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What Is Landlord Insurance and Why Every Property Owner Needs It

 Expert Advice from Auswide Insurance Brokers

As a landlord, your property is more than just a piece of real estate—it's a valuable investment and a source of income. But just like any other asset, rental properties come with their own risks. From storm damage to tenant disputes, being a landlord is not without challenges. That’s where landlord insurance comes in—a specialised policy designed to protect your property and your financial wellbeing.

At Auswide Insurance Brokers, we’ve helped hundreds of Australian landlords secure the right cover to protect what matters most. In this article, we’ll walk you through what landlord insurance is, what it covers, and how to choose the best landlord insurance policy—with expert help from our trusted brokers.

What Is Landlord Insurance?

Landlord insurance is a specific type of insurance policy designed for property owners who rent out residential or commercial premises. Unlike standard home insurance, landlord insurance offers cover for risks associated with leasing a property, such as damage caused by tenants, loss of rental income, and legal liability.

Whether you’re renting out a single-family home, an apartment, or a commercial property, landlord insurance is a smart way to protect your investment against the unexpected.

At Auswide Insurance Brokers, we understand that every landlord’s situation is unique. That’s why we tailor each policy to match your property type, location, tenant profile, and income risk.



What Does Landlord Insurance Cover?

Landlord insurance can provide comprehensive protection depending on the level of cover you choose. Here are the core features and optional extras commonly available in a landlord insurance policy:

✅ Building Insurance

This covers the physical structure of your property—walls, roof, floors, fittings, and fixtures—against events like:

  • Fire and smoke damage

  • Storms, hail, and floods

  • Earthquakes

  • Vandalism or malicious damage

  • Accidental damage

✅ Contents Insurance (for furnished properties)

If you rent out a furnished unit or home, contents insurance covers items like:

  • Furniture

  • Appliances

  • Curtains, carpets, and blinds

It protects against theft, damage by tenants, and insured events like fire or flooding.

✅ Loss of Rental Income

If your property becomes uninhabitable due to an insured event (e.g., fire or storm damage), this cover helps compensate for lost rental income during repairs.

At Auswide Insurance Brokers, we help you choose the right terms so you’re not left out of pocket if your income is interrupted.

✅ Tenant-Related Damage

This includes:

  • Accidental damage by tenants or their guests

  • Malicious damage (e.g., vandalism or deliberate destruction)

  • Theft or burglary

Tenant behaviour is one of the most unpredictable factors in property management. That’s why this feature is critical for peace of mind.

✅ Legal Liability

This protects you if someone is injured on your property or if you’re found legally liable for property damage or personal injury. For example, if a tenant trips on a loose tile and sues you, legal liability insurance helps cover the legal and compensation costs.

✅ Optional Extras You Can Add

  • Rent default – if a tenant stops paying rent

  • Legal expenses – for tenancy disputes or eviction proceedings

  • Strata title cover – if your property is within a strata-managed building

  • Flood cover – if your area is flood-prone

Our experienced team at Auswide Insurance Brokers helps you understand which options suit your specific property and tenant situation.

Why Landlord Insurance Matters More Than Ever

With rising natural disasters, stricter rental laws, and increasing tenant expectations, landlords face more uncertainty than ever. Here's why landlord insurance isn’t just helpful—it’s essential:

  • Protects your income: Even a short vacancy due to damage can cost thousands in missed rent.

  • Safeguards your property: From accidental fires to malicious damage, repair costs can be devastating.

  • Mitigates legal risks: If someone sues you, your financial future is on the line.

  • Provides peace of mind: Knowing your investment is protected lets you focus on growth—not damage control.

What Is the Best Landlord Insurance?

The “best” landlord insurance is not about choosing a one-size-fits-all policy—it’s about finding coverage that matches your specific needs. Factors to consider include:

  • The location and risk profile of your property

  • Whether the property is furnished or unfurnished

  • Type of tenants (residential, commercial, short-term, etc.)

  • Rental income amount and frequency

  • Your budget and risk appetite

That’s where Auswide Insurance Brokers steps in.

We don’t just sell insurance—we partner with you to understand your property portfolio, goals, and risk tolerance. Then, we tailor a policy from our panel of leading Australian insurers to give you the coverage you need—nothing more, nothing less.



Why Choose Auswide Insurance Brokers?

At Auswide Insurance Brokers, we specialise in personal and business insurance across Australia, including landlord insurance for both residential and commercial properties. Here’s what makes us the go-to choice:

🔍 Expert Advice – We’re not here to sell a product—we’re here to protect your future.

💼 Tailored Solutions – Every property and landlord is unique. We customise your policy accordingly.

🇦🇺 Australian-Focused – We understand local risks, from QLD floods to tenant rights in NSW.

💬 Support When You Need It – Our team is here to assist during claims and policy reviews, not just at the time of sale.

📈 Long-Term Value – We help landlords avoid underinsurance and identify gaps that others might miss.

Ready to Protect Your Property the Right Way?

Don’t leave your rental property exposed to risk. With the right landlord insurance, you can feel confident that your investment is secure—no matter what happens.

Get in touch with Auswide Insurance Brokers today and let us help you find the best landlord insurance tailored to your property, tenants, and financial goals.

📞 Call us 1300 354 477 or visit 👉 www.auswideinsurance.com.au
 📩 Or request a quote through our easy online form

Your Property, Our Priority – Auswide Insurance Brokers
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