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Some insurers don’t offer cover for unpaid rent by tenants. But AAMI Does. Tenant Protection Optional Cover now available.
Our Landlord Insurance can help keep your investment property covered, inside and out, with our customisable range of insurance options. Manage your investment expenses by only paying for the cover you need. You’ll also save up to $50 when you buy a new policy online, and the AAMI Lucky Club® gives you access to discounts at a range of home and furniture retailers.
For landlords
For landlords
For landlords
On a shared block?
So if your rental property is on a shared block or shares walls with other properties, you may need Strata Insurance.
Work out the value of your contents using our calculator.
Eligible AAMI customers can enjoy great discounts at heaps of Aussie retailers, and unique experiences at a range of events. More about AAMI Lucky Club.
$20* Gold Grass tickets on sale now! *Online booking fees apply.
Enjoy great limited time offers on selected eGift Cards. Log in to everyday savings. T&Cs apply.
Win $10,000 with AAMI Lucky Club. Log in to enter. T&Cs apply.
Hit the road for less with discounted petrol
Save on your weekly shop with discounted eGift cards
Access to games & entertainment at home with AAMI Lucky Lounge Room
Get $5 off your car entry ticket
Save on home entertainment and appliances
Save on super cheap parts and accessories
Save on activewear
Save on fashion, beauty, homewares and more
Pre-sales and special offers for selected concerts and events
An exclusive Gold Class offer for Village & Event Cinemas
Pre-sales and exclusive benefits at events
Lucky Club eligibility
Customers with the following AAMI policies are eligible for AAMI Lucky Club via My Account or the AAMI App:
EASY CLAIMS PROCESS
If you ever need to claim, your dedicated Client Manager can organise every detail from beginning to end.
What's covered for Landlords
In Building & Contents, and Building Only Insurance
Also includes outbuildings like garages and sheds, and other permanent fixtures like fences, decks and solar panels.
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.
If your rented property is damaged by an insured event and we agree it cannot be lived in, we'll pay the weekly rental amount while it's being repaired or rebuilt, up to the lesser of 52 weeks or $25,000 if you have building cover.
If the motor in one of your fixed appliances at the rented property burns out and that appliance is less than 7 years old, we’ll help you take care of repair or replacement.
In Building & Contents, and Contents Only Insurance
If your stuff for the tenant’s use at the rented property is lost or damaged in an insured event, such as a storm, fire or burglary, we’ll ensure they’re quickly repaired or replaced or we’ll pay you what it would cost us to do so.
If you need to replace an item, we’ll cover the cost of a new one, regardless of age. We’ll replace it with the same type, standard and specification – but not necessarily brand – as yours was when it was new. If your damaged item can’t be matched exactly, it will be replaced with something similar.
If some or all of your landlord contents escape damage from an insured event, but they can’t be kept at the rented property – say, if they’ll be exposed to the elements during repair work– we’ll cover the cost of storing them, up to 10% of your landlord contents sum insured.
The burning out or fusing of electric motors, in household equipment or appliances which are part of the landlord contents, and are less than 7 years old.
For buildings only
Our best protection against underinsurance. If your home is damaged or destroyed by an insured event, we’ll choose to repair, rebuild your rental property as it was or pay you what is would cost us to do so.
Extra cover to protect you against the costs of unpaid rent, theft or malicious damage by your tenant and their guests.
These are the things that you'll be able to make a claim for, if they cause loss or damage to your building or contents. Most of them have limits, conditions and exclusions, so make sure you check the policy documents so you know exactly what's covered.
Including water overflowing from things like lakes, rivers, or dams.
That's rain, wind, thunder, that sort of thing. FYI, storm damage is one of our most common claims, so this is a biggie.
Including power surges caused by lightning, will be covered providing a qualified repairer confirms lightning as the cause of loss or damage.
Fire means burning with flames. It includes heat, ash, soot and smoke damage to your home from a neighbouring building burning within 10 metres of the insured address.
These may not be likely, depending on where you live, but you'll be covered just in case.
This also includes attempted theft, if nothing is stolen but the attempt causes damage that needs repairing.
Good to know for those driveway cricket games. FYI, this covers things like fixed glass in windows, skylights, and permanently fixed mirrors.
This refers to liquid leaking, overflowing or bursting from things like appliances, fixed pipes, drains, and waterbeds
This refers to damage caused by impact from falling tree branches, power poles or TV antennas.
Not your pets, though. This refers to damage caused by animals (not insects, vermin or rodents) who aren’t supposed to be there.
We cover the loss or damage caused by an explosion but we don’t cover the cost of replacing or repairing the tank or container that exploded.
An example would be damage caused by a violent crowd moving down your street.
This includes things like vandals damaging your letterbox or tagging the building with graffiti.
In the first 72 hours of your policy we don’t insure you for bushfire, storm, flood or tsunami. Very limited exceptions apply.
Terms, conditions and exclusions apply, for full details read the PDS.
Jump online any time to make a claim, update your policy, check your policy docs and more.
Landlord Insurance
To make your life easier, you can make a number of changes to your home insurance policy online. Through your AAMI account, you can change the sum of contents you’re insured for, update the sum of your insured building, update the unspecified portable items included in your cover, and more.
Simply log in, click on the ‘My policy list’ link, and select the relevant policy you want to update. From the ‘Update my policy’ tab, you’ll find several options for making changes. Unfortunately, some things can’t be altered online, including changing your cover type (for example, from Property Owner to Landlord), and changing the specified portables listed on your cover. For these things please contact us - we’ll be happy to help you out.
Thanks for continuing to choose AAMI for your home insurance needs! We’ve made it super easy to renew online, using your AAMI account. Simply log in, click on ‘My policy list’ and choose the policy you want to renew, and select the ‘Renew now’ button.
To avoid being underinsured, your home sum insured should reflect what it would cost to rebuild your house at today’s prices.
To help you estimate the rebuild cost of your home you can use the Building Calculator.
Please note that the calculator is intended as a guide only and not intended to be relied on for the purpose of making a decision in relation to purchasing our products. The calculator might include questions that you may not see in other calculators. These questions can affect the estimate that in calculated. Consider whether you need a professional valuation from an architect, builder or other valuation expert.
For more information refer to ‘About Your Sum Insured’ in the PDS.
If you have an existing AAMI Landlord Insurance policy and you purchased Tenant Protection as an optional extra, you may be covered for loss of rent. You must have taken all reasonable steps legally available to you to remedy non-payment and/or evict the tenant (if possible).
Limits and exclusions apply, so please check the Product Disclosure Statement.
HOME BUILDING CALCULATOR
Home Building Calculator
This calculator has some questions included that you may not find in other calculators, which will impact the estimate that is calculated.
This calculator can help you work out the estimated rebuild cost of your home to help you choose your sum insured.
AAMI Lucky Club® is made available by AAI Limited ABN 48 005 297 807 trading as AAMI ("AAMI") to customers of selected AAMI branded insurance policies.
Insurance is issued by AAI Limited ABN 48 005 297 807 trading as AAMI. Limits, conditions and exclusions apply. Read the Product Disclosure Statement before buying this insurance. This advice has been prepared without taking into account your particular objectives, financial situations or needs, so you should consider whether it is appropriate for you before acting on it.
Malicious damage
By ‘malicious’ we mean something done deliberately to harm your property.
For example, if your tenant smashes holes in the wall after they’ve been given an eviction notice, that’s considered malicious and is covered.
We don’t mean accidents, reckless or negligent acts, which aren’t covered. Examples of these are:
This is a just 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.
Home Building Calculator
This calculator has some questions included that you may not find in other calculators, which will impact the estimate that is calculated.
