Landlord Insurance

Know your property is covered against a range of devastating events, including extreme weather, malicious tenant damage and loss of rent.

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Claim at any time online, through the GIO App or over the phone. You can also track the progress of your claim online.

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GIO guarantees the quality of the workmanship for all authorised repairs if we have selected and directly authorised a supplier.

Est. in 1927

We’ve been a trusted insurer for over 95 years

The content on this page applies to policies started or renewed on or after 24 May 2025.

Overview

What is Landlord Insurance?

Landlord Insurance covers an investment property, its contents, or both, if an insured event causes loss or damage. Insured events include weather events like storm or fire, as well as things like malicious damage by tenants and loss of rent due to tenants defaulting.

What’s covered

  • Loss and damage caused by events like flood, storm and fire.
  • Theft, vandalism and malicious damage by tenants or guests.
  • Accidental glass breakage, including glass in windows, doors and skylights, as well as fixtures like mirrors (when you have Property cover).
  • Up to $20 million legal liability for injury or property damage to third parties.
  • New for old replacement.

Examples of what’s not covered

  • Loss of, or damage to, contents that belong to tenants.
  • General wear and tear.
  • Mould or mildew, unless it was directly caused by an insured event and there’s proof it wasn’t there before.

This is not an exhaustive list. Limits, conditions and exclusions apply. For more detail, please refer to the PDS.

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Product Disclosure Statement (PDS)

Landlord Property Insurance

Safety net protection

This provides a buffer if the cost of repairing or rebuilding exceeds the amount you insured your property for, for example due to an unexpected building price surge, up to a further 25% of the property sum insured. See PDS for details.

Loss of rent - contents in a unit

If the insured address is a unit which can't be lived in after loss or damage to your contents covered by your policy, we'll pay the weekly rental amount for the time it should take to repair or replace the contents so that the unit can be lived in again. For up to 52 weeks and up to 10% of your contents sum insured (the amount you insured your contents for).

Tenant default

This covers loss of rent if your tenant leaves the property without notice or stops paying the rent while in the property. It provides cover up to $10,000 for up to 14 weeks, if you have a written rental agreement on a fixed term basis, or 4 weeks if you have a written rental agreement on a periodic basis.

Covers the property and permanent fixtures and fittings.

Comes with Safety net protection, cover for loss of rent and cover for tenant default, up to $10,000.

Landlord Contents Insurance

Loss of rent - contents in a unit

If the insured address is a unit which can't be lived in after loss or damage to your contents covered by your policy, we'll pay the weekly rental amount for the time it should take to repair or replace the contents so that the unit can be lived in again. For up to 52 weeks and up to 10% of your contents sum insured (the amount you insured your contents for).

Tenant default

This covers loss of rent if your tenant leaves the property without notice or stops paying the rent while in the property. It provides cover up to $10,000 for up to 14 weeks, if you have a written rental agreement on a fixed term basis, or 4 weeks if you have a written rental agreement on a periodic basis.

Unit fittings

If your contents items are in a unit we cover household items that are permanently attached to the unit and your tenants use primarily for domestic purposes but excluding common property.

These may include:

  • Lino or vinyl flooring
  • Floating floors
  • Air conditioners for the sole use of the unit owner or occupier
  • Wall paint and paper.

For full details and for terms, limits and exclusions and the meaning of common property please refer to the PDS.

Covers the property's unfixed household goods and furnishings that are owned by the landlord, including carpets and internal blinds.

Is your property a unit? Contents Insurance also covers loss of rent, tenant default, and certain unit fittings.

Landlord Property & Contents Insurance

Includes all the features and benefits of Landlord Property Insurance and Landlord Contents Insurance in one bundle.

Combine them and receive a discount of up to 15%.

Get a quote

Optional cover

Feel better protected with our range of optional covers which can be added at any time.

Motor burnout

Covers electric motors in household equipment and appliances equal to or less than 10 years old when they burnout or fuse. This includes things like the motor in your fridge, air conditioning unit or swimming pool pump (depending on whether you have property or contents cover, or both).

Accidental damage at the property

This covers losing, breaking or damaging something by accident at your property, for example by dropping, knocking over or spilling something without intent.

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Discounts we offer and things to check

Building Calculator

Estimate the cost to rebuild

This calculator can help you work out the estimated rebuild cost of your building to help you choose your sum insured.

GIO Building Calculator

Frequently asked questions

In the know

More about Landlord Insurance

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Important information

*If you’re eligible for more than one discount, we apply them in a pre-set order to the discounted premium, before government taxes and charges.
^Discount not applicable to GIO Roadside Assist, GIO Home Assist or Excess-free Glass cover optional covers.

Looking for more detail? Information provided is general advice only and doesn't take into account your particular objectives, financial situation or needs, so you should consider whether it is appropriate for you before acting on it. Conditions, exclusions and limits apply. Read the Product Disclosure Statement before making a decision about this insurance. The Target Market Determination is also available.

Safety net protection

This provides a buffer if the cost of repairing or rebuilding exceeds the amount you insured your property for, for example due to an unexpected building price surge, up to a further 25% of the property sum insured. See PDS for details.

Loss of rent - contents in a unit

If the insured address is a unit which can't be lived in after loss or damage to your contents covered by your policy, we'll pay the weekly rental amount for the time it should take to repair or replace the contents so that the unit can be lived in again. For up to 52 weeks and up to 10% of your contents sum insured (the amount you insured your contents for).

Tenant default

This covers loss of rent if your tenant leaves the property without notice or stops paying the rent while in the property. It provides cover up to $10,000 for up to 14 weeks, if you have a written rental agreement on a fixed term basis, or 4 weeks if you have a written rental agreement on a periodic basis.

Unit fittings

If your contents items are in a unit we cover household items that are permanently attached to the unit and your tenants use primarily for domestic purposes but excluding common property.

These may include:

  • Lino or vinyl flooring
  • Floating floors
  • Air conditioners for the sole use of the unit owner or occupier
  • Wall paint and paper.

For full details and for terms, limits and exclusions and the meaning of common property please refer to the PDS.

Accidental damage at the property

This covers losing, breaking or damaging something by accident at your property, for example by dropping, knocking over or spilling something without intent.

Motor burnout

Covers electric motors in household equipment and appliances equal to or less than 10 years old when they burnout or fuse. This includes things like the motor in your fridge, air conditioning unit or swimming pool pump (depending on whether you have property or contents cover, or both).

10% multi-policy discount*^

You may be eligible for a 10% multi-policy discount if you hold three or more eligible policies with us. These include Home Building, Contents, Landlord, Car, Motorcycle, Caravan or Boat Insurance. A GIO NSW CTP Insurance policy or GIO ACT MAI Insurance policy will count as an eligible policy, but the premium for these policies cannot be discounted. Taxes and charges are not discounted. View T&Cs

Multi-Policy Discount

Save 10% First Year Online Discount*

Get 10% Off Your First Year When You Buy Online!*

Increase your excess

You’re in control of how much you pay or save when you buy or renew your insurance premium. With a range of excess options to choose from, the more you increase your excess the lower your premium will be.

Up to 15% Home and Contents combined discount^

Save up to 15% on your policy when you combine your home insurance and your contents insurance into one policy with us. Includes Landlord and Strata policies.