AAMI Strata Title Landlord Insurance Policy

What we cover

What we Cover

What we cover as the landlord fixtures and fittings

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When your lot or unit is part of a strata title or similar development, the buildings, structures and common property at the development generally are insurable by the body corporate or similar entity.

That insurance may also cover fixtures and fittings within your lot or unit and loss of rent. In circumstances where it doesn’t, AAMI provides the following cover.

When an event insured under AAMI Strata Title Landlord Insurance occurs during the period of cover, and:

it causes damage or loss to your landlord fixtures and fittings or loss of rent at your lot or unit, and

that damage or loss is not insurable by the body corporate for the strata title development at your insured address,

we cover your landlord fixtures and fittings and loss of rent as set out below.

Any payment we make will be within the amount covered and will include GST.

Protection for your landlord fixtures and fittings

We will pay to repair or replace loss or damage to your landlord fixtures and fittings, including fixed floor coverings, internal blinds and curtains, in your lot or unit that are not insurable by the body corporate.

We will pay up to the amount covered shown on the most recent of your policy schedule and your renewal notice.

We will not pay for loss or damage to landlord fixtures and fittings insurable by the body corporate for the strata title development at your insured address.

Protection for loss of rent

We will pay for the loss of rent incurred by you while your insured property is being repaired or replaced if:

it has been damaged or lost by an insured event, and

we agree your lot or unit is no longer habitable, and

your tenant was paying rent due under a current rental agreement 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 lot or unit is prevented by accidental damage or loss to other property near your lot or unit, and

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

We will pay for loss of rent at the weekly rental provided by the rental agreement:

for 13 weeks, or

until your insured property has been repaired or replaced, or access has been restored to your lot or unit and it is otherwise habitable,

whichever comes first.

We will not pay for loss of rent insurable by the body corporate for the strata title development at your insured address.