Insured in 3 minutes
Our technology identifies info about your investment property to get you covered sooner. 3 minutes to Landlord insurance, that’s smart.
Cover the right stuff
Take the guesstimating out of Landlord insurance. We combine your info with data about your property to help you select the cover that works for you.
The wiser choice
Honey covers your investment property for the essentials, and helps you mitigate your financial risk. We’ll cover your house, even if someone else calls it a home.
Tenants come and go, but cover for clever landlords never goes astray
Smarter questions you can ask about Landlord insurance
Landlord insurance can cover both the building and the contents of your investment property in the case that they need repair, rebuilding, or replacement after an insured event (a fancy way of saying something happened and then you need to make a claim). This includes protection from unpredictable weather and the impacts of cyclones, floods, storms, and bushfires. Landlord insurance can also protect you against things like theft or damage by a tenant, lost rent, and legal liability.
There are several differences between Landlord and Homeowners insurance, the main difference being that Landlord insurance provides protection for an investment property you are renting out and not living in, whilst Homeowners insurance is for your primary residence - the place you live in and call home.
Homeowners insurance covers the home and/or contents of the house you permanently live in (commonly called a “dwelling”), the things (contents) in your house, and your legal liability related to the investment property. It does not cover the risks that come with having a tenant living at your investment property, such as tenant damage and rent default, making Landlord insurance relevant to cover any investment property that you permanently rent out.
Firstly, it’s great that you have chosen Honey insurance to cover your primary residence - the place you live in and call home. Landlord insurance should not be used to cover your primary residence, however if you have an investment property, Honey Landlord insurance could an option. Landlord insurance can protect your investment property from the risks that come with having a tenant living at your investment property. Additionally, if you’ve borrowed money to buy your investment property, your financial institution may require you to take out insurance on the investment property.
If you take out a Landlord insurance policy with Honey, when your tenant is in default, we may pay the net rental income up to $5K minus bond entitlement. If your building is damaged to an extent that the tenant can’t live in it, or access to use your building is not possible due to damage to the investment property or strata title development, we may pay for loss of rent on the insured property for the time it is unoccupied. This benefit is automatically included in your policy and subject to terms and conditions in the PDS.
Your investment property will continue to be covered under a Honey Landlord policy against insured events even if it becomes unoccupied. You may be required to pay an additional excess if something happens, but you can rest easy knowing the investment property is covered. We consider your investment property unoccupied if no one has been living in it for more than 60 consecutive days or if someone stays there on average for less than one night a week during the 60 day period.
