Landlord and Short Stay Insurance
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Winner of DBM’s Most Recommended General Insurer award -
Cover can start immediately with 21 days to pay -
Pay monthly at no extra cost -
Multi-policy holder discount
RAA Landlord and Short Stay Insurance
RAA Landlord and Short Stay Insurance protects your hard-earned investment against loss or damage caused by tenants or guests. If the unexpected happens, you can rest easy knowing you’re in good hands
Plus, your policy comes with RAA membership, giving you access to a whole world of benefits and savings.
Summary of rental property benefits
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1Rental Property Benefits
Accidental loss or damage caused by a tenant
Accidental loss or damage to your insured property caused by a tenant or guest of a tenant, excluding where the loss is as a result of their neglect or any domestic pet visiting or kept at the property.fa-checkfa-check -
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Domestic pet damage
Loss or damage to your insured property caused by a domestic cat or dog owned by a tenant and shown on the Lease Agreement, capped at $3,000 for all claims (less any deposit or bond you are entitled to).fa-checkfa-check -
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Loss of rent (tenant default)
Your loss of rent if, after taking all steps legally available to you: your tenant leaves the rental property before the end of their rental term without the required notice; your tenant stops paying rent owed; your tenant is legally evicted from the rental property prior to the end of the term of lease; or, your tenant is the sole tenant and dies unexpectedly before the end of the lease term. Cover is capped at 20 weeks’ rent, or less if the property is re-let or the lease expires within that period.fa-checkfa-times -
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Loss of rent (tenant hardship)
Your loss of rent if your tenant is granted a release from their lease agreement by a residential tenancies tribunal or another relevant authority on the grounds of hardship. Cover is capped at 6 weeks’ rent, or less if the property is re-let or the lease expires within that period.fa-checkfa-times -
Loss of rent (prevention of access)
Loss of up to 20 weeks' rent (which would have otherwise been payable) while your tenant's access is restricted to the rental property due to loss or damage at a neighbouring property not as a result of an insured event.fa-checkfa-check -
Replacement of locks and keys (Tenant default)
We’ll cover your out of pocket costs of up to $500 (less any deposit or bond you're entitled to) for re-barrelling and/or replacing house locks, keys or changing the house key codes, if we've agreed to pay your claim for loss of rent (tenant default), and the tenant hasn't returned their keys.fa-checkfa-times -
Tribunal fees and representation costs
We’ll cover fees incurred as a result of evicting or recouping rent in a tribunal setting charged by your property manager under your property management agreement, or by the tribunal, up to $500 (less any deposit or bond you're entitled to).fa-checkfa-times -
Burglary or theft by tenant or guest
Loss or damage to insured property as a result of burglary, theft or attempted theft by a tenant or a guest of a tenant. Cover for loss or damage is capped at 10% of the sum insured for all claims. Limitations apply for the first 48 hours of your policy.fa-checkfa-check -
Un-tenantable rental property benefit
We’ll cover your loss of rent, that would've otherwise been payable, for a maximum of 52 weeks if the rental property becomes unfit to live in as a result of an insured event, and we've agreed to pay for that loss or damage, or if an insured event causes loss or damage to a neighbouring property and access to the rental property is prevented. The amount of rent is determined differently between Landlord (Permanent Rental) and Short Stay (Holiday) Rental.fa-checkfa-check
Summary of rental property benefits
Use the drop-down menus to compare options
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1Rental Property Benefits
