Do you own a residential investment property such as a flat, unit or house? Is it leased or rented to tenants? Problem tenants are always a potential risk when leasing a property. TIO Territory Landlord Insurance offers you a solution to protect your rental property.
To provide you with the protection you need we can cover you for loss or damage to your building and/or contents, including vandalism or malicious acts by tenants. We will even pay your rent if your property is so badly damaged that it is uninhabitable.
Make sure your investment doesn't become a liability, get covered for:
- Replacement cover for your building
- New for old replacement for contents
- Cover for a range of incidents including:
- cyclone, flood and storm surge
- fire and malicious damage
- theft and housebreaking
- $20,000,000 legal liability
- Tenant Rent Default
- Malicious and intentional damage and theft by Tenant
- Disaster Cover
Additional Cover Options
We recognise that your needs as a property owner and landlord are different to the needs of someone who owns and lives in their own home. That's why we give you the option to choose the additional cover that suits your needs.
Tenant Rent Default
What would you do if your tenant defaulted on the rental repayments or broke the lease without notice? If this happens we will pay the weekly amount your property is rented for, less any bond money you are legally entitled to.
Malicious and Intentional Damage and Theft by Tenant
Malicious and intentional damage and theft by a tenant, or their visitors, is always a potential risk when leasing a property. If this happens you will have peace of mind that your building and/or contents will be replaced or repaired.
Following a significant event that causes widespread property destruction, like a cyclone, earthquake or flood, it is common for building costs to increase significantly in line with demand. The result of such an increase could be that the amount you have insured for may prove inadequate following a disaster. Disaster Cover can provide you with protection against these increased costs. If you select this cover and your building suffers damage, and a State of Disaster or a State of Emergency is declared in your area, we will automatically increase the sum insured on your building by 30%, to give you the added protection you need to rebuild.
The following table summarises the insurance cover, features and benefits. The table is a guide only, Please read the Territory Landlord Insurance Product Disclosure Statement and Policy for further information.
|Summary of Features and Benefits|
Attempted Theft, Burglary or Housebreaking
|Cover for Legal Liability||Yes||Yes|
|Extra costs to comply with by-laws||Yes||No|
|Fire or Explosion||Yes||Yes|
|Fusion of Electric Motors||Yes||Yes|
|Liquid escaping from any fixed apparatus, tank or fixed pipe or any street gutter, storm channel or storm drain||Yes||Yes|
|Loss of rent||Yes||Yes|
|Mortgagee discharge costs||Yes||No|
|New for old cover for contents||No||Yes|
|Replacing keys and repairs to and re-coding of locks and barrels||Yes||No|
|Replacement cover for buildings||Yes||No|
|Riot or Civil Commotion||Yes||Yes|
|Storm, Cyclone, Rainwater or Hail||Yes||Yes|
|Summary of Optional Covers Available|
|Malicious and Intentional Damage and Theft by Tenants||Yes||Yes|
|Mortgage Protection - for strata title units/flats only||Yes||No|
|Tenant Rent Default||Yes||Yes|
For more information or to request a quote please phone us on 1300 301 833 or visit your nearest TIO branch.
Product Disclosure Statement
The information given is a guide only as to the cover we provide. Terms, fees and conditions do apply. From 1 February 2013, please obtain the Territory Landlord Insurance Product Disclosure Statement and Policy before deciding to acquire this insurance cover.
Prior to 1 Feb 2013, please obtain the please obtain the existing Territory Landlord Insurance Product Disclosure Statement and Policy