Landlord insurance

Repair or rebuilding of your rental property

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.

Contents cover of $10,000

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.

Loss of rent if your property is damaged

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.

Loss of rent if you have to evict tenants

If you have to evict tenants because they haven’t paid their rent, we’ll pay you up to 12 weeks’ rent.

Loss of rent if tenants vacate without notice

If your tenant leaves your property without giving you the proper notice, we’ll pay you up to 6 weeks rent.

Intentional damage or theft by tenants

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.

Up to $1,000,000 of legal liability

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.

More about our Landlord insurance

Payment legally stopped

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.

Landlord obligations

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:

• Taking reasonable care in selecting tenants
• Keeping written records of pre-tenancy checks
• Collecting rent in advance and bond
• Completing 3 monthly internal and external inspections
• Keeping photographs and written records of inspections
• Monitor rents on a weekly basis

For more information on Landlord obligations, see the Landlord policy wording.

Download a copy of our Landlord insurance policy

Download a copy of our Landlord insurance policy.

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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).

The Residential Tenancies Act 1986 has changed. Stay in the loop.

There's been a law change that makes tenants responsible for careless damage. As part of this change, you need to share some of your insurance info with your tenants.
Get up to speed here