Accidental loss or damage caused by a tenant
Accidental loss or damage to your insured property caused by a tenant or guest of a tenant, excluding where the loss is as a result of their neglect or any domestic pet visiting or kept at the property.fa-checkfa-check -
1
Domestic pet damage
Loss or damage to your insured property caused by a domestic cat or dog owned by a tenant and shown on the Lease Agreement, capped at $3,000 for all claims (less any deposit or bond you are entitled to).fa-checkfa-check -
1
Loss of rent (tenant default)
Your loss of rent if, after taking all steps legally available to you: your tenant leaves the rental property before the end of their rental term without the required notice; your tenant stops paying rent owed; your tenant is legally evicted from the rental property prior to the end of the term of lease; or, your tenant is the sole tenant and dies unexpectedly before the end of the lease term. Cover is capped at 20 weeks’ rent, or less if the property is re-let or the lease expires within that period.fa-checkfa-times -
1
Loss of rent (tenant hardship)
Your loss of rent if your tenant is granted a release from their lease agreement by a residential tenancies tribunal or another relevant authority on the grounds of hardship. Cover is capped at 6 weeks’ rent, or less if the property is re-let or the lease expires within that period.fa-checkfa-times -
Loss of rent (prevention of access)
Loss of up to 20 weeks' rent (which would have otherwise been payable) while your tenant's access is restricted to the rental property due to loss or damage at a neighbouring property not as a result of an insured event.fa-checkfa-check -
Replacement of locks and keys (Tenant default)
We’ll cover your out of pocket costs of up to $500 (less any deposit or bond you're entitled to) for re-barrelling and/or replacing house locks, keys or changing the house key codes, if we've agreed to pay your claim for loss of rent (tenant default), and the tenant hasn't returned their keys.fa-checkfa-times -
Tribunal fees and representation costs
We’ll cover fees incurred as a result of evicting or recouping rent in a tribunal setting charged by your property manager under your property management agreement, or by the tribunal, up to $500 (less any deposit or bond you're entitled to).fa-checkfa-times -
Burglary or theft by tenant or guest
Loss or damage to insured property as a result of burglary, theft or attempted theft by a tenant or a guest of a tenant. Cover for loss or damage is capped at 10% of the sum insured for all claims. Limitations apply for the first 48 hours of your policy.fa-checkfa-check -
Un-tenantable rental property benefit
We’ll cover your loss of rent, that would've otherwise been payable, for a maximum of 52 weeks if the rental property becomes unfit to live in as a result of an insured event, and we've agreed to pay for that loss or damage, or if an insured event causes loss or damage to a neighbouring property and access to the rental property is prevented. The amount of rent is determined differently between Landlord (Permanent Rental) and Short Stay (Holiday) Rental.fa-checkfa-check
Why choose RAA?
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10% multi-policy discount
We give you a 10% discount on each policy when you hold three or more insurance policies with RAA (excluding Travel Insurance) in the same name. Discounts do not apply to optional benefits or statutory charges. A minimum premium applies. Discounts to your existing insurance policies will be applied at the next renewal of each policy. -
Member benefits and savings
If you're not already an RAA member, taking out an RAA insurance policy will automatically make you a member, giving you access to some amazing benefits and discounts. -
We're SA local
We’re based right here in SA, so you’ll always deal with a local. We’re proud of our commitment to do more for South Australians.
Summary of Insured Events
With options to cover the building only, rental furnishings only, or building and rental furnishings on your permanent or short stay rental property.
