If you have selected cover for your rental property and you have to repair or rebuild it because of sudden and accidental loss or damage, we’ll pay the cost of getting it back to a condition as near as possible to when it was new. This includes the cost of compliance (provided it was compliant with regulations before the damage), demolition and removal expenses, professional fees and up to $2,500 to restore the garden.
If the contents you own in your rental property are damaged, we’ll either pay to repair them or we’ll pay you what they were worth before the loss or damage happened. Normally this cover is limited to $10,000 but you can choose a higher level of cover.
If your rental property can’t be lived in because it’s suffered damage which is covered by your policy or by EQC, we’ll pay you up to 52 weeks’ rent.
If you have to evict tenants because they haven’t paid their rent, we’ll pay you up to 12 weeks’ rent.
If your tenant leaves your property without giving you the proper notice, we’ll pay you up to 6 weeks rent.
If your tenants or their guests intentionally damage or vandalise your property, we’ll pay you up to $10,000 to repair the damage. If you’ve selected to insure the home on this policy as well, we’ll pay up to $25,000 to repair the damage. An excess of $500 applies to each incident of damage.
We’ll cover your legal liability if you accidentally damage someone else’s property or injure somebody, anywhere in New Zealand, in connection with owning your rental property. Provided you check with us first, we may also cover your legal fees.
If your tenant legally stops paying rent under their tenancy agreement because they’re prevented from accessing the property or can’t use it due to accidental failure of public utilities, we’ll pay you up to 6 weeks’ rent.
For methamphetamine and loss of rent cover to apply, the landlord or an agent acting on behalf of the landlord need to meet certain qualifications, such as:
For more information on Landlord obligations, see the Landlord policy wording.
Download a copy of our Landlord insurance policy.
This information is
intended as a guide only.
There are exclusions and limits to the cover we provide. For the policy wording see our Landlord Insurance policy (PDF).