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Landlords Insurance
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Landlords Insurance
Protecting your investment property and income
How do you best protect a property you own, but don’t live in? Choosing the occupants carefully helps, but even with model tenants, there’s no guarantee they’ll take care of things to the standard you’d like.
As a landlord, you need to reduce your vulnerability to vandalism, malicious damage, and theft. Not to mention lost rental income, should your property become unlivable because of major damage.
You also need protection from those unlikely, but still possible, risks like fire, lightning and storm damage, falling trees and other unforeseen catastrophes.
With CMCU’s Landlord Cover, you have peace of mind that you’ll be covered if you property is damaged or destroyed by specific events as set out in the policy wording.
Competitive, convenient cover, back by QBE
Landlord Cover is one of a comprehensive range of insurance solutions CMCU offers through our association with QBE Insurance.
Founded in 1886, QBE is one of Australia’s leading insurers. It’s because of QBE’s experience, security and strength – as well as its prompt, efficient and friendly claims service that we’ve made it our insurance provider.
This partnership enables us to deliver CMCU members quality and value in insurance products, with the added convenience of having everything under the same roof.
Core Cover
Landlords insurance core defined events
- Fire
- Explosion
- Lightening or thunderbolt
- Earthquake or tsunami
- Theft
- Vandalism
- Water or other liquid
- Collision
- Falling tree, branch or aerial
- Damage by animals
- Riot
- Storm, Rain or Flash Flood
- Accidental Glass Breakage
You’ll also be covered for a number of benefits and any optional extras that you select
Examples of benefits and optional extra’s
| Benefit | Cover |
|---|---|
|
Legal Liability |
$30 Million |
| Additional Benefits | Cover |
|
Burning out of electrical motors (fusion cover) |
✓ |
|
Cover for loss of rent should your tenants be unable to live in the home as a result of damage caused by a defined event
|
✓ |
|
Essential temporary repair’s |
✓ |
| Optional Benefits | Cover |
|
Cover for rent default |
Optional extra |
|
Cover for items such as carpets, curtains, blinds and light fittings |
Optional extra |
|
Cover for theft and/or vandalism by tenants |
Optional extra |
A range of ways to save
With CMCU, there are various ways to enjoy substantial discounts on your premium.
Security discounts The more secure your property is – through standard door locks and deadlocks, window locks, and either local or monitored alarms – the less you pay.
Household no claim bonus If you have not made a claim in the last 3 years, you will be rewarded with a discount of up to 30%
A choice of Excess Your excess is the initial amount you have to pay yourself if you make a claim, and we offer options of $100, $300 and $500. The higher the excess you choose, the lower the premium you’ll pay.
Easy to arrange, simple to claim
The convenience of having Landlord’s Insurance under the same roof as your financial services isn’t the only way we make life easier. From making your application to making a claim, CMCU ensures things are as straightforward as possible.
You can apply online, by phone, or at the branch. Flexible payment options include fortnightly, monthly or annual direct debit, and cash, cheque or credit card payments (excluding American Express).
If you do need to make a claim, we won’t make you wade through paperwork. QBE have a 24-hour emergency claims number, and in most cases, you need just provide details over the phone.
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Important Notes
Terms, conditions and acceptance criteria apply. Cover limits apply as set out in the policy wording. This material does not take into account your personal needs, objectives and financial circumstances and you should consider whether it is appropriate for you. Please read the Product Disclosure Statement available at all CMCU branches to decide if a product is right for you
Insurance issued by QBE Insurance (Australia) Limited ABN 78 003 191 035 AFS Licence 239545.
View the Product Disclosure Statement and Policy Wording