*iSelect does not compare to all home and contents insurers in the market. The availability of policies may change from time to time. Not all policies made available from iSelect’s providers are compared by iSelect and due to commercial arrangements, area or availability, not all policies compared by iSelect will be available to all customers. See below for our range of home and contents insurers. Some policies are only available from iSelect’s call centre or online. Our advice on this website is of general nature and does not consider your situation or needs. Consider if any advice is appropriate for you before acting on it. Learn more.

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So you want to be a landlord? Smart!

You’re probably thinking that investment properties can be a great way to earn extra money or help pay off a mortgage. You’re probably not thinking about what could happen if your tenants caused serious damage to your property, or suddenly abandon it, leaving you with the cost of removing their things and finding new tenants.

How to choose a Landlord Insurance policy

If you’ve read this far, you probably understand that not all landlord insurance policies are created equal. So before you commit, it’s a good idea to compare policies.

Landlord insurance explained, with iSelect.

Learn more about how Landlord insurance works in this short video.

Different factors can impact the cost of your policy. Before you get a landlord insurance quote, it may be beneficial to consider the following

Level of insurance

you may only decide to cover the risk of physical damage to your property. However if you’re furnishing the property, you might consider adding contents insurance to your policy. Keep in mind that items like carpets, curtains, and appliances are considered furnishings.

Location

If your property is located in an area with a lot of crime, or one that’s prone to flooding, it could impact the cost of your policy. You can call your local council to find out if your property is located in a flood, fire or cyclone zone.

Pets

You could have the most responsible tenants in the world, but if they have a pet, the risk of damage goes up. So if you rent out a property and the owners have pets, it could impact the cost of your policy.

Specific risks

if your property is at a higher risk for flooding, bushfires, or other disasters that can cause significant damage, your policy could be more expensive.

Frequently Asked Questions

What is Landlord Insurance?

But my tenants pay a bond. How is this different?

How much can it cost?

What isn’t typically covered by landlord insurance?

What about short-term properties?

Does it differ by state?

How can I get the most out of my policy?

How to choose a Landlord Insurance policy

Last updated: 23/06/2021

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*iSelect does not compare all home and contents insurers or policies in the market. The availability of policies may change from time to time. Not all policies available from iSelect’s providers are compared by iSelect and due to commercial arrangements, area or availability, not all policies compared by iSelect will be available to all customers. Some policies are only available from iSelect’s call centre or website. A number of our participating general insurance brands are arranged by Auto & General Services Pty Ltd ACN 003 617 909 on behalf of Auto & General Insurance Company Limited 111 586 353, both of which are related entities of iSelect Limited. Our relationship with those companies does not impact the integrity of our comparison service. Click here to view iSelect’s range of providers.

iSelect General Pty Ltd ABN 90 131 798 126, AFS Licence Number 334115. Any advice provided by iSelect on this website is of a general nature and does not take into account your objectives, financial situation or needs. You need to consider the appropriateness of any information or general advice iSelect gives you, having regard to your personal situation, before acting on iSelect’s advice or purchasing any policy. You should consider iSelect’s  Financial Services Guide  which provides information about our services and your rights as a client of iSelect. iSelect receives commission for each policy sold that is a percentage of the premium or a flat fee. Ask us for more details before we provide you with any services.