Insurance
Work out the value of your contents using our calculator.
EASY CLAIMS PROCESS
Helping you at every step
If you ever need to claim, your dedicated Client Manager can organise every detail from beginning to end.
- All quotes and repairs
- Sourcing of materials and replacement items
- Requirements of your local council or authority
- Regular communication with you throughout the process.
Claim now online
Our claims process
What's covered for Landlords
- Your Building
- Your Contents
- Optional Cover
- Insured Events
Get a quote
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- Your Building
- Your Contents
- Optional Cover
- Insured Events
Your Building
In Building & Contents, and Building Only Insurance
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Cover for damage to the building
Also includes outbuildings like garages and sheds, and other permanent fixtures like fences, decks and solar panels.
Cover for third party liability
Up to $20 million legal liability can help you take care of legal and other costs if someone suffers injury, death or property damage at your rented property and you’re liable.
Loss of rent following an insured event
If the rented property cannot be lived in or re-leased, we will pay the weekly rental amount for the time it should take to repair or rebuild the building so that it can be lived in again or re-leased, for up to 52 weeks and the most we will pay is $25,000 if you have building cover.
Motor burnout cover
If the motor in one of your fixed appliances burns out or fuses and that motor is less than 7 years old, we'll help you take care of repair or replacement.
Your Contents
In Building & Contents, and Contents Only Insurance
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Loss or damage to your contents
If loss or damage to your landlord contents is covered under your policy your contents may be replaced, repaired or we may pay you. We will aim to use a member of our supplier network to repair or replace damaged contents. Sometimes this is not always possible or practical and this will determine how your contents claim will be settled. Refer to your PDS for how we settle contents claims.
New for old for your lost or damaged items
New for old means:
- New materials, new items;
- New for old, regardless of age;
- Same type, standard and specification as when new (or if not reasonably available, similar type, standard and specification).
For a full definition of ‘new for old’ and for how we settle contents claims, refer to the PDS.
Storage of undamaged contents
If some or all of your landlord contents escape damage from an insured event, but they can’t be kept at the rented property – say, if they’ll be exposed to the elements during repair work– we’ll cover the cost of storing them, up to 10% of your landlord contents sum insured.
Motor burnout cover
If the motor in one of your fixed appliances burns out or fuses and that motor is less than 7 years old, we'll help you take care of repair or replacement.
Optional Covers
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Complete Replacement Cover
For buildings only
Our best protection against underinsurance. If your home is damaged or destroyed by an insured event, we'll repair or rebuild your rental property as it was or pay the total amount of the assessed quote to repair or rebuild it.
More detail on coverage
Tenant Protection
Extra cover to protect you against the costs of unpaid rent, theft or malicious damage by your tenant and their guests.
More detail on coverage
Insured Events
These are the events that you can make a claim for, if they cause loss or damage to your home or contents (or both, of course, if you have a combined policy). There are limits, conditions and exclusions which apply, so check out the policy documents to make sure you’re up to speed.
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Flood
Including water overflowing from things like lakes, rivers, or dams.
Storm
That's rain, wind, thunder, that sort of thing. FYI, storm damage is one of our most common claims, so this is a biggie.
Storm surge
That's a rush of water pushed from the sea onto the land caused by very strong winds. It doesn't include actions or movements of the sea. The loss or damage caused by storm surge must happen at the same time as other insured damage caused by storm.
Lightning
Including power surges caused by lightning, will be covered providing a qualified repairer confirms lightning as the cause of loss or damage.
Fire
Loss or damage caused by fire (includes bushfire) and heat, ash, soot and smoke that is the direct result of a fire within 100 metres of the insured address.
Earthquake & Tsunami
These may not be likely, depending on where you live, but you'll be covered just in case.
Theft or burglary
This also includes attempted theft, if nothing is stolen but the attempt causes damage that needs repairing.
Escape of liquid
This refers to liquid leaking, overflowing or bursting from things like appliances, fixed pipes, drains, and waterbeds
Impact
This refers to damage caused by impact from falling tree branches, power poles or TV antennas.
