Landlord insurance, building cover, and rental income protection for Queensland property investors — structured around what actually happens when things go wrong with tenants.
These are the exposures that regularly catch Landlords & Residential Investors off guard — often because they weren't on anyone's radar until a claim was already underway.
Home and contents insurance is designed for owner-occupiers. The moment you rent a property out, you change its classification and most standard home policies either exclude the risk or respond very differently than you'd expect at claim time.
Bonds cover limited damage — but a tenant who deliberately damages or neglects a property can cause losses far exceeding what the bond recovers. Malicious damage coverage under a landlord policy fills this gap directly.
If a fire, storm, or flood makes your property uninhabitable for weeks or months, your rental income stops — but your mortgage doesn't. Rental loss cover pays your rental income while the property is being repaired.
As a property owner, you have a duty of care to anyone who enters the premises — including tenants, their visitors, and tradespeople. If someone is injured due to a defect you were responsible for, the liability claim flows to you personally.
Building replacement costs in Queensland have risen significantly. Many investment properties are insured at values set years ago — meaning a total loss from storm, fire, or flood could leave a material gap between the insurance payout and the actual rebuild cost.
For units and apartments, the body corporate policy covers the building structure — but it may not cover your fixtures, fittings, or liability as an individual owner. Understanding what the strata policy covers versus what you need personally is often misunderstood.
The insurance products most relevant for Landlords & Residential Investors — each placed through our panel of 20+ specialist insurers.
The core product for residential investors. Covers tenant damage (including malicious damage), loss of rent, legal liability as a property owner, and building damage from insured events.
Covers the physical structure against fire, storm, flood, impact damage, and other insured perils. We review the sum insured against current replacement costs at every renewal.
Pays your rental income for a defined period when the property is uninhabitable following an insured event — or when a tenant defaults on rent in specified circumstances.
Covers your legal liability as a property owner for injury or damage to third parties arising from the property — including visitors, contractors, and tenants.
Three reasons an independent broker delivers more for your premium than buying direct.
Queensland replacement costs have surged. We benchmark your building sum insured against current construction costs at each renewal — the difference between adequate cover and a shortfall at claim time.
Landlord insurance products vary significantly in what they cover for tenant damage, rent default, and malicious damage. We read the PDS, compare wordings, and place the policy that responds the way you expect when something actually happens.
As your portfolio grows, we manage the insurance programme rather than you juggling separate policies across different insurers. One renewal, one contact, consistent cover across all properties.
We had a tenant cause significant damage to our rental before vacating. The bond barely scratched the surface. Alvero managed the entire malicious damage claim — the payout covered the full remediation. That's when I understood why you don't just buy the cheapest policy.
Answers to the questions we hear most from Landlords & Residential Investors — no jargon, no spin.
No — or at best, not adequately. Home and contents policies are designed for owner-occupiers. Renting a property out changes the risk profile substantially. Most home policies either exclude the risk, or contain conditions that may void the policy if the property is tenanted. A dedicated landlord insurance product is specifically designed for the rental context.
You have a legal duty of care as a property owner. If a tenant or visitor is injured due to a hazard you were responsible for maintaining — a broken step, a faulty railing, a structural defect — the liability claim falls on you. Landlord liability coverage (typically $10M–$20M) covers your legal costs and any damages awarded.
Building insurance covers the physical structure against insured perils like fire, storm, and flood. Landlord insurance is a broader product that typically includes building cover plus tenant-specific risks: malicious damage, loss of rent, liability as a landlord, and sometimes contents (carpets, blinds, fixed appliances). The right combination depends on your property type and portfolio.
Most dedicated landlord policies include malicious damage by tenants as a covered peril, subject to limits and conditions — including whether the property was managed through a licensed property manager and whether adequate documentation was maintained. We review these conditions when placing your policy so the cover is there when you need it.
Not necessarily. We can structure portfolio policies that cover multiple properties under a single policy with a consolidated renewal. This is often more cost-efficient and easier to manage than separate policies. As your portfolio grows, we review the structure to ensure each property is properly covered within the overall programme.
Tell us about your situation and a broker will come back to you within one business day — no jargon, no pressure, no obligation.
Or call us: 07 3155 2296