No. Home and contents insurance is generally designed for owner-occupiers who live in the property.
Landlord insurance is designed for property owners who rent out their residential investment property. It can cover rental-related risks such as landlord contents, loss of rent, certain tenant-related damage and legal liability, depending on the cover selected.
- Damage to the physical building or any other property ordinarily covered under a strata insurance policy.
- Damage where the lot has not been maintained to a reasonable standard.
- Contents items that are not owned by the lot owner and available for tenant use.
(see PDS for full list of exclusions)
Loss of rent cover may apply if your rental property becomes unliveable due to loss or damage caused by an insured event and a claim has been accepted.
For building cover, loss of rent may apply where the building is insured under the policy.
For contents-only cover, loss of rent is only available where you are a strata lot owner with contents cover only.
Rent Default by Tenant is different and is only available as an optional cover for eligible formal lease arrangements.
CHU Landlord Insurance may provide cover for eligible casual lets, including properties rented to paying guests through short-term rental platforms (such as AirBNB or Stayz).
However, not all short-term accommodation arrangements are eligible. CHU Landlord Insurance is not designed for properties that are used as hotels, motels, resorts, inns, commercially operated serviced apartments or similar accommodation. This means cover is not available where your unit or property is managed or used as part of a commercial accommodation arrangement.
For eligible casual lets, loss of rent may apply where the rental property becomes unliveable due to an insured event and a claim has been accepted. Cover is subject to the policy terms, conditions, limits and exclusions.
Rent Default by Tenant is not available for casual lets.
Landlord Insurance is designed for property investors who rent out strata units, apartments, or homes within a community association to tenants. It protects you and your investment property from any damage to contents from insured events such as fire, flood or storms. It covers items such as carpets, light fittings and fixtures as well as loss of rent if the property is unfit to be occupied. Additionally, it covers you and your investment property from malicious tenants who might vandalise your property or leave without paying the rent.
Legal liability refers to your responsibility for injury or damage to others or their property. Contents Insurance covers legal liability by providing financial protection if you are found liable for personal injury or damage caused by you or your belongings, covering legal costs and compensation.
When you add our Portable Contents option, your items are protected anywhere in Australia or New Zealand, and for up to 90 consecutive days anywhere else in the world.
Always read our PDS to understand what contents items are covered. High-risk items may need to be specified to be adequately covered.
To determine the value of your possessions for Contents Insurance, create a detailed inventory of all your belongings, including descriptions, purchase dates and costs. For more accurate valuations, consider getting appraisals for high-value items like jewellery, art or collectibles. Update this inventory regularly and adjust your insurance coverage as necessary.
You can also use a contents insurance calculator to get a general idea of the cost to replace your items with new ones. While this tool provides a helpful estimate, it’s important to ensure the figure reflects the true replacement value. Selecting the right ‘contents sum insured’ is key to avoiding underinsurance. The calculator uses basic information to generate an estimate, which you can customise. If you’re unsure of the right amount to insure, consider seeking professional advice.
The amount of Contents Insurance you need depends on the total value of your personal possessions at their current replacement cost. It’s important to ensure that your policy covers the full value so that you can replace all of your belongings in case of a total loss.
To make this easier, we offer a contents calculator you can use to estimate the value of your belongings:
Regularly updating your inventory and valuation helps maintain adequate coverage.
Specified contents are items that you request to have listed on your policy and, if we agree to insure the item, have a value that exceeds the standard policy limit. Specified portable contents are portable items insured at and away from your home address. When you choose this optional benefit, cover is provided up to the amount specified. Please call our customer service team for further information or click on the chat bubble at the bottom right of your screen to send us a Live Chat.
Yes. You can nominate which specific portable items you want covered under this option.