Policy document downloads

Product Disclosure Statement (PDS)

landlordBuildingContents

For Landlords

Building & Contents

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What's covered?

• Repair or rebuild of your rented property
• Repair or replacement of your contents. e.g. carpets / rugs
• Loss of rent following an insured event
• Legal liability

Optional covers

+ Complete Replacement Cover

+ Tenant Protection

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home

For Landlords

Building Only

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FIRST YEAR ONLINE DISCOUNT More information about first year online discount

What's covered?

• Contents damage or loss
• Legal liability

Optional covers

+ Tenant Protection

Get a quote

Get more info

contents

For Landlords

Contents Only

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FIRST YEAR ONLINE DISCOUNT More information about first year online discount

What's covered?

• Contents damage or loss
• Legal liability

Optional covers

+ Tenant Protection

Get a quote

Get more info

strata

Strata

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Call 13 22 44

What's covered?

• Repair or Rebuild damaged parts to the building, unless cash settled
• Loss of Rent for unit owners following an insured event
• Legal Liability of up to $20 milllion
• Office Bearer’s Liability of $1 million

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Cover for damage to the building

Also includes outbuildings like garages and sheds, and other permanent fixtures like fences, decks and solar panels.

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Cover for third party liability

Up to $20 million legal liability can help you take care of legal and other costs if someone suffers injury, death or property damage at your rented property and you’re liable.

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Loss of rent following an insured event

If the rented property cannot be lived in or re-leased, we will pay the weekly rental amount for the time it should take to repair or rebuild the building so that it can be lived in again or re-leased, for up to 52 weeks and the most we will pay is $25,000 if you have building cover.

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Motor burnout cover

If the motor in one of your fixed appliances burns out or fuses and that motor is less than 7 years old, we'll help you take care of repair or replacement.

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Loss or damage to your contents

If loss or damage to your landlord contents is covered under your policy your contents may be replaced, repaired or we may pay you. We will aim to use a member of our supplier network to repair or replace damaged contents. Sometimes this is not always possible or practical and this will determine how your contents claim will be settled. Refer to your PDS for how we settle contents claims.

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New for old for your lost or damaged contents items

New for old means replace or repair:

• with new items or new materials
• regardless of age
• to the same type, standard, and specification (however, not brand) as when new (or if not reasonably available, similar type, standard and specification).

For a full definition of ‘new for old’ and for info on how we settle contents claims, refer to the PDS.

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Storage of undamaged contents

If some of your contents escape damage from an insured event, but they can't be kept at home – say, if they'll be exposed to the elements during repair work – we'll cover the reasonable cost to store them and packing, unpacking and transporting them to the temporary place of storage (and back again) until they can be kept at your home again. The most we’ll pay for any one incident is up to 10% of your contents sum insured.

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Motor burnout cover

If the electric motor in your household equipment or appliances, which is part of your landlord contents, burns out or fuses and that motor is less than 7 years old, we’ll help you take care of repair or replacement.

For Buildings Only

+ Complete Replacement Cover

Our best protection against underinsurance. If your building is damaged or destroyed by an insured event covered under your policy, we'll repair or rebuild your rental property as it was or pay the total amount of the assessed quote to repair or rebuild it – without you having to set a building sum insured.

More detail on coverage

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+ Tenant Protection

Extra cover to protect you against the costs of unpaid rent, theft or malicious damage by your tenant and their guests.

More detail on coverage

Insured Events listed above apply to AAMI Home Insurance products, excluding Fire & Theft Contents Insurance which is limited to loss or damage by Fire, Theft or Burglary. We don't insure you for bushfire, storm, storm surge, flood or tsunami for the first 72 hours of your policy. Very limited exceptions apply. Read the PDS for more detail.

flood

Flood

Including water overflowing from things like lakes, rivers, or dams.

storm

Storm

That's rain, wind, thunder, that sort of thing. FYI, storm damage is one of our most common claims, so this is a biggie.

storm

Storm surge

That's a rush of water pushed from the sea onto the land caused by very strong winds. It doesn't include actions or movements of the sea. The loss or damage caused by storm surge must happen at the same time as other insured damage caused by storm.

lightning

Lightning

Including power surges caused by lightning, will be covered providing a qualified repairer confirms lightning as the cause of loss or damage.

bushfire

Fire

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

tsunami

Earthquake & Tsunami

These may not be likely, depending on where you live, but you'll be covered just in case.

theft

Theft or burglary

This also includes attempted theft, if nothing is stolen but the attempt causes damage that needs repairing.

liquidDamage

Escape of liquid

This refers to sudden and unexpected loss or damage caused by liquid escaping from certain appliances, fixed pipes, drains, waterbeds and more.

alert

Impact

This refers to damage caused by impact from falling tree branches, power poles or TV antennas.

animalDamage

Damage by an animal

Not your pets, though. This refers to damage caused by animals (not insects, vermin or rodents) who aren’t supposed to be there.

explosion

Explosion

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

riotProtest

Riot, civil commotion or public disturbance

An example would be damage caused by a violent crowd moving down your street.

maliciousDamage

Malicious acts and vandalism

This includes things like vandals damaging your letterbox or tagging the building with graffiti.