INSURE YOUR INVESTMENT PROPERTY AND ITS CONTENTS
If you have an investment property, you want to be confident you’ve taken all steps to help ensure it's covered should something go wrong.
That’s why we offer HCF Landlord Insurance. Cover your investment property and the contents you provide for your tenants’ use from loss or damage from insured events like theft, fire6, lightning and vandalism.
SAVE ON HCF LANDLORD INSURANCE
As an HCF member, you can also save 5%* when you quote and buy HCF Landlord Insurance online.
To take advantage of the offer:
- Log in to your account via the My Membership app or online member services.
- Head to the insurance section of the HCF Thank You page to find the link.
- Follow the link and the discount will be automatically applied.
WHY CHOOSE US
CONVENIENT
24/7 claims assistance. Plus, pay by the month at no extra cost5.
EXPERIENCED
We’ve partnered with Allianz – one of Australia’s most trusted home insurers – to bring you this cover.
FLEXIBLE
- Add cover options as needed to fit your property, circumstances and budget.
- Option to increase your excess which may reduce your premium4.
Discounts
- Up to 10% off your first year’s premium when you quote and buy online1,3.
- Up to 30% No Claim Bonus depending on your claims history2,3.
WHAT’S COVERED
HCF Landlord Insurance is designed for people renting their investment property out to tenants under a residential rental agreement. It covers:
Buildings
The physical structures and permanent fixtures that make up the property you’re responsible for maintaining – from the house itself, to the garage, fences and paved driveways. It even includes built-in domestic appliances like showers and baths, hot water systems and air-conditioners.
Contents
The belongings owned by you, provided for your tenants’ use, at the insured address. This includes your furniture and furnishings, carpet, loose floor coverings, curtains and internal blinds, appliances, and even your BBQ. So if any of the insured events happen during the period of insurance, we’ll arrange or pay to repair or replace your contents (up to your policy limits and sub-limits).
Some key events you’re covered for
- Fire6 and smoke
- Theft or burglary
- Water or other liquid damage
- Vandalism or malicious damage
- Lightning
This is a summary only. For the standard terms, conditions, limits and exclusions of cover, please read the Product Disclosure Statement (PDS) and any applicable supplementary PDS for details of terms, conditions, limits and exclusions that apply to these benefits, as well as the Landlord Building and Landlord Contents Key Fact Sheets before deciding to apply.
This cover isn’t suitable for the building or contents of the home you live in. See HCF Home and Contents Insurance.
BENEFITS SNAPSHOT
Cover for the unexpected
For out-of-the-ordinary but devastating events such as theft, fire6, lightning and vandalism.
Legal liability
Up to $20 million for payment of compensation relating to death, bodily injury or illness, and/or physical loss of or damage to property caused by an accident (or series of accidents) relating to a single cause at your insured investment property. If you have contents cover only, it doesn’t cover any legal liability you may incur as owner of the buildings unless the buildings are defined as a lot.
Landlord’s contents
We’ll arrange or pay for repair or replacement of contents you own and provide for your tenant’s use due to an insured event (up to your policy limits and sub-limits). If you have buildings cover only, we’ll pay up to the lesser of $10,000 or the remainder of the sum insured after payment of the buildings claim, for certain landlord’s contents under this additional benefit.
Rental costs after an insured event
If your buildings are damaged by an insured event and can’t be lived in by your tenant, or access to or use of the buildings is not possible for at least 7 days after an insured event, we’ll pay for your loss of rent on the buildings for up to 12 months if you have buildings cover or if your building is part of a strata title development and you have contents cover only.
Rebuilding and professional fees
Up to an additional $5,000 to help pay the reasonable costs of architects, engineers, surveyors and solicitors after total loss or damage.
Debris removal
For buildings, up to an additional 10% of your buildings sum insured for the removal of debris from the parts of your buildings damaged or destroyed by an insured event. For contents, up to an additional 10% of your contents sum insured for the removal of debris from your buildings if your contents are damaged by an insured event.
This is a limited summary of some of the benefits provided under HCF Landlord Insurance. For full details of the standard terms, conditions, limits and exclusions that apply please read the Product Disclosure Statement (PDS), any applicable supplementary PDS before making a decision to purchase the insurance. The Landlord Buildings and Landlord Contents Key Fact Sheets (KFS) also sets out some information about the cover.
OPTIONAL COVERS
You can apply to add optional covers for an even greater level of cover, including:
Landlord workers’ compensation cover for domestic work
Cover for the compensation amount you’re liable to pay if you employ a domestic worker (who is not part of a business you run or any other third-party contractor business not providing lawfully recognised domestic work, such as an electrician) and they’re injured while working for you at the insured address. This cover is only available in ACT, WA and Tas.
Rent default and theft by tenant
- Cover for loss of rent due to specified defaults by your tenant, up to $10,000 in total for all claims during the period of insurance.
- Cover for loss or damage to your insured buildings or contents caused by theft, burglary or housebreaking committed by your tenant or invitees of your tenant.
You can apply to add these options to your policy when you start or renew it (or during your period of insurance by calling us on 1300 657 046). If you’re not sure whether you have added these cover options, check your policy schedule.
Flood Cover: Please refer to Product Disclosure Statement (PDS) for more information.
