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Residential Investment

Building Insurance for Landlords

If you're a landlord renting out a residential property, make sure your building is well covered. Option to cover your furnishings too.

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SAVE $25

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We are currently unable to offer Tenant Protection Optional Cover on new Landlord Insurance policies until further notice.

LANDLORD BUILDING

$25 OFFnew policies when purchased online

Cover your residential investment property against fire, break-ins, flood, storm and more. Option to add Contents Insurance for furnished properties.

 

DISCOUNTS AVAILABLE

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Policy document downloads

Product Disclosure Statement (PDS)

Strata Title

Strata title commonly refers to units/flats, apartments or townhouses, with common areas such as stairways, foyers, roof-top gardens, lifts and even swimming pools shared by each owner. A body corporate, or strata or owners corporation, is set up to handle maintenance of common areas and insurance of the buildings.

Strata title can also refer to duplex and triplex houses that share, for example, only a driveway or garden area.

This is just a summary. For full details, check the PDS (Product Disclosure Statement). It's dry, we know, but it's essential reading.

  • Damage to or loss of your rented property's buildings, including garages, sheds and car ports

    Caused by fire, break-ins or weather events such as flood, storms, lightning, bushfires, earthquake, tsunamis – and even meteorites!


  • Damage to other people and their property

    Up to $20 million cover for your legal liability for an incident at your rental property connected to you owning the property.


  • Add cover for the contents owned by you, such as carpets, curtains, furniture and white goods. 

    Looking to cover contents in a tenanted property, including strata properties? You'll need Landlord Contents Insurance.

This is just a summary. For full details about what is and isn't covered, check the PDS (Product Disclosure Statement) It's dry, we know, but it's essential reading.

On A Shared BLOCK?

Strata Title

Strata title commonly refers to units/flats, apartments or townhouses, with common areas such as stairways, foyers, roof-top gardens, lifts and even swimming pools shared by each owner. A body corporate, or strata or owners corporation, is set up to handle maintenance of common areas and insurance of the buildings.

Strata title can also refer to duplex and triplex houses that share, for example, only a driveway or garden area.

This is just a summary. For full details, check the PDS (Product Disclosure Statement). It's dry, we know, but it's essential reading.

Landlord Insurance does not cover strata title buildings.

So if your rental property is on a shared block or shares walls with other properties, you may need Strata Insurance.

More about Strata Insurance

OPTIONAL EXTRAS FOR
AAMI Landlord Building Insurance

AAMI Complete Replacement Cover icon

Complete Replacement Cover

Our best protection against under insurance.

Rather than having a set sum insured for repairing or rebuilding your house, once your claim is approved, we'll choose to repair, rebuild your house as it was, or pay you what it would cost us to do so. An additional premium applies.

More about Complete Replacement

Tenant Protection

Currently unavailable

We are currently unable to offer Tenant Protection Optional Cover on new Landlord Insurance policies until further notice.

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

Currently unavailable

What AAMI Landlord Building Insurance covers

IF YOUR HOME IS
Damaged

IF YOUR HOME IS
Unrentable

Helping you get a better deal

Increase your excess

Sounds complex but it's very easy! With AAMI Flexi-Premiums®, you can choose to increase your excess, to lower your premium.

Pay annually

Pay in one go! If you pay your premium annually, you won’t pay as much as if you pay in monthly instalments.

Customer Rewards

We’d like to introduce you to AAMI Lucky Club, a place where our customers come to get access to amazing experiences.

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Frequently asked questions

Strata Title

Strata title commonly refers to units/flats, apartments or townhouses, with common areas such as stairways, foyers, roof-top gardens, lifts and even swimming pools shared by each owner. A body corporate, or strata or owners corporation, is set up to handle maintenance of common areas and insurance of the buildings.

Strata title can also refer to duplex and triplex houses that share, for example, only a driveway or garden area.

This is just a summary. For full details, check the PDS (Product Disclosure Statement). It's dry, we know, but it's essential reading.

Currently unavailable

We are currently unable to offer Tenant Protection Optional Cover on new Landlord Insurance policies until further notice.

Sum Insured (Landlord Building)

The amount you choose to insure your rental property for, which is the maximum we'll pay to repair or rebuild it in the event of an incident.

It's important that the amount accurately reflects the replacement value of your home building. We recommend seeking the services of an architect, builder or other qualified professional for an accurate estimate. There are also numerous free calculators on Australian websites to help you work it out.

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