Damage by an animal
Not your pets, though. This refers to damage caused by animals (not insects, vermin or rodents) who aren’t supposed to be there.
Explosion
We cover the loss or damage caused by an explosion but we don’t cover the cost of replacing or repairing the tank or container that exploded.
Riot, civil commotion or public disturbance
An example would be damage caused by a violent crowd moving down your street.
Malicious acts and vandalism
This includes things like vandals damaging your letterbox or tagging the building with graffiti.
Insured Events listed above apply to AAMI Home Insurance products, excluding Fire & Theft Contents Insurance which is limited to loss or damage by Fire, Theft or Burglary. We don't insure you for bushfire, storm, storm surge, flood or tsunami for the first 72 hours of your policy. Very limited exceptions apply. Read the PDS for more detail.
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Jump online any time to make a claim, update your policy, check your policy docs and more.
- Access my policy documents
- Update my details
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Landlord Insurance
Frequently asked questions
To make your life easier, you can make a number of changes to your home insurance policy online. Through your AAMI account, you can change the sum of contents you’re insured for, update the sum of your insured building, update the unspecified portable items included in your cover, and more.
Simplylog in, click on the ‘My policy list’ link, and select the relevant policy you want to update. From the ‘Update my policy’ tab, you’ll find several options for making changes. Unfortunately, some things can’t be altered online, including changing your cover type (for example, from Property Owner to Landlord), and changing the specified portables listed on your cover. For these things please contact us - we’ll be happy to help you out.
Thanks for continuing to choose AAMI for your home insurance needs! We’ve made it super easy to renew online, using your AAMI account. Simply log in, click on ‘My policy list’ and choose the policy you want to renew, and select the ‘Renew now’ button.
How do I determine the right sum insured for my home?
Will I be covered by my Landlord Insurance if my tenant stops paying the rent but does not leave my property?
If you have an existing AAMI Landlord Insurance policy and you purchased Tenant Protection as an Optional Cover, you may be covered for loss of rent. You must have taken all reasonable steps legally available to you to remedy non-payment and/or evict the tenant (if possible).
Limits and exclusions apply, so please check theProduct Disclosure Statement.
Each of AAMI’s insurance products utilise a five-stage product lifecycle (Design, Delivery, Review, Enhance/Modify and Decommission). This approach allows us to put you, the customer, at the centre of our product development and distribution.
Product Development and Distribution Policy (PDF 80.5KB)
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HOME BUILDING CALCULATOR
Home Building Calculator
This calculator has some questions included that you may not find in other calculators, which will impact the estimate that is calculated.
Estimate the cost to rebuild
This calculator can help you work out the estimated rebuild cost of your home to help you choose your sum insured.
Insurance is issued by AAI Limited ABN 48 005 297 807 trading as AAMI. Limits, conditions and exclusions apply. Any advice has been prepared without taking into account your particular objectives, financial situation or needs, so you should consider whether it is appropriate for you before acting on it. Read the Product Disclosure Statementbefore you make any decision regarding this product. The Target Market Determination is also available.
Malicious damage
By ‘malicious’ we mean something done deliberately to harm your property.
For example, if your tenant smashes holes in the wall after they’ve been given an eviction notice, that’s considered malicious and is covered.
We don’t mean accidents, reckless or negligent acts, which aren’t covered. Examples of these are:
- Your tenant never empties the bins causing bad smells and infestation.
- Your tenant accidentally spills a glass of wine and ruins the carpet.
- The children of your tenant put a hole in the wall while playing indoors.
This is a just summary. For full details check the PDS (Product Disclosure Statement). It’s dry, we know, but it’s essential reading.
Currently unavailable
We are currently unable to offer Tenant Protection Optional Cover on new Landlord Insurance policies until further notice.
Home Building Calculator
This calculator has some questions included that you may not find in other calculators, which will impact the estimate that is calculated.
Optional Cover
Tenant Protection
Protection against unpaid rent, and theft and malicious damage by your tenants and their guests.
Malicious damage
By ‘malicious’ we mean something done deliberately to harm your property.
