Protection for landlords of Residential Strata units

As a unit owner it is in your best interest to ensure your valuable investment is covered for items that are not covered by your Strata insurance.

Landlord’s Unit Contents

Covers the landlords of residential units against the following incidents: –

  • Malicious Damage by tenants
  • Accidental Damage
  • Landlord Liability ($20,000,000 limit)
  • Theft by tenants
  • Rent Default
  • Loss of Rent
  • Basic contents items not covered under the building insurance (such as carpet, curtains, light fittings, air conditioners, etc).
  • Contents for the exclusive use by the tenant

Please note there are three options available (see below)

Option A

This option includes cover up to your required sum insured for Fire & Extraneous Perils with a $300 excess.

This option also includes cover for Malicious Damage, Theft by Tenants and Accidental Damage for loss or
damage up to $20,000 per unit, per claim with a $300 excess for this section.

Sum Insured
Annual Premium
$20,000 $206.36
$25,000 $224.35
$30,000 $242.33
$35,000 $257.92
$40,000 $269.91

Annual Premium is inclusive of all charges. All prices include GST.

Option B

This option includes cover for Rent Default and has the following provisions.

  • A signed lease Agreement must be in place
  • Maximum $500 per week
  • Maximum 8 weeks any one claim
  • Minimum 7 days claim
  • Four weeks bond must be held
  • Add $96.94 to the Option A cover if this is required

Excess of $400 applies to all claims.

Option C

This options includes cover for Loss of Rent and has the following provisions.

  • The Sum Insured must be based on your annual rental income.
  • Premium for this option is $23.98 per $10,000 Sum Insured.
  • Option C must be in conjunction with at least Option A.

Calculate your Sums Insured based on your annual rental income and use the following example as guide to work out your total premium payable.


Contents Sum Insured (Option A) = $20,000 = $200.37 premium
Annual Rental Income = $30,000 (Option C)
Option C: $23.98 x 3 = $71.94 PLUS Option A: $200.37 = Total Policy cost = $272.31

Rates apply to QLD only with the exception of Far North QLD, which attracts a 20% surcharge to the total Premium.

If you would like to know further details about the cover available, please contact your location.

Prior to obtaining a quotation, please note the following: –

Your Duty of Disclosure

Before you enter into a Contract of general insurance with an Insurer, you have a duty under the Insurance Contracts Act 1984 to disclose to the Insurer every matter that you know, or could reasonably expect to know, is relevant to the Insurer’s decision whether to accept the risk of Insurance and if so, on what terms. You have the same duty to disclose those matters to the Insurer before you renew, extend, vary or reinstate a Contract of general insurance. Your duty however does not require disclosure of matter.

  • that diminishes the risk to be undertaken by the Insurer- that is common knowledge
  • that your Insurer knows or, in the ordinary course of business, ought to know
  • as to which the compliance with your duty is waived by the Insurer


If you fail to comply with your duty of disclosure, the Insurer may be entitled to reduce the liability under the Contract in respect of a claim or may cancel the Contract. If your non-disclosure is fraudulent, the Insurer may also have the option of avoiding the Contract from its beginning.

Click here to download a copy of the Landlords Policy document and PDS.

Click here for a Landlord’s quote for Queensland or contact your local BCB office for advice and further information.