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.
Landlord Insurance
Know your property is covered against a range of devastating events, including extreme weather, malicious tenant damage and loss of rent.
Current offer
Save10%
First Year Online Discount*
24/7 claims
Claim at any time online, through the GIO App or over the phone. You can also track the progress of your claim online.
Guarantee on work we authorise
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
Examples of what’s not covered
This is not an exhaustive list. Limits, conditions and exclusions apply. For more detail, please refer to the PDS.
Get 10% Off Your First Year When You Buy Online!*
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.
WAYS TO SAVE
Discounts we offer and things to check
Showing of
10% multi-policy discount*^
You'll 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. View T&Cs.
15% Home and Contents combined discount^
Save 15% on your policy when you combine your home insurance and your contents insurance into one policy with us.
10% online discount*
Get 10% Off Your First Year When You Buy Online!*
Your excess
You can choose to lower your premium by increasing your excess within a range we set. This means your premium will be cheaper, but you’ll face higher out-of-pocket costs in the event of a claim. It’s up to you to decide on a balance that suits your needs.
Payment frequency
If you pay your premiums annually, you’ll pay less than if you were to pay in monthly instalments for the same period.
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.
Frequently asked questions
Safety net home protection – included in GIO Classic Extras and GIO Platinum home covers – provides a further percentage of the home sum insured toward the cost of repairing or rebuilding your home if the costs exceed your sum insured.
If your claim is covered we will pay up to a further percentage of the home sum insured towards either:
- repair or rebuild of the home by our builder, when our builder is repairing or rebuilding
- the amount of our builder’s assessed quote to repair or rebuild the home, when your claim is being settled on this basis
- the amount of your builder’s assessed quote, when your claim is being settled on this basis.
See PDS for full details.
No, GIO Landlord Insurance does not cover loss or damage caused by insects, vermin, or rodents – including termites. However, we’ll cover damage they cause if covered by insured events ‘Fire (including bushfire)’ or ‘Escape of liquid’.
If you’d like more information, please refer to the Landlord PDS.
GIO Landlord Insurance includes cover for tenant default. This can cover you in the following scenarios:
- Your tenant stops paying rent but doesn’t leave the property. You’ll receive the weekly rental amount, up to $10,000, for up to 4 or 14 weeks depending on the type of rental agreement.
- Your tenant stops paying rent and permanently leaves the property. You’ll receive the weekly rental amount, up to $10,000, for up to 4 or 14 weeks depending on the type of rental agreement.
- Your sole tenant passes away. You’ll receive the weekly rental amount for four weeks.
- Your tenancy agreement is terminated by a tribunal order on the grounds of hardship on the part of the tenant. You’ll receive the weekly rental amount for up to 4 weeks.
Limits, conditions and exclusions apply. Please refer to the PDS for more detail.
To determine your sum insured — that is, the amount listed on your policy as the maximum we’ll pay to repair or rebuild it in the event of a claim — you should estimate how much your property would cost to rebuild from scratch. Take into account things like the quality of materials and fixtures.
GIO’s Building Calculator can help.
In the know
More about Landlord Insurance
Showing 3 of 4 articles
Showing 2 of 4 articles
Showing 1 of 4 articles
Landlord Insurance: How does it compare with Home Insurance and what if your tenants start to default? A must-read for landlords and property investors.
Learn how to calculate your home and contents replacement costs and what you can do to avoid underinsurance.
There’s lots to think about when leaving a rental property. This guide could help you stay on top of things.
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 - property
If the property can't be lived in after an insured event, we'll pay the weekly rental amount for the time it should take to repair or rebuild the property so it can be lived in again. For up to 52 weeks and up to 10% of your property sum insured (the amount you insured your property for).
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
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.
