We built award-winning insurance into your Ailo app to make it easier for you to protect your investment.
What is included in QBE Landlord Insurance cover?
Landlord Insurance can provide cover for your rental property and, if it’s furnished, you can cover your contents too. The table below shows some of the standard features of QBE Landlord Insurance.
| Buildings & contents | Buildings cover only | Contents cover only | |
| Fire | |
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| Theft * | |
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| * This includes loss or damage by your tenant | |||
| Accidental damage * | |
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| * This includes damage by your tenant | |||
| Vandalism or malicious acts * | |
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| * This includes damage by your tenant | |||
| Chemical decontamination costs * |
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Up to $35,000 |
Up to $35,000 |
| * As a result of any illegal or controlled drug manufacturing, distribution or storage by your tenants. | |||
| Damage by tenants' pets |
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| Building repair or replacement * | |
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| * Up to your buildings sum insured. | |||
| Legal liability | Up to $30 million at the property |
Up to $30 million at the property |
Up to $30 million at the property (strata lot only) |
| Loss of rent * | |
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(strata lot only) |
| * If your rental property is damaged by an insured event and becomes unliveable. Different limits apply depending on your type of rental property. | |||
| Extreme weather, natural disasters * | |
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| * For events such as storms, floods, earthquakes, lightning and tsunamis. | |||
| Escaped water damage * | |
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| * For events such as a burst pipe. | |||
| Broken glass (accidental) | |
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| Damage by explosion | |
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| Burnout of electric motors * | |
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| * Includes cover for electric motors, up to 10 years old, in a domestic machine or appliance if burnt out by an electric current. | |||
| Environmental upgrades - buildings * | Up to $2,500 |
Up to $2,500 |
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| * For example, if your buildings are a total loss and we rebuild them, we can cover the cost to install a rainwater tank. | |||
| Environmental upgrades - contents * | Up to $500 per item, $2,500 in total |
Up to $500 per item, $2,500 in total |
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| * For example, if you have a claim and we agree to replace an item, we can replace it with a similar one that has a better energy rating. | |||
| Collision by things like vehicles or an aerial * | |
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| * As an example, damage caused by a vehicle, trailer or caravan colliding with the property. | |||
| Damage by a falling tree or branch | |
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| Damage by animals | |
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| Lifetime guarantee on repairs * | |
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| * Lifetime guarantee on buildings repairs if we have selected and authorised the repairer. | |||
| Rent default * | Optional | Optional | Optional |
| * Where your tenant doesn’t pay their rent. Cover is only available for a formal lease. Different limits apply depending on the rent default event. | |||
Read the Product Disclosure Statement (PDS) and Target Market Determination (TMD) for full details, including limits, exclusions and conditions that apply.
Landlord insurance FAQs
QBE Landlord insurance
What is landlord insurance?
Landlord insurance is designed to provide cover for the risks of owning a rental property. Landlord insurance policies can cover costs incurred as a result of damage or loss due to events like fire, flood, storm, tenant theft, vandalism, and more. With QBE, you can choose to cover your rental property only, your contents only, or both.What does landlord insurance cover?
The QBE Landlord Insurance policy provides cover for the cost of repairs and replacements due to events such as:* Fire
* Flood
* Storm
* Vandalism
* Theft.
QBE Landlord Insurance also includes things like:
* Accidental damage cover caused by you, your tenant or paying guests
* Vandalism, malicious acts or theft by tenants or paying guests
* Damage by a tenant’s pet
* Up to $30 million legal liability cover
* Clean up due to illegal drug activity
* Electrical motor burnout cover
* Loss of rent after an insured event if your property is unliveable
* And more.
Find out more by reading the Product Disclosure Statement (PDS).
Do I need contents insurance as a landlord?
If you have either fully or partially furnished your rental property and you want to cover your contents that are for your tenants use, you can select contents cover. This can help to cover your contents in case of events such as malicious damage or theft by tenants, or accidental damage by you or your tenants. Landlord contents cover can also be useful for strata-lot owners who want to cover fixtures within the property that the body corporate is not required by law to insure.Read the PDS for full details including limits, exclusions and conditions that apply.
How much is landlord insurance?
The cost of landlord insurance can depend on a number of factors, such as:* How much cover you choose for your rental property (sometimes called your ‘sum insured’)
* Whether your policy has any options, such as rent default cover
* The basic excess you choose (consider a basic excess you can afford to pay at short notice if you need to make a claim)
* Your claims history Location of your rental property
* Characteristics of your rental property.
The easy way to compare landlord insurance and see how much it may cost you is to get a quote in your Ailo app.
What is the difference between building insurance and landlord insurance?
Landlord insurance can cover the buildings at your rental property, which includes cover for its fixtures and fittings and, if it’s furnished, you can cover your contents too. It can also include cover for loss of rental income and damage to your property by tenants. Building insurance that is not under a landlord policy can cover your property and its fixtures and fittings, but won’t insure your home contents, and generally won’t cover properties that are rented out.Is landlord insurance tax deductible?
If you own a rental property, you may be able to claim landlord insurance costs for your rental property for the period it was tenanted or available for rent. Check with a tax adviser to find out whether you can claim a tax deduction for your landlord insurance costs.Insurance in Ailo
How does it work?
When you log into your Ailo app, you will be shown an indicative price and given the opportunity to get a formal quote or to learn more about the insurance product if you are eligible.If you choose to move forward with a quote, you will be prompted to answer a few questions within your Ailo app to get a formal quote. You can choose to save their quote or move straight to purchase – all within your app.
If you choose to purchase, you will have the option to pay via debit or credit card, and the bill will be included in your next monthly statement (along with your end of financial year statement), so you can claim the cost back as a tax deduction.