Policy Overview

Residential Landlord Insurance is designed to provide the necessary insurance protection with respect to tenanted individual strata title units and non-strata unit complexes.

Section 1 – Contents & Loss of Rent

As an owner of an individual strata title unit you are responsible for any loss or damage to the following contents within your unit:

• Paint on walls/wallpaper (NSW only)
• Carpet/carpet tiles
• Internal unit blinds/curtains
• Removable light fittings
• Dishwashers not permanently fixed
• Microwave ovens
• Refrigerators
• Washing machines
• Clothes dryers
• Mirrors
• Window air conditioners
• General furniture

Features of our policy include the following:

• Accidental damage or loss wording (as defined)
• Malicious damage caused by tenants
• Theft by tenants
• Intentional and deliberate damage by tenants
• Loss of rent as a result of property damage (e.g. fire) – up to 52 weeks
• Loss of rent due to undue departure of your tenant – up to $5,000
• Loss of rent due to default in payment by your tenant – up to $5,000
• Legal costs to recover monies owed to you – up to $1,000

Section 2 – Liability

Covers you for your legal liability in respect to personal injury or property damage claims arising from the ownership of your individual strata unit or non-strata unit complex.

As an owner of an individual strata unit you are responsible for injury or damage that occurs within your unit. Generally the Body Corporate is responsible for common areas only.

This overview is intended as only a brief summary of the features, benefits, and covers provided by the Strata Unit Underwriters Residential Landlord Insurance Policy. Each section of the policy is subject to exclusions, terms and conditions. For full details of the cover provided please refer to the Product Disclosure Statement & Policy Wording. Strata Unit Underwriters hold Australian Financial Services Licence Number 246719 and are authorised to provide Financial Product Advice and Deal in a Financial Product.