Insurance for Landlords Landlords Insurance Calculator

Our Landlords Insurance Calculator helps Australian property investors estimate an appropriate landlords insurance sum insured. Getting the sum insured right matters because underinsurance can leave you out of pocket after a major event, while overinsurance can mean paying for cover you do not need. This calculator is designed to guide your planning for building replacement, landlord contents, and optional limits such as loss of rent, so you can approach quotes with clearer numbers.

How to complete the calculator for the best result

1. Choose your dwelling type

Select the option that most closely matches your rental (for example house, townhouse, unit, or other). This helps you think about which parts you are responsible for insuring, especially if the property is strata titled.

2. Enter property details (optional fields)

Add the property address and financier details if relevant. These fields can help you keep records consistent when you later request a quote, but they do not change the arithmetic of your totals.

3. Select construction and year built

Choose the construction type and approximate year built. Use this as a prompt to consider higher rebuilding costs for older materials, heritage features, or non standard finishes.

4. Choose GST treatment

Select whether to display amounts including GST or excluding GST. For most residential landlords, including GST is more practical when estimating replacement costs from retail pricing.

5. Add replacement items in each section

Work through Building items first, then Landlord contents, then Appliances and fixed inclusions, then External structures. Add items at realistic replacement values, not original purchase prices. Include labour, delivery, installation, and removal of debris where applicable.

6. Set optional limits for loss of rent

Enter weekly rent, then select a loss of rent duration scenario that matches your risk tolerance and likely repair timeframe.

How to interpret the results

1. Recommended totals indicate your estimated sums insured by category based on what you entered.

2. Use the summary as a checklist when comparing landlords insurance policies, noting that cover definitions and sub limits vary by insurer.

3. Treat outputs as estimates only, not a quote or personal advice.

General information only. This guide does not consider your objectives, financial situation, or needs. Consider the relevant policy documentation and seek advice from a licensed insurance adviser or broker if you are unsure.