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Malicious damage and intentional damage
Loss or damage to insured property as a result of malicious damage and intentional damage caused by vandals, a tenant or a guest of a tenant.Loss or damage up to 10% of the sum insured -
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Fire, including bushfire
We'll cover loss or damage to the insured property due to fire or smoke, including a bushfire. Limitations apply to cover for bushfire for the first 48 hours of your policy.Cover loss or damage -
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Burglary or theft by someone other than the tenant or guest
Loss or damage to insured property as a result of burglary, theft or attempted theft by someone other than the tenant or a guest of a tenant that involves violent and forcible entry. Limitations apply for the first 48 hours of your policy.Cover loss or damage -
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Flood
We'll cover you for loss or damage as a result of a flood. Limitations apply to cover for flood for the first 72 hours of your policy.Cover loss or damage -
Storm and rainwater runoff
We'll cover you for loss or damage as a result of storm or rainwater runoff. Limitations apply to cover for storm and rainwater runoff for the first 48 hours of your policy.Cover loss or damage -
Lightning
Loss or damage to insured property as a result of lightning.Cover loss or damage -
Earthquake or tsunami
We'll cover you for loss or damage as a result of an earthquake or tsunami. Limitations apply to cover for earthquake or tsunami for the first 48 hours of your policy.Cover loss or damage -
Explosion
Loss or damage to insured property as a result of explosion.Cover loss or damage -
Bursting, leaking or overflowing
We'll cover you for loss or damage caused by incidents such as a burst water main, or an overflowing washing machine or dishwasher.Cover loss or damage -
Riot or civil commotion
Loss or damage to insured property as a result of riot or civil commotion.Cover loss or damage -
Impact
We'll cover you for loss or damage caused by incidents such as a fallen tree or vehicle impact.Cover loss or damage -
Damage by an animal
We’ll cover you for loss or damage caused by an animal excluding vermin, insects, birds and termites or where the animal entered, or is kept at, the property with your consent or the consent of a tenant or a guest of a tenant.Cover loss or damage
Summary of Insured Events
With options to cover the building only, rental furnishings only, or building and rental furnishings on your permanent or short stay rental property.
Use the drop-down menus to compare options
VS
-
1
Malicious damage and intentional damage
Loss or damage to insured property as a result of malicious damage and intentional damage caused by vandals, a tenant or a guest of a tenant.Loss or damage up to 10% of the sum insured -
1
Fire, including bushfire
We'll cover loss or damage to the insured property due to fire or smoke, including a bushfire. Limitations apply to cover for bushfire for the first 48 hours of your policy.Cover loss or damage -
1
Burglary or theft by someone other than the tenant or guest
Loss or damage to insured property as a result of burglary, theft or attempted theft by someone other than the tenant or a guest of a tenant that involves violent and forcible entry. Limitations apply for the first 48 hours of your policy.Cover loss or damage -
1
Flood
We'll cover you for loss or damage as a result of a flood. Limitations apply to cover for flood for the first 72 hours of your policy.Cover loss or damage -
Storm and rainwater runoff
We'll cover you for loss or damage as a result of storm or rainwater runoff. Limitations apply to cover for storm and rainwater runoff for the first 48 hours of your policy.Cover loss or damage -
Lightning
Loss or damage to insured property as a result of lightning.Cover loss or damage -
Earthquake or tsunami
We'll cover you for loss or damage as a result of an earthquake or tsunami. Limitations apply to cover for earthquake or tsunami for the first 48 hours of your policy.Cover loss or damage -
Explosion
Loss or damage to insured property as a result of explosion.Cover loss or damage -
Bursting, leaking or overflowing
We'll cover you for loss or damage caused by incidents such as a burst water main, or an overflowing washing machine or dishwasher.Cover loss or damage -
Riot or civil commotion
Loss or damage to insured property as a result of riot or civil commotion.Cover loss or damage -
Impact
We'll cover you for loss or damage caused by incidents such as a fallen tree or vehicle impact.Cover loss or damage -
Damage by an animal
We’ll cover you for loss or damage caused by an animal excluding vermin, insects, birds and termites or where the animal entered, or is kept at, the property with your consent or the consent of a tenant or a guest of a tenant.Cover loss or damage
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Things you should know
The information included in this website and in our brochures is a summary and is intended as a guide only. Each section should be read subject to the full terms, conditions and exclusions as set out in the Landlord and Short Stay Insurance Product Disclosure Statement (PDF, 616KB). Our Landlord and Short Stay Insurance Target Market Determination (PDF, 1.02MB) provides information about who this product is suitable for. RAA Insurance products are issued by RAA Insurance Limited, ABN 14 007 872 602, AFS Licence No. 232525.
Read our General Insurance Code of Practice and complaint resolution information.
For details on your rights and benefits as an RAA member, please refer to the Membership Terms and Conditions.