Insuring properties that you own but don’t live in can be a complicated business.
To make it simpler, Bank of us through our partnership with CGU, has a policy specifically designed to protect your investment property against incidents such as flood, loss or damage by a tenant or their visitors, including vandalism and malicious acts by tenants and theft or attempted theft.
Our Landlords Residential Property Insurance covers flats, units, apartments and houses that are leased or rented to tenants, with an optional replacement benefit for buildings.
You can broaden the scope of your cover by adding optional coverage such as loss of rent, loss of rent cover if the building is unlivable after an event, rent default and theft by a tenant including legal costs you may incur.
Our policy covers workers' compensation claims and also gives you the option to select $5 million, $10 million, $15 million or $20 million liability cover.
First Choice Home, Fundamentals Home, Motor Vehicle Insurance, Boat Insurance, Caravan Insurance, Travel Insurance, Essential Cover Loan Repayment Insurance and Landlords Insurance are issued by Insurance Australia Limited ABN 11 000 016 722 AFSL 227681 trading as CGU Insurance. In offering these products, Bank of us acts under its own Australian Financial Services Licence and under an agreement with the insurer, CGU.
This is general information only and does not take into account your individual objectives, financial situation or needs (‘your personal circumstances’). In arranging this insurance Bank of us acts as an intermediary for CGU, not as your agent. Bank of us does not guarantee any claim or benefit payable under the insurance policy. We receive commission on insurance products details can be found in our Financial Services Guide (FSG). Before making decisions about any of these insurance products you should consider the appropriateness of the information having regard to your circumstances and the applicable Product Disclosure Statement (PDS), which is available at any Bank of us branch or by calling 1300 306 716.