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. *Rent default is not available on new policies right now. If you already have an existing Landlord Insurance Policy, there is no change to your cover.
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.
CGU provides you with access to a range of value added customer services such as pay-by-the-fortnight premiums (at no additional cost) and a 24-hour Australia-wide Claims Hotline 13 24 80
Our insurance partner, CGU was named the 2018 General Insurer of the Year!