Building Insurance

Building insurance could help protect your building from theft, vandalism, fire damage and more.

What is building insurance?

Building insurance covers your commercial or residential property and its contents against risks like storms, floods and fire.

Landlord building insurance can also cover holiday rentals and long-term rentals.

It can also cover any damage that tenants cause to your contents – and even loss of rental income.

How you can be protected with building insurance

The exact cover you receive depends on the policy that you take out. But to give you an idea, here are some of the benefits a home building insurance policy may include:

Tenant stops paying rent
Cover if your tenant stops paying rent or leaves without giving you notice
Lost rent during repairs
If your investment property is covered and it’s unliveable after a covered event, claim lost rent
Theft and vandalism
Cover for stolen items and damage from theft and vandalism
Fire
Cover damage to your items caused by fire (including bushfire)
Flood, rainwater run-off and storms
Cover damage to your items caused by flood, rainwater run-off and storms
Furniture, appliances and furnishings
Cover loss or damage to furniture, furnishings and carpet in your property or damage caused by electric motor burnout for appliances
Catastrophe cover
Up to an additional 15% of the building sum insured, for declared natural disasters and tax audit cover
Liability cover
Up to $20 million for injury or loss of life to a third party, or loss of a third party’s property on a building you own
Loss of rent
Optional cover for loss or rent as a result of an absconding tenant
Inflation
Automatic inflation adjustment to your buildings and contents sum insured
Demolition and removal of debris costs
Up to an additional 15% of the building’s total sum insured, to cover demolition and removal of debris, and architects and engineering fees

Do I need building insurance?

If you own a rental property, we recommend you have the best home building insurance or landlord insurance to suit your needs.

Without home building insurance or landlord building insurance, you could lose your valuable investment if it’s damaged or destroyed. You could also lose income from rent if you’re unable to rent it out during repairs, or if your tenants get evicted or break their lease.

Commercial building insurance

Commercial building insurance is designed to help protect your commercial property that is leased to another business.

Commercial building insurance may be able to protect a range of different types of tenanted commercial property including:

  • Retail shops
  • Factories and warehouses
  • Offices
  • Cafes and restaurants
  • Commercial strata properties

Our brokers can also assist with strata insurance and landlord insurance for apartments.

Every commercial building insurance policy is different. Our brokers can help you compare and tailor a landlord insurance quote to ensure you are adequately covered.

Tips or other things to know about building insurance

Each policy is different, but generally you won’t be covered:

  • For damage from tenant carelessness or neglect
  • For rust, corrosion, gradual deterioration or wear or tear
  • If your home is unoccupied for 90 continuous days

There are other exclusions which our insurance brokers can outline for you. A deductible/excess may apply.

Check limits for certain items

Most policies have maximum amounts on how much you claim for certain items. For example, a limit for individual electrical appliances.

Our brokers can help you compare landlord insurance and tailor a landlord insurance quote to ensure you are adequately covered.

Have a question? We can help

How does building insurance work?

Building insurance or landlord building insurance covers any buildings you own, as well as any contents, plant or equipment within the building, for an insurable event such as storm, fire, malicious damage and more.

Our brokers make understanding building insurance easy. Our team can help you compare landlord building insurance and find the best quote to suit your needs.

What else does building insurance cover?

Building insurance is designed to cover permanent fixtures in the property such as the roof, ceiling, walls, floors and windows as well as cabinets and cupboards. It can also provide cover for structures such as sheds or pergolas, however this will depend on the policy. 

Our brokers make understanding building insurance easy. Our team can help you compare building insurance and find the best insurance quote to suit your needs.

How much does building insurance cost?

There are a number of factors that influence the cost of home building insurance, such as replacement cost of building, level of cover required, location and excess to name a few. 

Our brokers can help you compare building insurance and find the best building insurance quote to suit your needs.

Do I need to get home building insurance when building a house?

Whilst the home is under construction it is normally covered by the builders construction insurance policy.

Our brokers can help you compare home insurance policies and find the best insurance quote to suit your needs.

Insurers we work with

Allianz insurance quotes – NewSure Insurance Brokers
CGU insurance quotes – NewSure Insurance Brokers
Chubb insurance quotes – NewSure Insurance Brokers
QBE insurance quotes – NewSure Insurance Brokers
Berkley Insurance Australia quotes – NewSure Insurance Brokers
Brooklyn Underwriting insurance quotes – NewSure Insurance Brokers
Sterling Insurance quotes – NewSure Insurance Brokers
Vero insurance quotes – NewSure Insurance Brokers
Zurich insurance quotes – NewSure Insurance Brokers
Liberty Mutual Insurance Company quotes – NewSure Insurance Brokers
Epsilon Insurance quotes – NewSure Insurance Brokers

GET MORE COVER

Business Insurance

Protection for your business, premises, contents, stock, equipment and reputation.

Home & Contents Insurance

Home insurance can protect you if your home is damaged from fire, theft and more.

Landlord Insurance

Insurance for your rental property to cover theft, vandalism, fire damage and more.

Insurance made radically easier

Call us on 02 4969 8100 or request a call back.

We know that navigating the world of insurance can be complex and confusing. Our brokers compare the myriad of insurance options on the market for you, providing expert advice to implement your chosen plan.

We empower thousands of Australian businesses to focus on what they do best, knowing they’re protected against any possible eventuality.