This is a summary only. For full details of the standard terms, conditions, limits and exclusions that apply please read the Product Disclosure Statement (PDS), any applicable supplementary PDS before making a decision to purchase the insurance. The Landlord Buildings and Landlord Contents Key Fact Sheets (KFS) also sets out some information about the cover.
ESTIMATE YOUR REPLACEMENT VALUE
You can use the building and contents calculators to estimate their replacement value.
The replacement value of your building is not the same as the market value. You don’t need to include the value of the land when calculating the buildings’ replacement value as the purpose of buildings cover is to cover the cost of repairing or rebuilding your property.
While it’s up to you to decide the type and level of cover you want, remember that if you don’t have enough, you could end up having to pay for some of the costs yourself. On the other hand, you should also be careful not to over insure. Allianz will only pay up to the amount of your loss or the sum insured, whichever is lower (subject to the policy terms and conditions).
Note that these calculators can’t take into consideration all the specific details about your home and should therefore only be used as a guide.
HOW TO MAKE A LANDLORD INSURANCE CLAIM
First, do what you reasonably can to prevent further loss, damage or liability. Tell the police as soon as reasonably possible about any malicious damage, theft, attempted theft, burglary or loss of insured property.
Then head to the Allianz online claims portal or call the Allianz claims line 24/7 on 1300 555 030 and advise the Claims Consultant of what has happened. They’ll help you through the landlord insurance claims process.
To make sure you’re covered under this policy you should always contact Allianz for approval before you incur expenses you wish to claim as required under your policy terms and conditions. If you don’t, Allianz may only pay for expenses incurred to the amount Allianz would have authorised had you asked Allianz first.
IMPORTANT INFORMATION
The Hospitals Contribution Fund of Australia Ltd ABN 68 000 026 746 AFSL 241414 (HCF) arranges this insurance as agent for the insurer Allianz Australia Insurance Limited ABN 15 000 122 850 AFSL No 234708. We do not provide any advice based on any consideration of your objectives, financial situation or needs. Policy terms, conditions, limits and exclusions apply. Before making a decision, please consider the relevant Landlord Insurance Product Disclosure Statement (PDS), any applicable supplementary PDS, the Landlord Buildings or Landlord Contents Key Facts Sheets and the Financial Services Guide. The relevant Target Market Determination is available by calling 1300 657 046. If you purchase this insurance, we will receive a commission of up to 5% of the premium for each policy issued and renewed and we may also receive a share of up to 40% of the underwriting profit. Ask us for more details before we provide you with services.
- Online discount
When you both quote and buy a new Landlord insurance policy online a premium discount of up to 10% is applied to your first year’s premium. This discount is not applied to Landlord workers’ compensation (if available and selected), or upon renewal. Minimum premiums may apply. - No Claim Bonus
When you take out a new policy, we calculate your No Claim Bonus (NCB) based on your landlord insurance claims history. To qualify for the maximum No Claim Bonus of up to 30%, landlord insurance customers must have had no landlord insurance claims in the preceding 3 years. However, customers who have had claims may still qualify for a reduced No Claim Bonus. We won’t apply the full percentage of the No Claim Bonus if it results in you paying less than the minimum premium.
The No Claim Bonus isn’t applied to the flood component of the premium (if covered), or Landlord Workers’ Compensation (if available and selected). - Minimum premiums
Where discounts are applied, your premium is subject to rounding. If more than one discount applies, they’re applied in a predetermined order, so the later discounts apply to the amount already reduced by the earlier discounts instead of the total amount. Discounts do not apply to government taxes and charges.
Most discounts won’t apply below the minimum amount payable for the policy. - Option to change your excess
Not available with respect to any additional compulsory excess, or to any imposed excess applied to the policy. Any reduction in premium won’t be applied to government taxes and charges, any flood component of the premium (where covered), or to Landlord’s Workers Compensation (if available and selected) and the Theft by Tenant part of the optional cover Rent Default and Theft by Tenant (if selected). Minimum premiums may apply. - Instalment premiums
If you choose to pay your premium by instalments, you do not pay us any more than if you pay your premium in one lump sum annually. The premiums payable by instalments may be subject to minor adjustments (upwards or downwards) due to rounding. Note: Your financial institution may apply transaction fees to instalment payments. - 72 Hour exclusion period
We may not provide cover for any loss of or damage to your property caused by cyclone, flood, flood water combined with run-off and/or rainwater, grassfires and bushfires during the first 72 hours after you first purchase a policy or increase your cover under an existing policy. Refer to PDS for when exclusion periods apply.
* To access the link, log in to the My Membership app or online member services and go to the insurance section of the HCF Thank You page. The 5% discount applies automatically when you use the applicable link to quote and buy a new HCF Landlord Insurance policy online. The discount will be applied to standard premiums (including for optional covers except for Landlord Workers’ Compensation if available and selected) after all other eligible discounts, to the extent that any minimum premium is not reached (noting that if you are eligible for more than one discount, we apply each of them in a predetermined order to the premium as reduced by any prior applied discounts/entitlements). The discount does not apply to taxes and government charges. The discount will continue to apply automatically in the event the policy is renewed, while this offer continues. HCF reserves the right to change, remove or amend partners and offers without providing written notice. HCF Thank You terms and conditions apply.
