What does landlord insurance cover in Australia?

A comprehensive policy covers building damage, malicious tenant damage, rent default, loss of rent due to an insured event, theft by tenants, and legal liability. Always read the PDS.

How much does landlord insurance cost in Australia?

Typically $1,200–$2,500 per year for a standard residential investment property. The premium is fully tax-deductible.

Landlord Insurance Australia: What It Covers and Why You Need It

Standard home and contents insurance does not cover rental activities. The moment you rent to a tenant, you need landlord-specific coverage. This guide explains what it covers, what it doesn’t, and what it costs.

Landlord Insurance Coverage

CoverageBasicComprehensive

Building damageYesYes

Malicious tenant damageSometimesYes

Rent defaultRarelyYes

Flood coverRarelyCheck PDS

Cost

Typically $1,200–$2,500/year depending on property value, location, and coverage. Fully tax-deductible. Comprehensive policies add rent default cover paying 6–15 weeks rent if a tenant abandons or is evicted.

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BrickByBrick

Property Investor & Writer — BrickByBrick

Independent property investor writing about what actually works — and what doesn't — in the Australian market. No commissions, no conflicts.

General Advice Warning: This article is general in nature and does not constitute personal financial advice. Please consult a licensed financial adviser before making investment decisions.