AAMI Landlord Insurance Policy

What we cover - additional benefits

When your landlord building is insured

Accidental breakage

We will either replace or pay the reasonable cost of replacing the following when they are accidentally broken:

any area of glass(including glass tint, if fitted) fixed to your landlord building,

glass (but not light globes) in a fixed light fitting in your landlord building,

fixed basins, sinks, baths, shower bases, lavatory pans or cisterns in your landlord building.

We will also repair or replace or pay the cost of repairing or replacing the
frame of any window, door or shower screen but only if this is necessary to
enable the glass to be replaced.

We will not replace or pay for:

any glass in a glasshouse or conservatory,

any part of a fixed cooking or heating appliance (for example, the glass top of a stove is not covered),

any area of glass or item which is already damaged or in an imperfect condition.

We pay for loss of rent

We will pay for the loss of rent incurred by you while your landlord building is being rebuilt or repaired if:

your landlord building has been damaged or lost by an insured event, and

we agree your landlord building is no longer habitable, and

your tenant was paying rent due under a current rental agreement with you for at least four consecutive weeks preceding the date the damage or loss occurred.

We also pay loss of rent if:

we agree that access to your landlord building is prevented by accidental damage or loss to other property near your landlord building, and

your tenant was paying rent due under a current rental agreement with you for at least four consecutive weeks preceding the date the damage or loss occurred.

Our payment will be actual loss of rent incurred by you during the reasonable period up to 12 months required to repair or rebuild your landlord building or to restore access to your landlord building and it is otherwise habitable.

Damage to electric motors

We will pay the full cost of damage caused by electric current to an electric motor if the motor is less than 10 years old, and:

the motor is in a piece of fixed domestic equipment forming part of your landlord building.

We will not pay if the damage to the motor or the equipment is covered by a new product guarantee or warranty.

We help to locate water leaks

We will pay the reasonable cost of locating the source of water or liquid leaking or discharging from pipes and fixtures and fittings at your landlord building.

We will not pay the cost of repairing or replacing the pipe, fixture or fitting which caused the leak or discharge.

The most we will pay is shown on the most recent of your policy schedule and
renewal notice.

We help replace locks

When the key to the lock of any window or external door of your landlord building is stolen, we will pay the reasonable cost of replacing or rekeying the locks operated by that key.

When your landlord contents are insured together with your landlord building

Any payment we make under the following benefits will be additional to the landlord contents amount covered and will include GST.

Accidental breakage

We will either replace or pay the reasonable cost of replacing, when it is accidentally broken:

any area of glass forming part of your landlord contents (including table tops, wall mirrors and free-standing lights).

We will not replace or pay for:

any accidental breakage which has occurred while the item is outside your landlord building,

any area of glass or item which is already damaged or in an imperfect condition,

the picture tube or screen of any computer, television set or other type of visual display unit,

any glass in a picture or photo frame, clock, radio, stereo or CD, video or DVD player,

glass vases, ornaments or light globes.

Damage to electric motors

We will pay the full cost of damage caused by electric current to an electric motor if the motor is less than 10 years old, and:

the motor is in a domestic appliance which forms part of your landlord contents.

We will not pay if the damage to the motor or the equipment is covered by a new product guarantee or warranty.