Allianz landlord insurance
Independent review of Allianz landlord insurance: what is covered, what is not, the claims experience, loss-of-rent limits, flood options and who it suits best.
A polished product from one of Australia's largest insurers
4.3propkt editorial ratingAllianz approaches landlord insurance the way it approaches most products: a solid core policy with a menu of optional extras you bolt on as needed. Building and contents cover sits alongside optional rent default and theft by tenant, which several competitors include by default or not at all. The upside is control over premium versus protection; the trade-off is that you have to opt in to the covers landlords most often claim on, so a bare-bones quote can look cheaper than a like-for-like comparison. For investors comfortable reading a PDS and choosing their own level of cover, Allianz is one of the stronger mainstream options.
Independent recognition
- CanstarOutstanding Value - Home Insurance (National) and Home & Contents Insurance (National) · 2024-2025
- CanstarOutstanding Value - Home Insurance (NSW) · 2025
Awards as published by the awarding bodies, checked August 2026. propkt is not affiliated with any insurer or rating agency.
Relative positioning, not a quote. Premiums vary widely by state, building size, cover options and excess choices. This is general information, not financial advice - read the current PDS and consider your circumstances.
Best for
Flexible, modular cover from a major insurer
Product breadth
Building, contents, rent default and liability options
Network
Large national claims and trades network
What’s covered - and what isn’t
Typical positions under current published product information. Your policy schedule and PDS are the final word.
- Building damage from fire, storm, water and impact events
- Liability cover for injury or damage connected to the property
- Loss of rent if the property becomes uninhabitable after an insured event
- Optional: rent default and theft by tenant (varies by state and option)
- Optional: contents you own at the property (carpets, curtains, appliances)
- Tenant damage or rent default unless the optional cover was selected
- Gradual damage, wear and tear, and maintenance-related defects
- Flooding unless flood cover applies to the address - check the address-level result
- Mould damage except where it follows a defined insured event
- Asbestos removal beyond defined event triggers
Claims experience
Allianz runs high volumes through a mature claims operation: 24/7 lodgement, online tracking, and an approved-supplier network that speeds up make-safe and repairs after storm or water damage. Reviews of claims outcomes are broadly consistent with the other majors - straightforward on defined-events claims, slower where tenant-behaviour claims need evidence like ledgers and inspection records. That evidence burden is the recurring theme: landlords who document arrears and inspections get smoother outcomes than those who do not.
Landlord-specific gotchas
The details landlords most often discover at claim time.
Rent default is an optional extra
Allianz treats rent default and theft by tenant as options rather than defaults in most states. If your quote looks sharp compared to competitors, check whether those covers are switched on before comparing further.
Flood is address-dependent
Like all mainstream insurers, Allianz prices flood per address. Some properties come back with flood excluded entirely. Get the address checked before exchange, not after settlement.
Loss-of-rent caps differ by event type
Loss of rent following an insured event and loss of rent from a defaulting tenant carry different caps and different waiting periods. Read both numbers, not just the headline.
Frequently asked questions
Is Allianz good for landlord insurance?
It is one of the strongest mainstream offerings: financially secure, broad optional covers and a large claims network. Whether it is best value depends on which optional covers you need - compare the final configured policy against specialist landlord insurers rather than base prices.
Does Allianz landlord insurance cover tenants not paying rent?
Only if you have selected the rent default option where offered. It is an add-on in most states, subject to conditions such as reference checks and documentation of the tenancy.
Does Allianz cover flood damage?
Flood cover depends on the property's address risk assessment. Some addresses are covered, some attract a loadings, and some are excluded. Confirm the outcome for your specific property before buying.
How do Allianz landlord insurance claims work?
Claims lodge 24/7 online or by phone, with approved repairers dispatched for make-safe work. Have your lease, rent ledger and inspection reports ready - tenant-related claims are assessed against them.
Compare the alternatives
Every review is written against the same framework, so the differences you see between them mean something.
Insured and organised?
propkt keeps policies, expiry reminders, rent ledgers and inspection records together. Free for 3 months, no card.
Start free trial