Bankstown City Credit Union - Landlords Insurance

Landlords Insurance

You deserve the right protection for your investment property and the belongings that you provide for your tenants. That is why Bankstown City Credit Union has selected Allianz Australia Insurance Ltd as its trusted insurance provider. With Allianz Landlord Insurance¹ we offer reliable, comprehensive cover ensuring that your property is in safe hands.

You have worked hard to establish your investment property and the regular income that it provides. So, in the unlikely event that something should go wrong, Allianz Landlord Insurance gives you the confidence that comes with the knowledge that your investment property is covered.

Key Features

Insured Events	Buildings	Content
Accidental breakage of glass	✔	✔
Earthquake	✔ $250 additional excess	✔ $250 additional excess
Explosion	✔	✔
Fire or smoke	✔	✔
Impact damage	✔	✔
Lightning or thunderbolt	✔	✔
Malicious acts	✔	✔
Riot or civil commotion	✔	✔
Storm, rainwater or run-off	✔	✔
Theft, burglary or house breaking & entering	✔	✔
Tsunami	$250 additional excess	$250 additional excess
Water or other liquid damage	✔	✔
Other benefits	Buildings	Content
Automatic indexation of sums insured	✔	✔
Contents in open air at the risk address	✘	✔ Up to 20
Continuation of cover when you are selling your buildings	✔	✘
Fusion of electrical motors	✔	✔
Landlord contents²	✔	✘
Legal liability - cover for injury to other people or their property	✔ Up to $10 million	✘
Mortgage discharge costs	✔ Up to $2,000	✘
Reinstatement of sum insured after a loss	✔	✘
Removal of debris, professional rebuilding fees and extra costs of complying with building regulations	✔	✘
Rental costs after an insured event	✔ Up to $500	✘
Replacement of locks or cylinders	✔ Up to $500	✔ Up to $500
Rainwater tanks and solar water heater	✔ Up to $5,000³	✔
Optional additional covers
Rent default & Theft by tenant Rent default Lesser of 15 weeks rent or $10,000 or until payment of rent recommences Departure of the tenant from the building without notice – lesser of 6 weeks rent or $10,000 or until rent payments recommence Death of a sole tenant – lesser of 6 weeks rent or $10,000, or until another tenant takes up residence in the building Tenant hardship – lesser of 6 weeks rent or $10,000, or until another tenant takes up residence in the building Theft by tenant Covered up to the buildings and/or contents sum insured
Strata title mortgage protection⁴
Landlord Workers’ Compensation⁵

Want to find out more ?

The above information is only a summary of the cover provided by the policy. We strongly recommend that you carefully read the Product Disclosure Statement for detailed information about our Landlord Insurance cover.

¹ These features are subject to terms, conditions and exclusions. Please refer to the relevant Product Disclosure Statement (PDS) for details of the cover provided for each feature.
² Restricted amount (up to $10,000) if only building cover is purchased.
³ This amount is after any applicable deductions under government and/or council rebate schemes.
⁴ This cover only applies if the building is part of a strata title development.
⁵ Landlord Workers’ Compensation is only available in ACT, TAS and WA.

* This Insurance is underwritten by Allianz Australia Insurance Limited (Allianz) ABN 15 000 122 850 AFSL No. 234708. Bankstown City Credit Union acts as an agent for Allianz not as your agent. It receives commission on these insurance products as a percentage of the premium paid for each policy ranging from 5–30%. Any advice here does not take into consideration your objectives, financial situation or needs, which you should consider before acting on recommendations. You should read and consider the Product Disclosure Statement before deciding whether to acquire any product mentioned.