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Insurance for landlords

For apartments, units, villas and townhouses

CHU Landlords Insurance for Strata is a tax deductible insurance and that protects you against loss or damage to your investment property.

Get a free quote 20% off your quote*

Complete landlord insurance – a market leading rate

CHU Landlords Insurance for Strata covers apartments, units, villas and townhouses to offer you complete insurance. So you can continue to receive rent if you tenant defaults, suddenly departs or damages your property so that is unfit to be occupied.

Get a quick quote in less than 2 minutes to compare our cover and see how you can save on your landlords insurance, plus save an additional 20%* if you apply by 31 March 2019.

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What does CHU Landlord Insurance for Strata cover?

Our Landlord Insurance policy gives you protection against loss or damage across a range of different situations:

Icon loss of rent
Loss of rent - departure

Up to 6 weeks if your tenant departs

loss of rent
Loss of rent - default by tenant

Up to 15 weeks if your tenant defaults

Icon Loss of rentable value
Loss of rentable value

Up to 52 weeks if your property is unfit to be occupied

Icon Storm
Storms
Icon Malicious damage
Malicious damage
Icon Fire and explosion
Fires
Icon Theft and burglary
Theft and burglary
Icon Escape of liquid
Escape of liquid
Icon Earthquake
Earthquake
Icon Flood
Floods
Icon Legal liability
Legal Liability
Icon Contents in the open air
Contents in the open air

The following important features are standard inclusions. No need to ‘upgrade’ or ‘purchase extras’:

  • Loss of rent: Protection if your tenant absconds or defaults on their rental payments. We also insure loss of rentable value if during the period of insurance your property is unfit to be occupied.
  • Flood cover: Cover for loss or damage caused by flooded rivers, creeks and other bodies of water
  • Motor burnout: Up to $2,000 to repair or replace the motor of household equipment and appliances less than 10 years old
  • Tenant theft and malicious damage: Cover against loss or damage caused by vandalism, malicious acts; or theft caused by your Tenants or their guests to your property
  • 21 day cooling off period with $0 cancellation fee: You can cancel your insurance within the first 21 days for a full refund. You may also cancel your policy at any time for a pro-rated refund.
  • Legal Liability: Covering you for up to 30,000,000 for the death or injury to someone in your property. You will also be covered defending a claim.

Why choose CHU?

residential insurance apartment exterior
Almost 1 million properties protected
Emergency assistance
24/7 Claims Process and Emergency Hotline
certificate of currency v3
Over 40 years of insurance expertise

Is your building insured via CHU? 

CHU organises insurance for the largest number of residential buildings in Australia, protecting almost 1,000,000 properties across Australia. When your building insurance is also via CHU and you make a claim for your unit, you receive these additional benefits. Contact your local branch now to see if your building is insured. 

  • Save on your excess payment : Save up to $500 with your excess if CHU insures your building and you and the Owners Corporation/ Body Corporate make a valid claim for the same event. The value of your claim must exceed the amount of your excess. 
  • Speedier repairs : If your personal property and your building is damaged in the same event, your property will be repaired or replaced quicker by a tradesman of your choosing. 

Frequently asked questions

  • What is landlord insurance and do I need it?

    It’s insurance cover for strata property owners who are renting out a unit/apartment to tenants. It is important as it provides cover for accidental loss or damage to contents in your unit from events such as fire, flood or storms. It covers items such as carpets, light fixtures, built-in wardrobes and kitchen cupboards as well as loss of rent if the unit is unfit to be occupied. Additionally, it covers you and your investment property for malicious damage to contents/buildings caused by tenants and/or their guests. It also covers you if your tenant fails to pay rent.

  • Do I need landlord insurance when my building has Strata Building Insurance?

    Yes, residential strata insurance only provides general ,insurance cover for the building, common/shared property and common/shared contents. The cover provided by the Strata Building policy ends when you cross the threshold of your individual property. Landlords insurance protects you for tenant related loss/damage inside your property.

  • What is a Strata property?

    Lots are individual units, flats, apartments, townhouses, villas or duplexes. Common Property is the shared items in scheme such as common stairwells, driveways, visitor parking, roofs, gardens, lifts, gyms, pool etc. Strata living can provide a friendly community-style environment but differs from living in a freestanding house.

Important documents

Name Link

Landlords Insurance PDS and policy wording 

Download

Landlords Insurance Flyer

Should be read in conjunction with latest Product Disclosure Statement and Policy Wording.

Download

Landlords Safetynet Plus Policy

Download

Landlords Safetynet Plus Insurance Product Comparison Flyer

Product comparison for existing customers transferring from CHU landlord's 'safetynet plus' to the new Landlords Insurance for Strata.

Download

Want to know more about strata in your state?