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Landlord Insurance Calculator

Calculator

Calculate landlord insurance cover for your investment property. Protect against tenant damage, lost rent, liability, and natural disasters.

Free to useNo data storedAI insightsUpdated: February 2026

Landlord insurance is essential for property investors — standard home insurance doesn't cover the unique risks of renting. Tenant damage, loss of rent, legal liability, and malicious damage are all risks that ONLY landlord-specific policies cover. The average landlord insurance claim is $3,000-$5,000, but major claims (fire, flood, extensive tenant damage) can reach $50,000+. At $1,200-$2,500/year, it's a tiny fraction of the property's value and fully tax-deductible.

Enter Your Details

Enter Your Details

$

Estimated cost to rebuild the property (NOT market value)

$

Current weekly rental income

Furnished properties need contents cover for landlord-owned items

$

Value of your furniture, appliances, and fittings

Affects building cover and premium

How many weeks of lost rent you want covered

Location affects premium significantly

Real-World Examples

Standard Investment Property

3-bedroom house, rebuild cost $450,000, rented at $550/week, low-risk suburb.

Recommended building cover: $500,000 (includes demolition + rebuild buffer). Loss of rent: 20 weeks × $550 = $11,000. Liability: $20M. Premium estimate: $1,300-$1,800/year. Tax deduction at 37% marginal rate: $481-$666 saving. After-tax cost: $819-$1,134/year.

Frequently Asked Questions

Glossary

Landlord Insurance
Specialised property insurance for rental/investment properties covering building, tenant damage, loss of rent, and liability.
Loss of Rent Cover
Compensates you for lost rental income if the property becomes uninhabitable due to an insured event.

How to Use

  1. 1Enter the property rebuild cost (not market value).
  2. 2Add your weekly rental income.
  3. 3Indicate if the property is furnished.
  4. 4Choose the number of weeks of lost rent cover.
  5. 5Select your location risk level.
  6. 6See estimated cover amounts and premium range.

Key Information

  • Landlord insurance typically covers: building, deliberate tenant damage, accidental damage, loss of rent, legal liability, and theft.
  • Standard home insurance does NOT cover tenant damage or loss of rent — you need a specific landlord policy.
  • Landlord insurance premiums are 100% tax-deductible as an investment expense.
  • Most policies cap loss of rent at 15-52 weeks and have per-event limits for tenant damage.

Pro Tips

  • Always get landlord-specific insurance, not general home insurance — the coverage is fundamentally different.
  • Increase loss of rent cover to at least 20 weeks — insurance repairs can take longer than expected.
  • Document the property condition with photos before each tenancy — this is critical evidence for damage claims.
  • Ask about intentional damage cover specifically — some policies exclude deliberate tenant damage.

Avoid These Mistakes

  • Using regular home insurance on a rental property — most home policies exclude tenanted properties.
  • Not insuring for loss of rent — if the property is uninhabitable after damage, you lose months of income.
  • Underinsuring the building — rebuild costs are much higher than they were 2-3 years ago.
  • Not claiming — landlord insurance premiums are 100% tax-deductible.

Disclaimer: This calculator provides estimates only and should not be relied upon for financial decisions. Interest rates, fees, and policies change frequently. Always verify information with lenders directly. This is general information, not personal financial advice. Consider seeking advice from a licensed mortgage broker or financial advisor.

Last updated: February 2026

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