For example, if your tenant smashes holes in the wall after they’ve been given an eviction notice, that’s considered malicious and is covered.
We don’t mean accidents, reckless or negligent acts, which aren’t covered. Examples of these are:
- Your tenant never empties the bins causing bad smells and infestation.
- Your tenant accidentally spills a glass of wine and ruins the carpet.
- The children of your tenant put a hole in the wall while playing indoors.
This is a just summary. For full details check the PDS (Product Disclosure Statement). It’s dry, we know, but it’s essential reading.
what's included
- Unpaid rent up to $6,000 (limits apply)
- Theft by tenants or their guests, up to $20,000
- Malicious damage by tenants or their guests up to $30,000
- We pay you the cost to rekey or replace (whichever is less) external locks if your tenant doesn't return the keys, up to $800
Read the PDS for more detail, including limits and exclusions
how to get it
NEW CUSTOMERS
Select the AAMI Tenant Protection Optional Cover when you get an AAMI Landlord Insurance quote.
EXISTING CUSTOMERS
Call us on 13 22 44 to add AAMI Tenant Protection to your AAMI Landlord Insurance policy.
Policy document downloads
Product Disclosure Statement (PDS)
Tax Probe
Covers you for the professional fees incurred if your business’s financial or tax affairs are audited by an authorised authority.
Back in Business
Covers you for a reduction in your business revenue as a result of damage to your property by an insured event.
Theft
Covers you for the loss of your business contents and stock from theft, attempted theft, armed hold up or an actual/threatened assault.
Property Damage
Covers you for physical loss or damage to your property (ie. your business contents, stock or specified items at the premises) from insured events such as fire, lightning and explosion.
Public and Products Liability
Covers you for the cost of compensation if your business is responsible for personal injury or property damage.
Home & Contents including Legal Liability
Home & Contents covers a range of insured events, such as fire, theft or attempted theft, storms, flood and lightning.
Legal liability covers your liability to pay compensation for death or injury to other people, or loss of or damage to their property, if it results from an incident that’s connected with you owning or living in the home at the insured address. Legal liability on contents covers your liability to pay compensation for an incident which causes death or bodily injury to other people, if it occurs anywhere in Australia or New Zealand.
Damage to other people and their property
Up to $20 million cover for your legal liability for an incident at your rental property connected to you owning the property.
Loss of rent
Up to 10% of the building sum insured and the longest period that can be claimed for is 52 weeks, for unit owners if their unit is damaged and their tenant can't live in it as a result of an incident covered by the policy.
Loss of rent
The longest period we will pay for one incident is 52 weeks and the most we will pay in total is up to $25,000 if your property cannot be lived in as a result of an incident covered by the policy.
Contents damage or loss
Only those contents which are owned by the landlord but kept within the property are covered.
Third party cover
You’ll have cover, for up to $20 million, for your legal liability if a third party is injured or has their property damaged in an incident at your house.
Legal liability
We cover your legal liability to pay compensation for death of or bodily injury to other people, or loss or damage to their property, resulting from an incident which happens anywhere in Australia or New Zealand during the period of insurance:
which is unrelated to your ownership of the building, unit or land at the insured address, unless you are living in a unit and/or own the unit and your legal liability is not covered under a building policy which covers that unit; or
if it results from fixtures and fittings attached to the insured address and that you are legally responsible for under a rental agreement.
We also cover you for associated legal costs to defend a claim against you that is covered. We need to first agree to pay the legal costs before they are covered.
Legal liability
We cover your legal liability to pay compensation for death or bodily injury to other people, or loss or damage to their property, resulting from an incident which happens during the period of cover:
in connection with you owning or living in the building; and
at the insured address.
We will also pay the associated legal costs which we have agreed in writing to pay. The most we will pay for all claims from any one incident under building legal liability cover is $20 million, including all associated legal costs.
Lifetime guarantee on building repairs
When we repair or rebuild the building, we guarantee the quality of workmanship of that work for the lifetime of the building if we:
- authorise;
- arrange; and
- pay the builder or repairer directly for this work.
For full details, see the PDS.
