Landlord Insurance

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Suncorp Landlord Insurance covers you for loss or damage to your investment property, with automatic inclusions for flood#, storms#, fires and theft as well as specific cover for incidents such as loss of rent due to tenant default.

We cover these events as standard. (We do not insure for bushfire, storm, storm surge, flood or tsunami in the first 72 hours of your policy. Very limited exceptions apply. Read the PDS for more details.)

What does Landlord Insurance cover?

You can choose to cover your property, your contents, or both, as well select optional covers such as motor burnout or accidental damage at the property for an additional premium.

Cover Type

Amount

Loss or damage from incidents such as floods*, storms#, fires and theft

Amount nominated by you

Loss of rent if your tenant cannot live at your property due to damage

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Up to 10% of the property sum insured for up to 52 weeks

Up to 10% of the contents sum insured for up to 52 weeks

Cover for loss of rent is limited to 2 weeks for a periodic rental agreement. See the PDS for details.

  • Up to 14 weeks loss of rent caused by tenant default, up to $5,000 in total
  • Up to 14 weeks loss of rent if your tenant permanently leaves without notice, up to $5,000 in total

Up to $20 million

Optional covers

Cover Type

Amount

As nominated by you

The reasonable cost to repair or replace the motor of household equipment and appliances less than 10 years old^

Up to a further 25% of the property sum insured

Product Disclosure Statement

This is just a summary, for full details of what is and isn't covered please refer to the Landlord Insurance Product Disclosure Statement (PDS)

Suncorp Home Insurance Calculators

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.

HOME BUILDING CALCULATOR
 

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.

Suncorp Home Building Calculator

CONTENTS CALCULATOR
 

Estimate your contents coverage

Estimate the replacement costs of your home's contents to help determine how much contents cover you may need.

Suncorp Content Calculator

Frequently Asked Questions

+ Any subsequent discounts are applied to the already discounted premium, before government taxes and charges.

* Actions or movements of the sea and storm surge are not covered (unless the storm surge damage occurs at the same time as other insured damage caused by storm). We don't cover retaining walls or flood damage to wharves, jetties, pontoons. See PDS for further exclusions.

# We do not insure for bushfire, storm, storm surge, flood or tsunami in the first 72 hours of your policy. Very limited exceptions apply. Read the PDS for more details.

^ Conditions apply. See the Product Disclosure Statement for more information.

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.

Tenant default

We do not cover loss of rent if:

  • You do not have a rental agreement in place
  • The rent was in arrears when you took out this policy

Please note, we do not pay the first 4 weeks of any unpaid rent. The most we will pay under this cover is 14 weeks lost rent if you have a written rental agreement, to a maximum of $5,000. For full details of this cover please refer to the PDS.

Flood

Flood means the covering of normally dry land by water that has escaped or been released from the normal confines of things like a lake, river, reservoir, canal or other natural watercourse.

Actions or movements of the sea or storm surge are not covered. Some things we don't cover are damage to retaining walls, jetties, pontoons and garden borders.

Storm

Storm means a storm, cyclone or severe atmospheric disturbance. It can be accompanied by strong winds, rain, lightning, hail, snow, or dust.

It includes loss or damage caused by a landslide or subsidence within 72 hours of, and directly because of, a storm and not because of erosion, structural fault or design fault.

Riot and civil commotion

An example of a riot, civil commotion or public disturbance event would be damage caused by a violent crowd moving down your street.

It doesn't cover loss or damage caused by someone who had consent to enter the insured address and doesn't cover loss or damage if anyone living at the insured address participated in the disturbance.

Lightning

Lightning, including power surges caused by lightning, will be covered providing a qualified repairer gives written confirmation to show lightning as the cause of loss or damage and the Australian Government Bureau of Meteorology has a record of lightning in the area.

Fire

Loss or damage caused by fire (includes bushfire) and heat, ash, soot and smoke that is a direct result of a fire within 100 metres of the insured address.

It doesn’t include arcing, scorching or cigarette burns unless a fire spreads from the initial burn spot.

Pollution or vapour damage by a home heater or cooking appliance is covered if a fire spreads from the initial source.

If there is a bushfire in your area, we also cover the cost of replacing water in any tank, container, pool, spa and any other storage vessel, even if there is no physical damage to your property. The most we will pay is $1,000.

Theft and burglary

Theft or burglary occurs when someone enters the insured address without your consent and steals or intends to steal items.

We don't cover loss or damage caused by thieves or burglars entering the insured address from common property without signs of forced entry, or loss or damage caused by anyone living at the address.

Explosion

We cover loss or damage caused by an explosion but we don't cover the cost of repairing or replacing the container or tank that exploded.

Earthquake and tsunami

We cover damage that occurs within the first 72 hours following an earthquake or tsunami.

This includes cover for damage caused by a landslide or subsidence within 72 hours of, and directly because of, an earthquake or tsunami. It doesn't cover damage caused by erosion over time or a structural or design fault.

Malicious acts

Malicious acts or vandalism includes things like vandals damaging your letterbox or painting graffiti on your home.

It doesn't include damage caused by someone who lives or is staying at the insured address or who entered the insured address with your consent.

Damage by animal

This covers loss or damage caused by an animal that becomes accidentally trapped inside your home.

We don't cover damage caused by any animal you own or are responsible for, or has been allowed onto the insured address, or damage caused by insects, vermin or rodents (unless the damage they caused is covered under fire or escape of liquid).

Impact

Impact covers damage caused by impact from things like a falling tree, power poles, tv antennas, aircrafts, motor vehicles and even space debris.

It doesn't include damage caused by trees being lopped, felled or transplanted by you or for you.

Escape of liquid

This covers damage caused by liquid leaking, overflowing or bursting from things like your fridge, washing machine, bath (but not shower), toilet, fixed pipes (except agricultural pipes), swimming pool, water main, fixed cooling system or an aquarium.

We do not cover the cost of fixing the leak itself, wear, tear and gradual deterioration or loss or damage as a result of a gradual process of liquid leaking, splashing, dripping or overflowing. See the PDS for more details on what we don't cover.