Landlord Preferred Policy Comparison

See our cover options side by side for a detailed comparison of what’s covered.

Please note that this table is a guide only, and lists the highlights of what we cover. For full details of what is covered under each policy, please refer to our policy booklet.

Landlord Preferred Policy Real Classic Real Premier Real Multi
Policy maximum rent per week
  • $1,000 per week
  • $2,000 per week
  • $500 per room per week to a maximum of $2,000
Uninhabitable rental property
  • Up to 52 weeks
  • Up to 52 weeks
  • Up to 52 weeks
Prevention of access
  • Up to 12 weeks
  • Up to 12 weeks
  • Up to 12 weeks
Tenant vacating/absconding without notice
  • Up to 8 weeks
  • Up to 8 weeks
  • Up to 8 weeks
Default by the tenant
  • up to 16 weeks
  • up to 16 weeks
  • up to 16 weeks
Failure to surrender vacant possession
  • Up to 20 weeks
  • Up to 20 weeks
X
Death of the sole occupant
  • Up to 12 weeks
  • Up to 12 weeks
  • Up to 12 weeks
Court awarding release from a fixed term lease
  • Up to 8 weeks
  • Up to 8 weeks
  • Up to 8 weeks
Loss of rents special benefit
Bailiff costs
  • $200
  • $300
  • $200
Change of locks
  • $300
  • $500
  • $300
Removal of rubbish
  • $200
  • $300
  • $200
Property management company – Tribunal charge
  • $150
  • $300
  • $150
Landlord’s contents
Accidental loss and intentional damage
  • $25,000
  • $50,000
  • $25,000
Landlord’s contents special benefits
Methamphetamine contamination* X
  • $15,000
X
Landlord’s contents in the open air
  • $500
  • $500
  • $500
Natural disaster
Floor coverings
  • $3,000 each event up to $6,000
  • $5,000 each event up to $10,000
  • $3,000 each event up to $6,000
Pet damage
  • $2,000
  • $4,000
X
Damage to your rental property (limited cover)
Intentional damage
  • $25,000
  • $25,000
  • $25,000
Methamphetamine contamination* X
  • $15,000
X
Body Corporate loss or damage – apartment owners only
  • $1,000 each event up to $2,000
  • $2,000 each event up to $4,000
X
Landlord’s liability
Property of others
  • $2,000,000
  • $2,000,000
  • $2,000,000
Accidental death or bodily injury of others
  • $1,000,000
  • $1,000,000
  • $1,000,000
Health and Safety at Work Act
  • $100,000
  • $100,000
  • $100,000

 

*We will pay up to a maximum of $15,000 under all sections of Real Landlord Preferred Premier and the combined maximum amount we’ll pay under all policies underwritten by us is limited to $30,000.

We are not able to assist you.

Your property must be managed by an Approved Property Management Company who will undertake the necessary and lawful steps to manage the property efficiently, thus minimising the risks involved in Residential Property Investment.

With their knowledge and professionalism, they manage the property in the best interest of both the Landlord and Real Landlord Insurance. The property owner is the Insured Party, however the Property Management Company is the Administrator of the Policy, hence the reason why all correspondence, invoices etc. must be directed through them,
they will also process a claim on your behalf, providing all the necessary documentation and evidence to assist with the claim procedure.

Contact REAL to find out where approved property management companies are in your region.