Portable valuables
Extra cover for mobile phones, laptops, bicycles, handbags and a range of other items that you're likely to take outside your home.
Specified contents at home
If you've got a few especially valuable items, like jewellery or artworks, you can specify them on your policy to ensure they're covered up to their full value.
Temporary Accommodation
Temporary accommodation for unit owners if their unit is damaged and can’t be lived in, up to 10% of the building sum insured and the longest period that can be claimed for is 52 weeks, as a result of an incident covered by the policy.
Temporary Accommodation
Temporary accommodation for unit owners if their unit is damaged and can’t be lived in, up to 10% of the building sum insured and the longest period that can be claimed for is 52 weeks, as a result of an incident covered by the policy.
Temporary Accommodation
If your home is damaged and your policy offers cover for a repair or rebuild, we’ll cover accommodation costs for as long as that takes (up to 52 weeks). Our maximum payout for any one incident is 10% of the building sum insured — unless you have optional Complete Replacement Cover, in which case we’ll pay reasonable & necessary costs.
Temporary Accommodation
If your home is damaged and your policy offers cover for a repair or rebuild, we’ll cover accommodation costs for as long as that takes (up to 52 weeks). Our maximum payout for any one incident is 10% of the building sum insured — unless you have optional Complete Replacement Cover, in which case we’ll pay reasonable & necessary costs.
Eligible Policies
Eligible policies include AAMI Motor (excluding SA and ACT CTP) and Home Insurance policies purchased between 12th July 2019 and 9th September 2019.
Tenant Protection
Extra cover to protect you against the costs of unpaid rent, theft or malicious damage by your tenant and their guests.
Cover for spoiled food and medication
If an insured event causes food or medicine to spoil—for example, if a storm knocks out power to your fridge - we'll cover the cost, up to $400.
Cover for motor burnout
If the motor in one of your fixed appliances burns out or fuses and that motor is less than 7 years old, we'll help you take care of repair or replacement.
Home Building Calculator
This calculator has some questions included that you may not find in other calculators, which will impact the estimate that is calculated.
24/7 AAMI Home Assist
Available 24 hours after adding the option to your policy.
General maintenance
AAMI Home Assist does not cover general maintenance, such as the provision or replacement of windows, doors, glass, tiles, carpets and of fittings and fixtures. Other exclusions apply - please read the .
Preventative services
AAMI Home Assist does not cover preventative services, such as the removal of property, rubbish or debris. Read the .
Disaster response
AAMI Home Assist is not an emergency rescue or disaster response service. Read the to find out more.
Where an emergency situation poses a risk to your personal safety or property, or the personal safety and property of any other person, contact the appropriate emergency or rescue services.
This doesn’t cover damage caused by:
- Wear and tear
- The gradual deterioration of something with age
- Deliberate acts
- Defective workmanship
Limits and exclusions
This Optional Cover is for fixed glass only. Refer to the PDS for more information.
Standard Cover
Sum Insured Cover
You specify a sum insured on your policy, which should reflect how much it’d cost to rebuild your house. If the house is damaged in an insured event, this amount is the maximum we’ll pay to rebuild or repair it.
how it works
- You choose the maximum amount you’d like to insure your home for.
- Choosing the amount generally means lower premium payments.
- You know the exact maxium amount you can be paid out.
This is included as standard with AAMI Home Insurance policies.
how to get it
- Comes standard with eligible AAMI Home Insurance policies.
Policy document downloads
Product Disclosure Document (PDS)
Optional Cover
Complete Replacement Cover
If your house needs to be repaired or rebuilt after an insured event, we will offer to repair or rebuild your house as it was, or pay you the amount of the assessed quote to repair or rebuild it – without you having to set a specific sum insured.
how it works
- You don't need to set a sum insured.
- Our best underinsurance protection.
- Provides peace of mind if you’re uncertain how much it will cost to rebuild your home.
You can upgrade to Complete Replacement Cover when you get your quote online.
how to get it
- Upgrade from Sum Insured when obtaining an eligible AAMI Home Insurance quote.
Policy document downloads
Product Disclosure Document (PDS)
